AGP Executive Report
Last update: 9 hours agoFinancial Oversight: Monaco has been removed from the FATF’s money-laundering grey list after reforms, a boost for the principality’s €190 billion financial sector. Authorities say further reforms are still needed. Tax Policy: The government has cut penalties for business tax fraud while raising fines for late filings, changing the rules for companies operating in Monaco. Diplomacy: Prince Albert’s African tour included talks with Cameroon’s president on closer ties, while Monaco also welcomed six new foreign ambassadors. Labour: Monaco has raised the hospitality-sector pay floor as unions press for higher minimum wages.
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