Bank Account Attachments In Monaco

In Monaco, it is possible for bank accounts of private individuals or legal entities to be frozen, which means all debit or credit transactions from or to this account will be blocked.

Depending on the type of attachment on the account, the account holder may become aware of it via notification from their bank, notice from a bailiff or they may simply notice that they are unable to make any transactions from their account.

Bank attachments ordered in criminal proceedings

A bank account attachment can be the result of an ongoing criminal investigation carried out by the Investigating Judge, who has the power to freeze bank accounts of persons involved in criminal proceedings and bank accounts of legal entities if the person involved in criminal proceedings is the ultimate beneficiary of such entities.