Catella Fonder chose InstantWatch AML and KYC from Trapets AB for automatic anti money laundering and terrorist financing surveillance

27 May 2012

Catella Fonder has implemented a system for automatic surveillance against anti money laundering and terrorist financing. Catella Fonder's choice fell on the in the Nordic region's leading surveillance/monitoring system Trapets InstantWatch. It is the only Nordic AML system with automatic risk classification of customers, accounts and transactions.

Instant AML is a Swedish-developed system for automated risk classification, surveillance, monitoring, analysis and review of various information streams. It analyzes the flow of customer data and transactions in real time or in batch. Instant AML alerts for suspicious patterns, behaviors and abnormal transactions.

The system InstantWatch AML also includes access to a KYC (know Your Customer) service for automatic screening of customers against sanctions lists and so-called PEP lists (Political Exposed Person).

Instant AML is aimed for securities companies, fund companies, banks and other companies handling financial transactions and applying a risk based approach to achieve and maintain customer due diligence. Catella Fonder chose Trapets InstantWatch AML and KYC after a careful evaluation of various vendors.

"We are very pleased to get Catella Fonder as a new customer. Trapets Instant Watch is now the leading system for transaction monitoring and the agreement with Catella Fonder is further confirmation that our system is very competitive, in terms of functionality, flexibility and price." said Dan Sjöholm, CEO of Trapets AB.

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