BANQUE RICHELIEU MONACO products, services and reviews

About BANQUE RICHELIEU MONACO

Banque Richelieu Monaco is a Monegasque private bank focused on wealth management and private banking for high-net-worth and ultra-high-net-worth clients, families, and their investment vehicles. Its offering typically includes discretionary and advisory portfolio management, securities execution and custody, access to third‑party funds and structured products, foreign exchange and money-market instruments, and credit solutions such as Lombard lending secured by liquid portfolios as well as real-estate financing subject to collateral and underwriting. Accounts are available in major currencies with payments, cards, and reporting services; the bank acts as a Monaco booking center for eligible clients. It operates under Monaco’s banking and investment-services framework: prudential supervision is coordinated with the French Autorité de Contrôle Prudentiel et de Résolution under bilateral arrangements; investment services are subject to local conduct rules; anti‑money‑laundering and counter‑terrorist financing supervision is carried out by the Autorité Monégasque de Sécurité Financière (which replaced SICCFIN). Cross‑border services are offered only where permitted by local law, and the bank applies Common Reporting Standard and FATCA obligations. Eligible deposits held in Monaco are, by convention, covered by the French Fonds de Garantie des Dépôts et de Résolution up to EUR 100,000 per depositor per institution; investor‑compensation coverage for financial instruments is up to EUR 70,000, subject to statutory conditions. Fees generally include management and, where applicable, performance fees for mandates, custody and transaction charges, and margins on foreign exchange and lending. Onboarding requires full KYC and source‑of‑wealth documentation, and minimum relationship thresholds apply. Prospective clients should verify current services, eligibility, and pricing directly with the bank.