AGP Executive Report
Last update: 6 hours agoFinancial Services: Monaco will continue its anti-money-laundering reforms after leaving the FATF grey list. The government says work is ongoing on regulatory reviews, a national statistics database and a new risk assessment. Hospitality: From 1 November, Monaco’s lowest hospitality pay rate rises to €12.44 an hour, or about €2,102 gross a month for a 39-hour week. Unions are still seeking a €2,680 monthly minimum wage. Maritime Industry: At a Monaco forum, the PYA championed seafarers’ rights in an industry valued at €54 billion. Sport and Events: Monaco-headquartered World Athletics has launched a division for running and mass-participation events, with plans to develop partnerships in technology and data.
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