Page 29 - MONACO LAW REVIEW 2025-2

MONACO LAW REVIEW | DECEMBER 2025 | SPECIAL REPORT
Among the high-value assets under management are real
estate and securities accounts.
Assuming responsibility for an unoccupied property requires
a signifi cant operational commitment from the SGA to
preserve the asset’s value, which may amount to several tens
of millions of euros. This includes taking out non-occupancy
insurance as property owner, paying electricity and water
bills as well as urgent repair costs, and conducting regular
visits to the premises to ensure they remain in good condition.
Managing a securities account containing a portfolio of
fi nancial instruments valued at several million euros requires
a detailed review of the account’s composition and operation
to identify any specifi c constraints, particularly where there
is a mortgage loan or a Lombard loan. This may lead the
SGA, after consulting the banking institution, to recommend
that the judicial authority mitigate the fi nancial risk by
rebalancing the portfolio.
“The SGA is already responsible
for 125 cases involving 286 seized
or confiscated assets with an
estimated value exceeding EUR
300 million.”
Lastly, contributing to the execution of international mutual
legal assistance requests relating to the seizure of criminal
assets may involve operational assistance, upon requisition by
an Investigating Judge. Depending on the circumstances, the
SGA may engage a bailiff or any service provider required to
carry out the mandate. The SGA will act in close coordination
with investigators of the Monaco Police Department.
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