Know-your-customer (KYC)

Discover why real-time transaction screening has become essential and how financial institutions can adapt their operating models accordingly.

On 1 July 2025, the Act on Certain Consumer Credit Activities (2014:275), was formally repealed. The change marks a significant shift in the Swedish consumer credit market.

Trapets participated in the Council of Europe's workshop: “Introduction to Development of a Standardized Minimum Data Set (SMDS) for the Reporting of Suspicious Activity and related Transaction Records”. 

Due to high demand, registration for the event is now closed. However, you can sign up for the waiting list, and we will contact you if a spot becomes available.

Maximum of two people from the same company. 

Meet us at the AML Arena in Helsinki, Finland, on 26 March 2026.

In this article, we'll look at the key aspects of AML periodic reporting for 2026 and highlight seven practical steps to help you prepare. 

Learn about real-time transaction screening, what it means for financial institutions, and how you can adapt real-time transaction screening in your AML processes.

Discover key AML red flags in real estate and how institutions can detect and manage money laundering risks in property transactions.

This guide provides an outlook on what 2026 has in store for AML and market surveillance teams, and what these updates mean for your organisation. 

Fill out the form below to get access to it. 

Join us at Penningtvättsdagarna 2026, held in Stockholm at Stockholm Waterfront, on 15-16 April.

Download the guide to learn:

• What the IPR requires from financial institutions
• How instant payments impact sanctions screening and customer monitoring
• Key steps to strengthen your AML processes without slowing operations
• What efficient, up-to-date compliance looks like under the new timelines

On 8 December 2025, the new version of the Swedish industry classification standard, SNI 2025, will be introduced, replacing SNI 2007. 

Here are three developments that firms should be aware of, why they matter, and what they mean for AML and MAR compliance teams going forward.

In this video, we've gathered some of the most commonly asked questions regarding sanctions screening within the EU's Instant Payments Regulation and SEPA.

DNB Carnegie wanted to move beyond traditional compliance to work smarter, faster, and in a way that benefits a customer-friendly experience. Here's how Trapets helps them.

In this article, we highlight four major updates shaping compliance across Europe and the UK and why they matter for banks, payment service providers (PSPs), crypto-asset service providers (CASPs), and more.

In this article, we’ll discuss how compliance is moving from periodic to continuous and what this shift means for financial institutions.

Here's how auditing and accounting firms can build effective AML programmes, the risks unique to their profession, and the four steps to implementing a compliant, risk-based approach.

Here's how Trapets is working to ensure that you’re prepared for upcoming compliance demands.

We'll explore the evolving AML landscape for PSPs, what makes the sector especially vulnerable, and how firms can build scalable, technology-driven compliance that supports both growth and trust.

From 28 January 2026 at 09:00 GMT, the UK Sanctions List (UKSL) will become the sole official list of all UK sanctions designations. Here's how Trapets helps.

In this article, we’ll explore what the IPR requires, the compliance challenges it creates, and how financial institutions can adapt to these changes.

Read our takeaways from Compliance day by Trapets - from data to action.

In this article, we’ll explain the challenges of knowing your customer in complex ownership structures, what current regulations require, why this is so difficult in practice, and how financial institutions can strengthen their approach.

Meet us at the Nordic Banking Forum on 4 December 2025 in Helsinki, Finland.

Money laundering can happen in many ways and sometimes goes unnoticed. That's why it’s important to recognise the red flags that could indicate something much bigger. 

This article explains how AML watchlist screening works, why it is necessary, and how businesses can ensure their screening process is both effective and up to date.

KYC onboarding is the foundation of security, transparency, and fraud prevention. Let’s break it down step by step.

In this article, we discuss what know-your-customer (KYC) is, its importance, and the necessary steps to conduct effective KYC.

This article explores what an AML risk assessment entails and why it's essential for compliance and protection.

Meta announced they will discontinue their fact-checking programme and move to a Community Notes model. What implications does this have in the fight against financial crime?

As we conclude 2024, we reflect on the efforts made this year to combat financial crime and consider what companies should focus on in 2025.

Politically Exposed Persons, or PEPs, are individuals who are or have been entrusted with central public functions, such as government officials, politicians, high-ranking military officers, and their immediate relations or close associates.

PEP checks are an essential step for effective AML work. In this article, we'll talk about what PEP checks are and tips for effective implementation.

Understanding and implementing the Know Your Customer (KYC) framework is more crucial than ever for financial institutions to effectively fight financial crimes and maintain regulatory compliance.

While Smurfs and money laundering may seem unrelated, the term "smurfing" originates from the small, fictional blue creatures from Belgium.

Read more about smurfing, when it occurs, and how to identify it using technology.

Safello has chosen Trapets Transaction Monitoring to support their anti-money laundering processes.

Financial crime is on the rise, and so are the regulatory requirements for know-your-customer processes. Since 2017, audit and accounting firms have had to comply with the Anti-Money Laundering Act and risk severe penalties if they fail.

Money laundering has been a global issue for decades, and the fight against it continues to pose challenges. In this article, Dan Sjöholm, Chief Strategy Officer at Trapets, shares his insights on anti-money laundering efforts throughout the years.

KYC information is crucial for an organisation's AML efforts, as it helps it meet regulatory requirements, reduce risk, and make better business decisions. In this article, we explore the importance of implementing KYC processes.

130 billion SEK is laundered in the Swedish financial system every year. Lawmakers want to combat financial crime, imposing strict know-your-customer requirements in an increasing number of sectors.

The fight against money laundering and associated regulations has intensified, with the EU prioritising centralized control. In Sweden, money laundering cases have surged, leading to hefty fines for non-compliance with AMLD regulations.

Optimising your Know Your Customer processes is a crucial strategic measure beyond compliance with AML/CFT regulations. In this blog, we will explore three essential tips to enhance the efficiency of your KYC process and ensure compliance.