The Regulation (EU) 2016/679 of the European Parliament and of the council (GDPR) replaced the existing EU Data Protection Directive n. 95/46/EC.
GDPR is now in force in the European Union (EU).
The Principality of Monaco is not a member of the EU although it has entered into specific treaties with the EU, in particular on financial matters.
GDPR is out of the scope of such treaties. In principle, GDPR should not affect business in Monaco.
However, any processing by an entity based in Monaco of personal data from clients residing in a UE country is potentially subject to GDPR provisions. Any cross border activity a Monegasque company may carry out on UE territory is within scope. Monaco entities offering services or products to UE clients have to comply with both Monaco data protection laws and GDPR.
The aim of the GDPR is to harmonize privacy law across all EU member states and to help promote the digital economy. It has also introduced new legal rights for individuals to better control and protect their personal data. Organizations holding personal data will need to provide evidence of compliance if requested to do so by clients or regulators.
The GDPR came into effect across the EU from 25 May 2018. As the UK will still be a member of the EU at this date, the GDPR also apply to the UK, and will continue to apply after its eventual exit from the EU.
With the following information, we would like to give you an overview of how we process your data and of your rights according to data privacy laws. The details on what data is processed and which method is used depend significantly on the services applied for or agreed upon.