Veteran French regulator Benoît de Juvigny joins Monaco financial watchdog

Monaco has appointed Benoît de Juvigny, the former Secretary General of France’s financial markets regulator, to the commission responsible for supervising financial activities in the Principality.

The appointment brings one of France’s most experienced regulatory figures into Monaco’s oversight structure as the country works to reinforce its financial safeguards and demonstrate compliance with international standards.

Appointment confirmed by Sovereign Ordinance

De Juvigny has been appointed as a member of the Commission de Contrôle des Activités Financières (CCAF) for the remainder of its current term, which runs until 5th October 2027.

His appointment was formalised by Sovereign Ordinance No. 12.047, signed by Prince Albert II on 13th July and published in the Journal de Monaco on 24th July.

Two decades in financial regulation

De Juvigny spent 20 years working in financial-market regulation, including 11 years as Secretary General of France’s Autorité des Marchés Financiers (AMF).

Appointed to the position in December 2012, he led the regulator’s administration during a period marked by major changes to European financial rules, the growth of digital assets and increasingly close scrutiny of market conduct. The AMF highlighted his two decades of regulatory experience when announcing his departure.

He joins a Monaco commission already chaired by another prominent former French regulator, Gérard Rameix, who served as president of the AMF from 2012 to 2017.

Supervising Monaco’s financial sector

The CCAF is Monaco’s independent administrative authority for the supervision of financial activities conducted in the Principality. Its responsibilities include granting and withdrawing authorisations, monitoring licensed institutions and funds, conducting inspections and imposing sanctions.

In February, the commission signed a cooperation agreement with the Autorité Monégasque de Sécurité Financière to strengthen information-sharing, coordinate inspections and reinforce Monaco’s response to money laundering, terrorist financing and corruption.

A significant moment for Monaco

The appointment comes at an important stage in Monaco’s efforts to strengthen its international compliance framework.

Monaco remains under increased monitoring by the Financial Action Task Force, although the organisation concluded in June that the Principality had substantially completed its action plan and qualified for an on-site assessment. That visit will determine whether the reforms have been implemented effectively and can be sustained.

See also: 

Monaco clears major hurdle in bid to exit FATF grey list

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Photo source: Benoît de Juvigny Linkedin

 

Selling a home? Hiding a violent neighbour can cost you dearly

A seller who stays silent about a violent or dangerous neighbour can be made to compensate the buyer for the resulting loss in a property’s value, as France’s highest court has just confirmed, upholding an award of more than €100,000 against sellers who concealed an aggressive neighbour they had themselves repeatedly reported to police.

The case, decided by the Cour de cassation at the end of May, concerned a Paris apartment. Its owners had bought it, with a parking space, for €615,000 in 2011 and sold it on for €710,000 in 2016. What they did not tell the buyers was that they had been targeted by the occupant of a neighbouring flat, a man whose behaviour was described in court as abnormal and extremely aggressive, and against whom they had lodged complaints with the police.

After moving in, the new owners ran into the same problem, filing their own reports over the following years. In 2020 the situation turned frightening, when the neighbour rang at their door and held a loaded pistol to the wife’s head before her husband forced him away, leaving both hospitalised in shock. The couple took the former owners to court, arguing that the sellers had deliberately hidden a situation no buyer could reasonably have overlooked.

What the court decided

The buyers did not ask for the sale to be cancelled; they chose to keep the apartment and claim damages instead. A Paris court found in their favour in 2021, the Paris Court of Appeal confirmed the decision in July 2024, and on 28th May 2026 the Cour de cassation rejected the sellers’ final appeal. The sellers were ordered to pay €106,500 — 15% of the sale price — to reflect how much less the flat was worth because of the neighbour.

Crucially, the court rejected the sellers’ argument that the buyers had lost only the chance to negotiate a lower price, which would have limited the payout. Instead it treated the harm as the full gap between the price paid and the property’s real value, and awarded the entire amount.

Silence can be deceit

The ruling, published in the court’s official bulletin and so setting a benchmark for future cases, is a reminder that under French law a seller’s silence can itself amount to fraud, known as ‘réticence dolosive’. A seller must disclose anything likely to weigh materially on a property’s value. A merely irritating neighbour would not meet that test, but concealing serious, abnormal disturbances does — and, as this case shows, a buyer who later uncovers the truth can keep the property and still recover what they overpaid.

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Photo: AI generated by Monaco Life

 

Extra police checks to target drink-driving during Monaco’s busy August

Police in Monaco will carry out reinforced night-time checks for drink- and drug-driving across the Principality over the first two weeks of August, under a government decision aimed at keeping the roads safe during the busy summer period.

The checks run from Monday 3rd to Sunday 16th August, between 10pm and 4am, and may take place anywhere in the territory. Officers are authorised to test drivers for signs of drunkenness, to measure their blood-alcohol level and to screen for the use of drugs.

A response to the summer influx

The decision, taken on 28th July and published in the Journal de Monaco, singles out the first half of August as a period of significantly heavier visitor numbers and intensified festive activity, including busier nightlife. That combination of crowds, heavier traffic and late-night events, it notes, raises the risk of people getting behind the wheel under the influence of alcohol or drugs, endangering residents and visitors alike.

