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Day: 11 June 2025

Monaco added to EU’s money laundering watchlist amid FATF alignment efforts

by: Cassandra Tanti
11/06/2025

The European Union has announced a revised list of high-risk jurisdictions for money laundering, placing Monaco under heightened scrutiny alongside nine other countries. The update, revealed on Tuesday 10th June, follows the Principality’s inclusion on the Financial Action Task Force’s (FATF) grey list last year.

Monaco now joins Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela on the EU’s roster of countries subject to enhanced monitoring of financial systems and anti-money laundering controls. Simultaneously, the European Commission removed the United Arab Emirates—along with Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal and Uganda—from the list.

This reshuffle reflects the EU’s commitment to staying in line with the FATF, the global money laundering and terrorist financing watchdog. In its February 2025 update, FATF removed the Philippines but added Nepal and Laos. Monaco, which was placed on the FATF list in June 2024, continues to face international pressure to reform its financial oversight systems.

Monaco Responds: Reform Is Underway

In a statement issued shortly after the EU’s announcement, the Monegasque government acknowledged the move as an expected consequence of the FATF’s decision. It confirmed that the inclusion is procedural and subject to review by the European Parliament and the Council of the EU before becoming official next month.

Crucially, the Principality reiterated its intent to exit the grey list “in the short term”, stating that all relevant authorities are actively implementing the reforms laid out in the FATF Action Plan.

These efforts are being coordinated by Monaco’s National Committee for Anti-Money Laundering and supported by its Permanent Secretariat, with regular dialogue maintained with European authorities.

Technical Compliance Gaining Recognition

Monaco’s push for reform has already shown results. In December 2024, Moneyval—the Council of Europe’s monitoring body—recognised Monaco’s progress, awarding positive compliance ratings on 39 out of 40 FATF recommendations. The final assessment of these reforms is expected to be reviewed during the upcoming FATF-Moneyval plenary session taking place from 10th to 13th June in Strasbourg.

See also:

Monaco charts next steps in financial crime strategy as key FATF deadline approaches

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok. 

Photo credit: Cassandra Tanti, Monaco Life

 

 

Prince Albert II rallies global leaders In Nice: “The Ocean can’t wait”

by: Cassandra Tanti
11/06/2025

The glittering Côte d’Azur is this week hosting one of the world’s most urgent conversations: the United Nations Ocean Conference (UNOC3), which officially opened in Nice on Monday 9th June. At centre stage was Prince Albert II of Monaco, who delivered a compelling speech to more than 60 world leaders gathered in the city’s Palais des Expositions.

Taking the microphone during the opening General Debate, Prince Albert II wasted no time in setting the tone: “We have committed to taking bold action for the oceans.” Drawing on Monaco’s decades-long leadership in marine protection, he called for scientific collaboration and financial investment to drive a new, sustainable blue economy.

He announced Monaco’s backing of a proposed International Platform for Ocean Sustainability, to be developed under UNESCO, and urged nations to think beyond policies. “We must finance and promote an ocean-friendly economic model—starting now,” he said, pointing to sectors like maritime transport, aquaculture and renewable energy as ripe for transformation through innovation.

From Blue Economy To Real-World Impact

In a clear sign that Monaco isn’t just talking the talk, Prince Albert referenced the Blue Economy and Finance Forum (BEFF), hosted by the Principality just days before UNOC3. The high-level event brought together political figures, scientists, NGOs, and financial powerhouses to accelerate funding for ocean-positive technologies.

“The ocean doesn’t have time for empty promises,” was the unspoken message as Prince Albert underlined the urgency of turning ideas into action.

Prince Albert II of Monaco on the opening day of UNOC 2025. Photo credit: Frédéric Nebinger / Palais princier

A Walk Through The Cryosphere

After his speech, the Prince took time to visit the Cryosphere Pavilion—aptly located at La Baleine—where he mingled with scientists, delegates and visitors. His presence added weight to discussions on the impact of polar melting on global sea levels, bridging the gap between diplomacy and science.

As talks continue in Nice, Monaco’s message is loud and clear: when it comes to saving the ocean, leadership means showing up, speaking out, and getting to work.

