The file complete. The banker free.
A private banker in Monaco spends a large part of the week on files, forms and reports that exist because the framework requires them. AI can prepare all of it; the banker reads, decides and signs.
Everything here is built within Monaco’s anti-money-laundering framework and professional secrecy: the assistant prepares, the professional decides, the data stays in the firm.
Client files and periodic reviews
Collecting the documents a file needs, checking they are present, readable and current, reading the identity and corporate documents, flagging an inconsistency, and drafting the review memo for the banker to complete. Our product Trace does the verification part for Monaco’s regulated professions; the assistant around it keeps the file complete between reviews, so the Friday deadline is a reading task, not a hunt.
Reporting and client letters
The quarterly letter, the performance commentary, the meeting summary: drafted from the figures and the house views, in the client’s language, in the firm’s format, for the banker to edit. Reporting that took two days of copying becomes an afternoon of reading.
Enquiries and the daily inbox
Clients write in French, English, Italian and Russian, at any hour. The assistant sorts, files to the right relationship, drafts the routine replies (a document, an appointment, a statement) and leaves the rest to the banker with the context gathered. Nothing goes out without approval; every draft is logged.
What we do for it.
Monaco’s financial centre
The Principality’s banks and wealth managers are supervised by the AMSF and the CCAF, serve an international clientele, and compete on service and discretion. An assistant that keeps files complete and answers in the client’s language within minutes serves both; one that cannot explain what it did serves neither. We build for the second standard, and we are in Monaco for the conversation with your compliance function.
Questions.
Can the assistant access the core banking system?
Usually it does not need to. It works on documents, emails, the CRM and exports, with read-only access where the task allows. Where a connection is needed, it is scoped with your IT and security.
How is professional secrecy protected?
Data stays in the firm’s tools, models run under no-training and no-retention terms or inside your environment, access is logged, and nothing leaves without a person. The processing is documented for your compliance function.
Does this replace our compliance tool?
No. It feeds it and keeps the files complete around it. Trace can be the verification tool for firms that do not have one.
Can we start small?
One desk, one process, two weeks on real files under a confidentiality agreement. That is how every regulated client of ours started.
Who is accountable for the assistant’s work?
The professional, as the framework requires, which is why the system prepares and never decides, and why the log exists.
Related.
Family offices & wealth
Consolidated reporting from custodian data, counterparty screening, documents in confidence.
AI and compliance in Monaco
Monaco has its own data-protection law, its own authority, and a demanding anti-money-laundering framework for its regulated professions. None of it forbids AI. All of it shapes how an AI system must be built. This page says how, in plain words.
Trace
Trace is client-verification software for Monaco’s regulated professions, built and run by bss works. A person, company or vessel is checked against 18+ official sources, 120,000+ politically exposed persons, 810,000+ offshore entities and the press, in under three minutes, with a dated, fingerprinted PDF report. In production at tracemonaco.com.
Start with a 30-minute call. Keep what it finds.
You tell us where the hours go. We tell you which two or three tasks to automate first, in a short written note. Free, in English or French.