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!
InstantWatch AML saves compliance and AML officers and teams hours each day by automating AML lifecycle 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 empower you to stay ahead of the latest regulations and effectively identify and prevent money laundering and other financial crimes.
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.
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.
The AML module is integrated into InstantWatch KYC Screening, 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 continuously. 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 the investigation of alerts faster and easier.
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.
InstantWatch is one of the most powerful transactions 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.
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”.
Money laundering and terrorist financing are an increasingly serious problem Banks and other financial institutions are at continual risk of being targeted for these illegal activities. Such institutions need to comply with regulations and 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.
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, and alerts and provide you with all the information needed to get started.