Law No. 1194

: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/monacola/public_html/includes/ on line 291.
This law governs all aspects of financial services and related activities that are habitually carried on in Monaco. The Government requires prior permission from the Ministry of State before any person may engage in any such services. The habitual conduct of such activities without prior permission can be a criminal offense. In these days of concern about money laundering and terrorism, there is a special concern about the strict enforcment of this law.