The Commission de Contrôle des Activités Financières (Financial Activities Supervisory Commission) is the independent administrative authority responsible for supervising the conduct of financial activities in the Principality.

About us

Carrying out a financial activity

Creating a Monegasque fund

Regulations

Latest news

Warning concerning “BSI Business Sécurité Investissement"

The Commission de Contrôle des Activités Financières (“CCAF”) has become aware of an entity operating under the name of "BSI Business Sécurité Investissement" (“the Entity”) which has an internet presence at www.businesssecuriteinvestissement.com. The Entity claims to be offering “wealth management” in Monaco. The CCAF wishes to alert the public that "Business Sécurité Investissement" is NEITHER a Monacan registered Company NOR licensed by the CCAF to provide any financial services which are required to be licensed under Monaco law. The Entity is not authorised to offer its services/ products to private customers in the Principality of Monaco. The CCAF would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the CCAF. A list of entities licensed by the CCAF can be viewed on our office website: List of authorised firms

Warning concerning "ROYAL INVESTMENT CONSORTIUM"

The Commission de Contrôle des Activités Financières (“CCAF”) has become aware of an entity operating under the name of Royal Investment Consortium (“the Entity”) which has an internet presence at www.royalinvestmentconsortium.com. The Entity claims to be offering “international private banking, offshore banking, international wealth management, formation of offshore companies and opening private and corporate bank accounts” in various jurisdictions including Monaco. The CCAF wishes to alert the public that Royal Investment Consortium is NEITHER a Monacan registered Company NOR licensed by the CCAF to provide any financial services which are required to be licensed under Monaco law. The Entity is not authorised to offer its services/ products to private customers in the Principality of Monaco. The CCAF would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the CCAF. A list of entities licensed by the CCAF can be viewed on our office website: List of authorised firms

New CCAF website goes online

The Commission is delighted to announce that its new official website is now online. Intended for project owners, authorised firms, and investors, the site contains a wealth of practical and easy to understand information about the legislative and regulatory framework applicable in the Principality, and explains the Commission’s work.

MONEYVAL report published

The MONEYVAL 5th round mutual evaluation report on Monaco, looking at anti-money laundering and terrorist financing measures, was published on 23 January 2023.

The CCAF becomes an ordinary member of IOSCO (October 2022)

The Commission has joined 130 of its counterparts from around the world as an ordinary member of the International Organisation of Securities Commissions, which works to promote investor protection, efficient and transparent markets, and cooperation between regulators.

Warning concerning “BSI Business Sécurité Investissement"

The CCAF wishes to alert the public that "Business Sécurité Investissement" is NEITHER a Monacan registered Company NOR licensed by the CCAF to provide any financial services which are required to be licensed under Monaco law. More about

Focus

CCAF 2022 Annual Report

The CCAF’s latest Annual Report is available.

View document (french version)

Mid-year statistics for 2023

All forms can be found by clicking the links below:
  • Statistics forms for banks for June 2023 (french version)   Télécharger
  • Statistics forms for management companies for June 2023 (french version)     Télécharger

Warning concerning “BSI Business Sécurité Investissement"

The Commission de Contrôle des Activités Financières (“CCAF”) has become aware of an entity operating under the name of "BSI Business Sécurité Investissement" (“the Entity”) which has an internet presence at www.businesssecuriteinvestissement.com. The Entity claims to be offering “wealth management” in Monaco. The CCAF wishes to alert the public that "Business Sécurité Investissement" is NEITHER a Monacan registered Company NOR licensed by the CCAF to provide any financial services which are required to be licensed under Monaco law. The Entity is not authorised to offer its services/ products to private customers in the Principality of Monaco. The CCAF would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the CCAF. A list of entities licensed by the CCAF can be viewed on our office website: List of authorised firms

More about

Warning concerning "ROYAL INVESTMENT CONSORTIUM"

The Commission de Contrôle des Activités Financières (“CCAF”) has become aware of an entity operating under the name of Royal Investment Consortium (“the Entity”) which has an internet presence at www.royalinvestmentconsortium.com. The Entity claims to be offering “international private banking, offshore banking, international wealth management, formation of offshore companies and opening private and corporate bank accounts” in various jurisdictions including Monaco. The CCAF wishes to alert the public that Royal Investment Consortium is NEITHER a Monacan registered Company NOR licensed by the CCAF to provide any financial services which are required to be licensed under Monaco law. The Entity is not authorised to offer its services/ products to private customers in the Principality of Monaco. The CCAF would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the CCAF. A list of entities licensed by the CCAF can be viewed on our office website: List of authorised firms

More about

Investor education

Investor education is a key part of the Commission’s role of protecting and informing investors, by promoting a better understanding of financial products, services, and concepts. The Commission’s new website now contains a section dedicated to investor education.

Marketing of financial products in the Principality

With some exceptions, financial products and services are marketed in Monaco exclusively by firms with authorisation to operate in the country’s financial sector, under their own liability.

Calendar of Commission meetings in 2023

  • Thursday 9 February
  • Thursday 13 April
  • Thursday 6 July
  • Thursday 5 October
  • Thursday 7 December

Application for authorisation to carry out a financial activity

Download the application firms to be filed with the Commission in order to carry out a financial activity in the Principality. After meeting the General Secretariat to present your project, you will need to formally submit the completed application, accompanied by the necessary supporting documents.

See document (french version)

List of authorised firms and credit institutions

View the list of firms and institutions authorised by the Commission as of 31 December 2022, and the activities for which they are authorised.

View the list

List of authorised open funds

View the list of open Monegasque funds authorised by the Commission as of 31 December 2022.

View the list