Three Bedrooms for €60 Million Shows Monaco’s Dirty Money Headache
- The Mareterra development in Monaco features 114 waterfront homes that initially sold for €16 million to almost €500 million, making it one of the most expensive and exclusive addresses on the planet.
- Monaco has been added to the “grey list” for being deemed insufficiently vigilant about dirty money, and has since strengthened regulation and set up a financial intelligence and anti-money-laundering watchdog.
- The principality’s new laws and greater oversight, including a tightening of know-your-customer rules, have led to penalties for firms that fail to flag suspicious activities, and may be diminishing Monaco’s appeal for some wealthy individuals.







The Obama center sits on 19.3 acres in Chicago and contains a basketball court, two-level playground, recording studio and newly commissioned public art.





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