InstantWatch AML

Identify Suspicious Transactions, Reduce Risk, and prevent Money Laundering and Terrorist Financing Activities.

InstantWatch AML

InstantWatch AML is Northern Europe’s leading platform for automatic surveillance and compliance. The system automatically analyses a flow of financial transactions and alerts according to a configurable rule system based on your risk model and requirements. The AML module provides automatic surveillance against money laundering and terrorist financing. Saving time and effort for your team.

Don’t have the resources to manage the alerts? Outsource the management of alerts to our in-house Financial Crime Surveillance team – the perfect solution for start-ups.

IW AML is compliant with the EU’s latest Anti-Money Laundering Directive. Show regulators you comply and upgrade to InstantWatch AML today!

  • Comply with Regulations
  • Automate time-consuming AML activities
  • Fight Financial Crime
  • Reduce the number of false positives
  • Get actionable data in real-time
  • Maintain control of your data
  • Protect your reputation

Downloads

InstantWatch AML summary White paper EU 4th AML Directive

Features

Why InstantWatch AML?

InstantWatch AML saves compliance and AML officers and teams hours each day by automating workflows and reducing risk so you can focus on the most important cases and tasks.

Don’t just take our word for it, global fintech, banks and brokerage firms have been benefiting from InstantWatch over the past 20 years. The platform has been updated consistently over the years and remains a market leader in the industry.

InstantWatch is a revolutionary, modern and sophisticated platform that contains triggers, alerts and other features which empowers you to stay ahead of the latest regulations and effectively identify and prevent money laundering and other financial crimes.

How does it handle the requirement of applying a risk based approach?

The system performs an automatic risk calculation of customers, accounts, and transactions. Factors and properties such as nationality, country of residence, account type, and product are the basis for the risk analysis. The customers will automatically be placed into risk groups by the software.

How does InstantWatch AML find suspicious transactions and patterns?

The system’s automatic monitoring module performs advanced pattern analysis of each transaction. InstantWatch AML contains all alert types needed by financial institutions, according to the specified scenarios in the EU’s most recent AML directive (6AMLD) and other laws/regulations. The user can configure alert triggers and set the thresholds in real time.

Does InstantWatch AML handle KYC, Know Your Customer?

The AML module is integrated to InstantWatch KYC Screening, a quick and accessible internet service for screening of customers. The system automatically checks customers against sanction/terrorist lists and PEP lists, both at registration and on a continuous basis. Checks against the US Ofac/SDN can also be provided. Please see our separate brochure for more info about InstantWatch KYC Screening. InstantWatch also handles KYC questions & answers which makes investigation of alerts faster and easier.

Easy case management and documentation

The system issues an alert when a pre-defined scenario in an alert trigger is fulfilled. A single, or several, alerts are handled as a case that needs to be investigated, documented and sometimes reported. InstantWatch AML provides powerful tools to assist the user in this process.

Can InstantWatch handle huge numbers of accounts and transactions?

InstantWatch is one of the most powerful transaction handling systems in the world. Every day more than 10 billion pattern analyses are carried out on 500 million transactions within InstantWatch for our customers. The system handles 100 000 transactions per second on a standard server, providing more than 2 million alert trigger checks per second. It is nonetheless still scalable.

Powerful, yet user friendly

Even though the system is extremely powerful and carries out very complex pattern analyses, it is still very user friendly, easy to learn and easy to use. The complex functionality is hidden “behind the scenes”.

Why use an AML surveillance system?

Money laundering and terrorist financing are an increasingly serious problem Banks and other financial institutions are under continual risk of being targeted for these illegal activities. It is vital for such institutions to comply with regulations and to minimise all risks involved. The core benefit of using an AML system is the time saved by automating compliance workflows and reduced risk of being used for money laundering and other financial crimes.

Every day more than 60 billion pattern analyses are carried out on 3 billion transactions within InstantWatch for our customers.

How do I get started?

Request a demo with one of our experts to discuss your requirements in more detail. Once signed-up, your dedicated Customer Success Manager will work with you to configure the platform, risk model, alerts and provide you with all the information needed to get started.

request A DEMO