A year ago Mathieu Ferragut stepped in as CEO at the only Monaco-based bank with local shareholders. Founded in 1922, CFM Indosuez has become the only Monaco-based bank with local shareholders. While Credit Agricoleowns 70% through its subsidiary Indosuez Wealth Management, prominent Monegasque families own the other 30% of what Global Finance magazine named, for the second consecutive…
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A Global Witness report has shined light on some of France’s biggest lenders bankrolling businesses linked to deforestation in the Brazilian Amazon, as well as in the Congo Basin and Papua New Guinea. This despite France’s landmark pledge in March 2017 to stop importing goods, such as palm oil, beef, cocoa and rubber, that contribute to deforestation by 2030. “Our research showed…
Set up in Monaco in 2009, the Service d'Information et de Contrôle sur les Circuits Financiers (SICCFIN) is a central national authority specialized in combating money laundering, terrorist financing and corruption. Director Michel Hunault, who was part of a delegation at the Egmont Group Working Group meetings held in Mauritius end of January, will host a conference in Monaco May 28-29,…
