MONACO Law and Practice Contributed by: Donald Manasse, Donald Manasse Law Offices
7.2 Laws to Protect “Banking Secrecy” Banking secrecy rules apply in civil cases. Article 308 of the Penal Code makes it a criminal viola - tion for anyone who has received information in confidence to divulge it. Banking secrecy cannot be invoked to resist a criminal investigation, but has been raised by a third-party bank served with a civil court order to produce information.
7.3 Crypto-Assets Crypto-assets are generally treated the same way as any other assets, but obtaining a seizure order for them can be particularly difficult. Leg - islation enacted in 2022 has clarified the legal framework applicable to crypto-assets, includ - ing the provision of services relating to them.
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