See also: 

Blue Economy Forum in Monaco draws global powerhouses to fight for the oceans

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok.

Main photo credit: Frédéric Nebinger / Palais princier

Enric Sala calls out ‘window dressing’ ocean pledges at UN summit in Nice

by: Cassandra Tanti
11/06/2025

As the UN Ocean Conference got underway in Nice, leading marine scientist and National Geographic explorer Enric Sala delivered a stark warning: the world is still falling short on real action to protect the oceans, despite a cascade of political promises.

Enric Sala, the founder of National Geographic’s Pristine Seas initiative and a key scientific voice behind Ocean with David Attenborough, issued a searing assessment of the first day of UNOC3. While praising the symbolic momentum, he criticised the substance behind many government pledges, calling them “window dressing”.

“We are hearing so many world leaders speak about the importance of ocean protection, but when it comes to action, they are falling short,” said Sala, who has led dozens of ocean conservation expeditions across the globe. “The commitments are rolling in, but many are nothing more than window dressing.”

Sala urged countries to go beyond rhetorical support and take bold, science-backed steps—particularly the phase-out of bottom trawling in marine protected areas (MPAs) and the creation of more fully protected zones. “Without a healthy ocean, fisheries will fail. The worst enemy of fishing is overfishing, not protected areas,” he warned.

Europe lagging behind pacific leadership on marine protection

While countries such as Greece and Sweden have announced full bans on bottom trawling within their MPAs, Sala criticised others—particularly France—for making “cosmetic” announcements that fail to enact meaningful bans on destructive fishing practices.

“The announcement today from France increasing protections in its metropolitan seas fails to materially increase the level of protection or enact any new prohibition on bottom trawling in MPAs,” he noted.

In contrast, Sala applauded Pacific island nations such as Tuvalu and Fiji for showing that economic size is no barrier to effective marine protection. “It’s inspiring to watch these ‘big ocean states’ rise to the challenge,” he said, calling their leadership proof that “closing large areas to fishing is not only compatible with sustainable fisheries, but essential to replenish them.”

The science—and public—are on the side of stronger action

Scientific consensus is clear: bottom trawling releases vast amounts of carbon dioxide and damages seabed ecosystems beyond repair. The practice, featured in Sala’s recent film Ocean with David Attenborough, has been widely condemned for its environmental and ethical impact.

Sala reiterated that there is still time for world leaders gathered in Nice to “do the right thing” and adopt science-backed reforms that benefit not only the environment, but coastal economies and global food security. “Marine protected areas make sense for countries, economies, and fisheries,” he said. “And bans on wasteful practices like bottom trawling in MPAs are a no-brainer.”

The race to 30×30 continues

The call to protect 30% of the ocean by 2030—known as 30×30—remains the global benchmark. A new study published in Marine Policy just days before UNOC3 found that the world needs to designate 85 new marine protected areas every day to meet that target. With the clock ticking and political attention focused on Nice, Sala’s intervention is a reminder that declarations alone won’t deliver the ocean’s future.

See also:

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok.  

Photo of Enric Sala, Explorer-in-Residence, National Geographic Society, USA; Young Global Leader, speaking in the What’s at Stake: Our Ocean session at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland. Credit: World Economic Forum

Monaco United Football Club launches with women’s team at its heart

by: Cassandra Tanti
11/06/2025

Football in Monaco has taken an unexpected turn with the arrival of Monaco United Football Club, a new team helmed by former AS Monaco striker Marco Simone. With a sharp focus on elevating women’s football, the club’s launch signals the beginning of a long-term project to establish a high-level institution rooted firmly in the Principality. This fresh venture promises to reshape the local sporting landscape, placing the women’s squad at its very heart.

Marco Simone, whose professional career includes spells with AS Monaco, AC Milan and Paris Saint-Germain, described the launch as a deeply personal project. “Monaco gave me so much. Today, I want to give back,” he said. “This club is built on a vision of the future, shaped by what I’ve seen and experienced—especially in the world of women’s football, which deserves far greater investment and recognition.”

