LEXCO’s AML Software delivers a comprehensive, cost-efficient AML solution that automates tasks traditionally done manually, saving time, reducing errors, and cutting regulatory costs while ensuring full AML/CFT compliance. The platform ensures professionals consistently meet AML/CFT obligations, providing real-time risk oversight, automated watchlist checks—including Monaco’s own—and streamlined regulatory reporting. Leveraging technology and expert-driven rules, even smaller firms can maintain compliance programs comparable to larger institutions.
Key Features:
- Automated Daily Screening: Continuously checks clients against global sanctions, PEP, and adverse media lists—including Monaco’s—alerting users to new risks immediately.
- Risk Assessment – Onboarding: Guides officers through questionnaires and verification steps to classify clients as low, medium, or high risk, setting a clear baseline for ongoing monitoring.
- Ongoing Monitoring & Reviews: Tracks client risk continuously, flags changes in behaviour or profile, and automates periodic reviews, maintaining a “perpetual KYC” approach as recommended by regulators.
- Expiring Document Alerts: Notifies teams when uploaded documents with an expiry date (e.g., ID cards, proof of address) are nearing expiration, ensuring compliance files remain current.
- Intelligent Notifications: Configurable alerts for screening hits, documents that are about to expire, change in risks/bands, and high-risk applications.
- Regulatory Reporting (STRIX Integration): By automating data collection and report generation, the tool streamlines submissions to regulatory platforms—such as Monaco’s STRIX—reducing effort and ensuring timely, accurate filings.
- Document Management & Secure Uploads: Central repository for all KYC and due diligence files with encryption and remote access.
- Ownership & Control Charts: Visualizes corporate structures and UBOs, helping identify red flags and comply with regulatory requirements.
- Dashboard and Reporting Engine: Real-time overview of compliance metrics, pending tasks, and risk distribution, with on-demand or scheduled reporting.
- Data Export & Integration: Supports data import/export and integration with CRM, third-party providers, or regulatory databases via API.
- Security & Data Protection: Bank-grade encryption, multi-factor authentication, and role-based access controls protect sensitive data.
- Full Audit Trail: Logs all user actions and system events for transparency and regulatory verification.
Who Will Benefit
The software suits any AML-regulated business or professional, including:
- Yacht Brokers: KYC and client screening for high-value transactions, and charters.
- Real Estate Agencies, Property Dealers & Property Developers: Due diligence and ownership verification for property deals and rentals.
- Dealers in High-Value Goods: AML support for jewellery, art, luxury cars, and similar sectors.
- Banks & Financial Institutions: Scalable compliance modules for small banks, asset managers, investment funds, and insurance brokers.
- Law Firms & Notaries: Secure KYC, risk assessments, and compliance record-keeping.
- Tax Advisors & Consultants: UBO visualization and ongoing client risk monitoring.
- Accounting & Auditing Firms: Client screening, reporting, and audit-ready trails.
- Trust and Company Service Providers & MFOs: Client onboarding, screening, risk management, and compliance record-keeping.
Any AML-regulated organisation—from small professional firms in Monaco to larger financial institutions—can benefit from this AML compliance solution.
Initially focused on Monaco’s family offices, wealth managers, and luxury sectors, the platform is equally suitable internationally. By combining Rosemont’s sector expertise with LEXCO’s software, clients receive both high-tech and hands-on support. The solution makes AML compliance simple, effective, and affordable, reducing regulatory risks while saving time and operational costs through smart automation.
The LEXCO AML Software – powered by KYC Portal® – one simple tool to meet ALL your AML obligations
Learn more about Rosemont Consulting Strategic Partnership for AML Compliance with Lexco here.