CM1 supports you throughout the whole journey: development, sales, implementation and support. With our many years of experience and expertise, you get support and guidance throughout the whole AML process. Read more about our services below or fill in the form and we will get back to you.
As the only Scandinavian vendor, Softronic CM1 is mentioned in Gartner´s report, “Market Guide for Anti-Money Laundering”.
Screening (PEP and sanctions) and risk classification of customers including continuous updates of Beneficial Owners and organisation representatives.
By using CM1 to perform due diligence on new and existing customers, you can easily and efficiently run checks on your customers against the PEP and Sanctions lists required by law. The controls can be done in real time via API, daily through continuous screening and manually.
With the CM1 risk engine you can categorize your customers based on the risk parameters you have identified in your business. Risk classification of customers can be done in real time via the API, as well as continuously throughout the business relationship.
Transaction monitoring rules can be set up with direct connection to different risk classes on customers.
To our risk engine we also have the additional services Specially exposed areas and Taxed Income.
Opportunity for daily updating of beneficial owners via domestic suppliers in Sweden, Norway and Finland are continuously checked against PEP and Sanction lists. It also is possible to use the CM1 API for checking Benificial Owners.
It is also possible to use information about ownership structures (SCO/Sanction Control Ownership) and adverse media.
Read more about KYC here:
Read more about screening here:
CM1 introduces the Mekanismen feature as an add-on module for CM1 users. Essentially, this allows CM1 customers to use CM1 as an API for Swedish Tax Agency’s API by providing necessary account information to CM1.
Mekanismen is a technical platform that enables fast and efficient verification of the identity of account holders and safe deposit boxes at financial institutions. Connected authorities can use the platform to gain immediate access to information about these accounts and safe deposit boxes. The purpose is to prevent the use of the financial system for money laundering or terrorism financing.
CM1 offers a flexible service that automatically retrieves and updates information about beneficial owners for organizations in Sweden, Norway, Denmark and Finland. The information is taken from relevant authority registers, such as the Swedish Companies Registration Office and PRH, and is continuously updated.
Through ongoing checks against the registers, CM1 ensures that you always have access to correct and up-to-date information. This enables the effective integration of real principals in your screening processes and provides a secure basis for risk assessments and regulatory compliance.
Secure and up-to-date information:
CM1 ensures that the information on beneficial owners is always up-to-date and consistent with the registers of the PRH and the Companies Registration Office. This creates a reliable basis for business assessments and risk management.
Effective screening
By integrating beneficial owners into the screening process, companies and organizations can quickly and accurately identify the responsible persons behind the businesses. This increases transparency and facilitates preventive measures in the context of anti-money laundering (AML) and customer due diligence (KYC).
Simplified start-up
Take the first step towards greater security and transparency. Contact us to get started with CM1’s automatic beneficial ownership information retrieval service.
Give your business the necessary tools to navigate through complex regulations and ensure you have the right information to make informed decisions. With CM1, beneficial ownership in the Nordics it is easy and reliable to detect.
Are we sure we are doing business with the right customers? In today’s business climate, where risk assessment and regulatory compliance are crucial, it is becoming more important to understand and analyze connections between people and companies. Working on a risk basis means that we need to put more emphasis on analysis and intelligence work.
With our analysis tool Insight Map, you can see:
Contact us for more information.
With CM1’s powerful and flexible transaction rules engine, you can continuously monitor your customers’ transactions. You can easily and flexibly configure rules for monitoring based on the risks you have identified in your business.
In addition, CM1 also offers the option to use CM1’s award-winning pattern recognition with the help of AI. This is included in the CM1 ML service.
In the Transaction Monitoring service, we also have the additional service Taxed Income.
With CM1 software RTM (Real Time Monitoring) it is possible to capture suspicious behavior directly or over a longer period.
CM1 RTM analyzes a flow of transactions
CM1 expands its functionality to now include negative publicity controls for both individuals and organizations. This control provides relevant information about potential negative publicity, important for assessing the risk profiles of both individuals and companies.
Adverse Media Screening (also called media coverage or negative news control) is a vital part of the customer awareness process. In short, it means that a customer, regardless of whether it is a person or an organization, is compared to negative news sources and databases. Through Adverse Media Screening, companies can identify potential problems at an early stage to avoid links to negative events and protect their reputation.
CM1’s Digital Authority Inquiries service leverages a recently developed API with the capability to respond to API calls from the technical platform of the Swedish Police. These calls pertain to information about accounts, amounts, and transactions within financial institutions. It remains the responsibility of the customer to provide adequate information in compliance with the requirements establishGoed by the Swedish Police Authority.
CM1 ensures the availability of an API for direct utilization, either through the technical platform of the Swedish Police or via the financial institution.
Information that contributes to increased customer knowledge
Taxed income is shown in intervals for the periods you choose
CM1 now offers the possibility to risk manage addresses in vulnerable areas.
Contact CM1 for the Particularly Vulnerable Areas service in the risk engine.
Read more here:
In cases where you identify suspected money laundering or terrorist financing that should be reported, you can create reporting files directly in CM1 for transfer to the FIU’s goAML system.
Pattern recognition analyzes customer transaction data to find new suspicious transaction patterns. Accepted scientific models are used to ‘train’ the pattern recognition platform. Both supervised and unsupervised self-learning machine learning is used. We customize the model based on each individual client’s perspective and needs.
Criminals are constantly finding new ways to circumvent reactive transaction monitoring. With our service, we can catch new behaviors faster.
With CM1, we now have the opportunity to build a self-learning, cost-effective and scalable solution for advanced and proactive transaction monitoring. The analysis includes identification of anomalous patterns, time series, frequency and cluster analysis.
CM1 supports you throughout the whole journey: development, sales, implementation and support. With our many years of experience and expertise, you get support and guidance throughout the whole AML process. We have extensive experience of both national and international implementations from large and small companies and organizations. With us, you are safe throughout the entire process.