Speaking symbolically from the same spot where he once signed as a player with AS Monaco 25 years ago, Simone now returns as President of Monaco United Football Club, determined to forge a new path rooted in excellence, inclusivity, and opportunity.

The women’s team: ambition from day one

At the heart of the club is the Monaco United Women’s Team, which will make its debut in the French championship this September. The club’s leadership has made clear that the women’s team is not an add-on—but the cornerstone of its vision. With professional structures, international scouting, and top-tier infrastructure, the goal is to elevate Monaco onto the national and European stage.

“This is a long-term project,” said Morris Pagniello, founder of Racing City Group, the club’s main partner. “We’re not here to compete with anyone—we’re here to contribute something new. Our dream is to one day see Monaco United in the Champions League.”

Recruitment is underway to build a competitive, internationally diverse squad, with players expected from France, Italy, Spain, Latin America and Africa. The project also includes a men’s section and a youth programme, with each team aligned with the club’s broader identity and values.

Monaco United Academy: training future champions

Central to the club’s mission is the Monaco United Academy, open to young players aged 14 to 23. Designed to develop future professionals in both women’s and men’s football, the academy offers tailored education alongside elite athletic training. It is supported by Adil Rami, 2018 FIFA World Cup winner, who has been named the academy’s official ambassador and will also make appearances for the Monaco United men’s team.

“Supporting the next generation is the most important investment we can make,” said Simone. “The academy reflects that commitment, both on and off the pitch.”

Rooted locally, reaching globally

Monaco United’s home ground will be the Stade Didier Deschamps in Cap d’Ail, directly across from Stade Louis II. The location grounds the club in the local sporting landscape while asserting a distinct identity and long-term vision.

With infrastructure, international partnerships and media strategy all part of its launch plan, Monaco United is positioning itself as a model for a modern, inclusive football club.

An official launch event is scheduled for late August, where full details will be revealed, including the team’s division, full player roster, technical staff, and ways for supporters to get involved.

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok.

Muse Monte-Carlo launches refined summer menu beneath the pines

by: Cassandra Tanti
11/06/2025

Tucked away under a canopy of pines at Le Méridien Beach Plaza, Muse Monte-Carlo offers a quiet retreat from the pace of city life — just minutes from the heart of Monaco, yet worlds apart. With sea views, shaded terraces and a setting that flows from sunlit afternoons into lantern-lit evenings, the restaurant has become a summer fixture for those in search of something unhurried, elegant, and unmistakably Mediterranean.

Surrounded by nature and shaped by the movement of light and breeze, Muse’s design — by French studio Adjamée — blends seamlessly with its environment. Raw wood, brushed metal and soft fabrics echo the landscape outside, while the layout invites guests to settle in: a pergola for lingering lunches, a teak deck under the pines, and a bar lounge that naturally draws the evening in.

But what truly defines Muse is the cuisine, and this summer, a new menu captures the essence of the Riviera with balance, flavour and flair.

Monaco Life’s Editor-in-Chief, Cassandra Tanti, experienced a preview of the season’s new dishes—served with a dash of culinary flair and a hint of theatrical magic.

Fresh flavours for summer days

At lunch, the focus is on seasonal lightness and shared pleasure. Dishes such as marinated watermelon with soy and Japanese pearls offer a crisp, refreshing start, while the rocket and raw artichoke salad brings a local touch to the table.

Each dish delivers a burst of flavour, from goat’s cheese Chantilly with fresh melon and citrus, to grilled aubergine with sumac and feta, and langoustine paired with avocado and pamplemousse. The entrées are thoughtfully crafted to suit the Riviera climate, the chic seaside setting, and today’s health-conscious tastes, with a clear lean towards raw elements, fresh ingredients, and bright fruit pairings.

There’s room, too, for comfort, with a playful twist: the XXL bacon cheeseburger is already drawing attention for its generous size and carefully considered build.

