In a move to bolster the efficiency of asset management in Monaco, a pivotal cooperation agreement was signed on December 17, 2024, between the Service de Gestion des Avoirs Saisis ou Confisqués (SGA) and the Principality’s bailiffs. By establishing a structured collaboration, the agreement was endorsed by SGA Director Richard Dubant and leading bailiffs Maître Claire Notari, Maître Patricia Grimaud-Palmero, and Maître Frédéric Lefevre, setting a clearer framework for handling seized or confiscated assets within Monaco.
The accord delineates specific roles and responsibilities for the bailiffs as directed by the SGA, including the annual task allocation and the synchronization of activities to optimize the management processes. This structured approach promises to leverage the unique expertise of the bailiffs from the initial seizure of criminal assets to their eventual confiscation, ensuring operations align with Monaco’s stringent legal standards.
This formalized partnership underscores Monaco’s dedication to upholding high legal and judicial standards and reinforces its commitment to the responsible and transparent management of seized or confiscated properties. The agreement is a significant step forward in enhancing the principality's asset management capabilities, reflecting its ongoing efforts to maintain an exemplary legal framework.
Comments