Trapets AB selected by Supercapital Ltd. to provide Hosted Anti-Money Laundering Solution.
Trapets AB one of Europe’s leading independent providers of Surveillance solutions and associated technologies today announced that Supercapital has selected Trapets AB to provide a Hosted Anti-Money Laundering surveillance system, InstantWatch AML.
Supercapital will rely on Trapets AB’s Internet-based service for its AML practices compliance program to detect and report potential money laundering activities across its business. An expert team based in London and Stockholm will coordinate delivery of Trapets InstantWatch Anti-Money Laundering solution.
InstantWatch AML is a flexible transaction monitoring solution for an organisation’s customers and accounts that meets today’s complex regulatory challenges. Designed specifically for a financial organization’s compliance team, the system automatically identifies suspicious activities, transactions, and transaction patterns powered by a state of the art analysis engine.
Risk assessment is the key foundation in a risk based system solution and encouraged by the Fourth EU AML Directive. It means that the risk result in your system solution should mirror your produced risk assessments for your line of business. To accomplish that Trapets system InstantWatch AML provides several types of pattern analysis that can be applied for noticing deviant behaviours in your customers’ transactions and accounts that need to be investigated more.
“Supercapital conducted a rigorous search with stringent criteria before choosing Trapets AB for the automation of our regulatory compliance initiatives in AML” said Joel Smalley, Managing Director at Supercapital. “We were impressed with Trapets AB’s ability to provide affordable Anti-Money Laundering capabilities with automatic risk based approach using the InstantWatch system”
Mike Jones, Sales Manager UK at Trapets AB, commented “The ability to rapidly facilitate detection of potential money laundering is a critical concern for financial institutions. Built around this principle, InstantWatch is already used by a number of leading financial organisations interested in enhancing their own internal surveillance measures as well as meeting ever changing external regulatory requirements.”
About Trapets AB
Trapets AB is Sweden’s leading provider of AML, KYC and Trading Surveillance solutions and associated technologies. The company offers expert advice on the ‘best fit’ compliance solutions for the capital markets accompanied by fully project managed implementation, consultancy and maintenance services. Professional services range from assistance in implementing compliance monitoring and advanced analytics programs to fully outsourced trade surveillance.
About Supercapital Ltd
Supercapital is a financial services company with a wide range of products that serve customers with currency exchange and international payments requirements, including FX liquidity provision, web/mobile/API international payments platforms and multi-currency bank accounts. Supercapital’s core product is a programmable, multi-currency payments platform. It is designed for businesses like retail FX brokers, financial marketplaces and others that are consumer-facing or in a supply chain and facilitates real-time cross-border payments.