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 Life is produced by qualified, 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 source: Benoît de Juvigny Linkedin