Left: Hommous with sesame cream, crispy vegetables and crusty tortilla with fresh melon and citrus served with goats cheese Chantilly and basil. Right: Chickpea fries. Photo credit: Cassandra Tanti, Monaco Life

The mood deepens with nightfall

Evenings bring a shift in pace. The air softens, the sea darkens, and the menu evolves to match. Dishes like crispy octopus, beef tataki, and lobster tail set the tone for a more indulgent dining experience, while grilled catch of the day and slow-cooked lamb offer Mediterranean depth with minimal fuss.

Fridays and Saturdays add a touch of surprise, as a close-up illusionist quietly moves among the tables — offering discreet, almost cinematic moments of magic between courses. It’s a detail that’s subtle but effective, adding another layer to an already well-considered evening.

New this season – magicians, who subtly work their way around tables to deliver a memorable experience. Photo credit: Cassandra Tanti, Monaco Life

Curated simplicity on every plate

The strength of the menu lies in its clarity. Golden tacos, house-made pinsas, and classic Mediterranean pastas — from trofie cacio e pepe to lobster linguine — are all delivered with clean, confident execution. Desserts, too, are designed to impress without overcomplication: the millefeuille is crisp and delicate, while a chocolate mousse with cacao sorbet ends the meal on a rich, satisfying note.

Throughout, the culinary identity remains consistent — unpretentious, thoughtful, and driven by quality.

Muse offerings different ambiances throughout 

The soundtrack of summer

A subtle but integral part of the Muse experience is its soundtrack, curated by Bon Entendeur. Designed to complement rather than compete, the music — full of retro textures and mellow rhythm — shapes the atmosphere as naturally as the setting sun.

Muse Monte-Carlo is not trying to reinvent the Monaco dining scene. Instead, it refines what already works: honest flavours, a strong sense of place, and a setting that invites you to stay just a little longer.

See more in Cassandra Tanti’s reel below! 

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok.

Main photo source: Le Meridien Beach Plaza

Bloomsday celebration brings Joyce to the rock

by: Cassandra Tanti
11/06/2025

James Joyce’s modernist masterpiece Ulysses will once again echo through the streets of Monaco‑Ville as the Princess Grace Irish Library hosts its beloved annual Bloomsday celebration on Monday 16th June.

Beginning at 2pm, literary enthusiasts are invited to gather at the Princess Grace Irish Library, where the event will commence with dramatic readings from the balcony at 2.30pm. From there, actors from the Monaco‑Ireland Arts Society will lead participants through the old town, transforming Le Rocher into an open-air stage for Joyce’s words. The immersive experience concludes back at the library with refreshments and an opportunity to connect with fellow lovers of Irish literature.

Joyce’s words ring through monaco-ville

Bloomsday, named after Joyce’s protagonist Leopold Bloom, is celebrated globally on 16th June in homage to the events of Ulysses, which unfold over a single day in 1904. Monaco’s tribute is marked by a spirited promenade through the cobbled streets of Monaco‑Ville, with stops for readings at scenic corners and historic settings. Visitors are encouraged to join the tradition by wearing a hat and bringing water, as the afternoon sun and terrain may prove challenging for some.

From Paris to Monaco: celebrating Ulysses

Ulysses was famously published in 1922 by American expatriate Sylvia Beach in Paris, after Joyce struggled to find a publisher willing to handle his complex and controversial text. The Princess Grace Irish Library will use the day’s celebration not only to highlight Joyce’s brilliance, but also to share insights into the novel’s creation and lasting influence.

Founded in 1984 by Prince Rainier III in memory of Princess Grace, the Princess Grace Irish Library is a cornerstone of Monaco’s cultural life and a symbol of the enduring ties between Ireland and the Principality. Housing over 12,000 volumes and rare literary treasures, the library regularly hosts readings, exhibitions and lectures that explore Ireland’s rich literary heritage.

Planning your visit

The event is free and open to all, but attendees should note that the library will be closed during the walking portion of the celebration. The gathering begins at 2pm, with balcony readings starting promptly at 2.30pm. As the route winds through Monaco‑Ville, those with limited mobility may find the walk difficult. Participants are reminded to bring water, wear suitable shoes, and of course, a hat.

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on  Facebook,  Instagram,  LinkedIn and Tik Tok.  

Photo provided