In the decade since that report appeared, Monaco has tried to appease the international community by tightening regulations.
"Monaco looks like a paradise from the outside, but as Grace Kelly found out, it is also a prison," he says.
Prior to working with Conde Nast, she was a prominent newspaper columnist and director of the Monaco Government Tourist Office.
Note: Its casino at Monte Carlo, luxury hotels, and spectacular scenery make Monaco a popular resort.
Note: The American actress Grace Kelly married Monaco's ruler, Prince Rainier III, in 1956. Princess Grace died in 1982.