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Day: 24 March 2026

Monaco hosts Moneyval evaluator training as new assessment cycle gets underway

by: Cassandra Tanti
24/03/2026

Monaco welcomed nearly 40 international delegates to the Principality from 16th to 20th March for a week of training organised by the Moneyval Committee of the Council of Europe, as the sixth cycle of mutual evaluations of member states’ anti-money laundering frameworks gets underway.

The session brought together delegates from 21 countries, led by expert trainers and representatives of the Moneyval Secretariat. Participants alternated between theoretical sessions and practical workshops, working towards certification as evaluators who will take part in future country assessments under the sixth evaluation cycle. A number of Monégasque officials and authorities were among those taking part.

The training was coordinated by Monaco’s Permanent Secretariat of the Coordinating and Monitoring Committee for the National Strategy on Anti-Money Laundering, Counter-Terrorist Financing, Counter-Proliferation of Weapons of Mass Destruction and Anti-Corruption.

A visit to the Palace and a meeting with the Minister of State

During the week, the Moneyval Secretariat and delegates were received at the Prince’s Palace, where Prince Albert II greeted the group in person. A separate meeting with Minister of State Christophe Mirmand followed, at which Mirmand underlined that Monaco’s engagement in combating money laundering and terrorist financing — driven by the Sovereign Prince — remains a permanent and unconditional priority.

Monaco’s role in the international framework

For Monaco, hosting the training serves a dual purpose. It contributes directly to the quality and consistency of future evaluations across the Moneyval network, while also keeping the Principality close to the evolving standards it will itself be assessed against. Officials said Monaco’s participation in both Moneyval and FATF reflects a firm and ongoing commitment, not a periodic obligation.

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Photo credit: Sarah Steck, Government Communications Department 

CFM Indosuez completes acquisition of BNP Paribas Wealth Management clients in Monaco

by: Cassandra Tanti
24/03/2026

CFM Indosuez Wealth Management has completed its acquisition of BNP Paribas’s wealth management client book in Monaco, consolidating its position as the leading bank in the Principality, the company announced.

The transaction also brings a number of former BNP Paribas colleagues into the CFM Indosuez team, which the bank said would strengthen its expertise and further cement its standing as Monaco’s largest banking employer.

CFM Indosuez, which has operated in Monaco for more than a century, is part of the Crédit Agricole Group — the world’s tenth largest bank — giving it access to significant financial resources and an extensive international network. The bank said the acquisition reinforced its ability to serve a demanding local and international client base, with a particular focus on ultra-high-net-worth individuals.

The company added that the impact of the transaction on Crédit Agricole S.A.’s CET1 capital ratio is not material.

See also: 

CFM Indosuez reveals plans to transform Monaco building into ‘Everblue’ tower

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Main photo by Monaco Life

 

Monaco’s stamp museum marks 30 years with exhibition on its own origins

by: Cassandra Tanti
24/03/2026

The Musée des Timbres et des Monnaies at the Terrasses de Fontvieille is marking its 30th anniversary with an exhibition tracing the institution’s own history, from its origins as Monaco’s first monetary museum to the collection it holds today.

Running from 25th March to 26th April, the exhibition — titled ‘Du Musée monétaire au Musée des Timbres et des Monnaies’ — was produced in collaboration with the Prince’s Palace and sheds light on a chapter of Monégasque heritage that is little known even to regular visitors. It traces how the original monetary museum gradually evolved into the current institution, and examines the role that Prince Rainier III played in building the collections that give it its international standing today.

Rainier III was a passionate philatelist whose personal commitment shaped both the scope and the reputation of Monaco’s philatelic and numismatic holdings. The exhibition draws directly on those collections, presenting a selection of pieces that reflect the breadth of his interest and the quality of what he assembled over the course of his reign.

The exhibition was curated by Jean-Louis Charlet, a numismatic expert and member of the Consultative Commission for the Prince’s Philatelic and Numismatic Collections.

For collectors, history enthusiasts and those simply curious about a lesser-known corner of Monaco’s cultural heritage, the exhibition offers a focused and time-limited opportunity to engage with material that is rarely on public display.

The Musée des Timbres et des Monnaies is located at the Terrasses de Fontvieille.

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Photo by Monaco Life