Monaco Bank With Ties to Prince Andrew Nears Sale to Fintech Investors

(Bloomberg) -Eç investor is preparing to restart the Monaco-based arm of Banque Havilland SA, almost a year after the wider banking group lost its European license on internal controls.

Monzo and Starling Bank Founding Partner Jason Bates, Ukrainian technology investor Maksym Koretskiy and Scottish billionaire Jim McColl, Bloomberg News attempt to purchase and renew according to May documents seen by Bloomberg News.

Buyers are looking for regulatory approval to conclude the acquisition from Monaco’s commission de Controle Des Activites Financieres and France’s Autorite de Controle Prudentiel Et.

Following the agreement, the new owners plan to transform the business into a reserve -oriented financial technology company under a new name, according to people who know the issue and want the details not to be named because the details are not explained to the public.

Banque Havilland was previously checked by a millionaire businessman and British conservative party donor David Rowland. Rowlands, close friends of the infamous British Royal Prince Andrew, and the bank may once call the world’s financial elite to activate it as an unofficial door -opener.

Last year, the European Central Bank Luxembourg -based Banque Havilland was issued by his license following his fines for anti -money laundering failures and closed his activities in Lichtenşiste and Switzerland. The company announced last week that it concluded the decision process and will be paid to deposit and trade creditors in a short time.

The Monaco unit was not part of this process, and last year, the unit entered a special acquisition negotiations with a different group of potential buyers, including Revolut President Martin Gilbert.

Banque Havilland did not respond to comments requests. CCAF and ACPR refrained from commenting.

-Help from Gaspard Sebag and Harry Wilson.

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