The rules

The measure draws on the Principality’s road-safety law of November 2025 and the general policing powers of the Minister of State. The decision notes that driving with a blood-alcohol level of 0.80 grams per litre or more, or after taking drugs, endangers people and property, and drivers stopped during the operation may be required to submit to testing.

Residents and visitors heading out during the fortnight are advised to plan how they will get home if they intend to drink.

See also: 

Explained: What Monaco’s new road safety laws mean for drivers

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Photo credit: Cassandra Tanti, Monaco Life

Monaco and Slovenia celebrate two decades of diplomatic ties in Ljubljana

Monaco and Slovenia recently marked the 20th anniversary of their diplomatic relations with a high-level economic and cultural event in Ljubljana, bringing together government officials, diplomats, and business leaders from both nations.

Organised jointly by the Embassy and Consulate of Monaco in Slovenia, the day’s packed agenda focused on sustainability, innovation, and bilateral cooperation.

A high-level Monegasque delegation

To mark the anniversary, a delegation travelled from the Principality to the Slovenian capital. Led by Céline Caron-Dagioni, Minister of Public Works, the Environment and Urban Development, the group included representatives from Invest Monaco, the Monaco Economic Board, the Tourist and Convention Authority, the Prince Albert II Foundation, SMEG, and local firms specialising in the green economy.

Following an opening address by Ambassador Anne Eastwood, speeches delivered by Minister Caron-Dagioni and Tone Kajzer, representing Slovenia’s Ministry of Foreign Affairs, emphasised the shared values of both countries and their mutual commitment to sustainable development.

Photo credit: Stane Jersic

Fostering economic and environmental collaboration

The morning session featured a series of economic presentations and panel discussions designed to encourage collaboration between the Monegasque and Slovenian business ecosystems, with a strong emphasis on sustainability, tourism, sport, and innovation.

On the sidelines of the main programme, Minister Caron-Dagioni met with Polona Rifelj, Slovenian Minister of the Environment and Spatial Planning, to discuss practical strategies for energy transition and green urbanisation.

A central economic highlight of the day was the official signing of a memorandum of understanding between the Monaco Economic Board and the Chamber of Commerce and Industry of Slovenia, paving the way for closer commercial ties between the two markets.

Cultural highlights

The celebration also featured a vibrant cultural programme, highlighted by a special performance by the ‘Little Singers of Monaco’, who visited Ljubljana as part of their European tour. The event concluded with a formal lunch reception hosted by the Embassy of Monaco, sealing a successful chapter of friendship and cooperation between the two European nations.

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Photo credit: Stane Jersic, source: Government Communications Department 

Matthis Abline and Mathys Detourbet Meet Fans at AS Monaco Summer Village

AS Monaco’s newest arrivals – Matthis Abline and Mathys Detourbet – met fans at the AS Monaco Summer Village on Monday during an autograph session at Port Hercule.

More than 100 fans attended the event, lining up for the opportunity to collect signatures, take photos, and welcome the duo to the Principality. The appearance followed last week’s meet and greet with fellow summer signing Flávio Nazinho.

French striker Matthis Abline recently joined AS Monaco on a five-year contract, while Mathys Detourbet arrived on loan from Premier League club Manchester City for the 2026–27 season.

The AS Monaco Summer Village remains open daily at Port Hercule until 9 August from 4pm to 10:30pm. Visitors can enjoy a range of football-themed activities, including interactive games and family entertainment. The program continues on Wednesday 5 August with a 18+ 3v3 tournament beginning at 7pm.

Beyond the player appearances, the Summer Village continues to bring supporters together throughout the summer, offering fans of all ages the opportunity to connect with the club through a mix of football activities, competitions, and community events.

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Photo credit: Kayla Sauceda / Monaco Life

D-Day beaches and Mount Olympus among 25 new World Heritage sites

UNESCO has added 25 new sites to its World Heritage List, from the Normandy beaches where the D-Day landings took place to Greece’s Mount Olympus, at the 48th session of its World Heritage Committee in Busan, South Korea, taking the global total to 1,273 sites across 173 countries.

The new European entries also included France’s Capetian royal fortresses of the Languedoc and a group of 18th- and 19th-century Italian ‘condominium’ theatres. The session, which ran to 29th July, marked the first-ever inscriptions for three countries — Comoros, São Tomé and Príncipe, and South Sudan — a step towards a more balanced list, while six sites were added to the List of World Heritage in Danger, underlining the need to strengthen their protection.

The session in Busan

It was the first time South Korea had hosted the committee. The session opened on 19th July with a ceremony attended by the South Korean president, Lee Jae-myung, and UNESCO’s director-general, Khaled El-Enany, with all 25 inscriptions adopted by consensus. The committee’s next session will be held in Istanbul in 2027.

Monaco’s part

Monaco was among the states taking part, represented by Séverine Dusaintpère, its Deputy Permanent Delegate to UNESCO. During the proceedings she welcomed the World Heritage Centre’s work to support countries that are absent or under-represented on the list, and voiced the Principality’s backing for a reform plan intended to strengthen the strategic role, expertise, efficiency and digital capabilities of the centre’s secretariat.

A party to the 1972 World Heritage Convention since 1978, Monaco supports the World Heritage Marine Programme and the Heritage Emergency Fund, and maintains long-standing partnerships with ICCROM and the ALIPH Foundation.

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Photo: Normandy beach landing, source: UNESCO