NEWS REVUE SPECIAL: MONACO MIRED IN MISRULE & MISDEEDS

"Money Laundering, Terrorism"

"Money Laundering, Terrorism... Brussels Lists Monaco Among the World's Worst Offenders" (Economie Matin)

Turns out, the roulette wheel in Monte Carlo has better compliance controls than SICCFIN, Monaco’s official anti-money laundering watchdog (wink-wink, nudge-nudge, say no more).

Even W. Somerset Maugham, who famously dubbed Monaco “a sunny place for shady people,” couldn’t have imagined how dark the shadows would grow.

It didn’t have to be this way. Prince Albert could’ve embraced the “new ethic” he once proclaimed (but did nothing about).

With the support of the CIA, we had a grip on terrorism finance.

And we knew the identifies of Monaco government ministers engaged in money laundering.

What did Albert do?

He promoted them!

The article:

Its main points:

This isn't just bureaucratic slapstick—it’s a seismic reputational hit. Monaco's offshore model, long protected by royal silence and shimmering PR, is being dismantled in real time. The EU’s decision follows years of warnings over dirty money flowing through high-risk sectors like art, private banking, and luxury real estate.

Then came the bombshell: Claude Palmero, the prince’s longtime bean-counter, spilled the beans—accusing the palace of deliberately hiding assets and avoiding documentation. Internal records were handed to investigators. Thus was born a scandal now referred to as Monacogate.

And Brussels finally lost patience.

Now, with EU regulators circling, FATF red flags flying, and international investors sweating, Monaco finds itself radioactive.

Bankers, wealth managers, and art dealers must confront new compliance hurdles.

Capital flight looms.

Monaco must now change its ways or risk financial exile.