Our services

Screening, KYC & Risk classification

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:

KYC

Taxed income

Information that contributes to increased customer knowledge

• With the help of the additional service Taxed income, you get access to the information about declared income.
• The data on declared income can be collected automatically and will be presented as a range
• The information can be used as supplementary customer knowledge and can be used in both risk assessment and transaction monitoring
• Taxed income can be retrieved both by month and by year to obtain relevant comparative values ​​to use in different types of rules that look at different time periods.

Taxed income is shown in intervals for the periods you choose

• The range is divided into two separate parameters with a minimum value and a maximum value
• With separated parameters with fixed values, they can be directly used as comparison values ​​in transaction rules
• It is also easier to use in the risk engine where the risk score can be defined as a range, which is then compared to the fixed value in the selected parameter.

Connection to Mekanismen

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.

Reporting files from CM1 to the Financial Intelligence Unit’s goAML

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.

Consulting, support & CM1 Academy

In addition to consulting and support, the service also includes training and the opportunity to exchange experiences through CM1 Academy

As a CM1 customer you will be invited participate in CM1 Academy. This includes annual basic training and advanced courses. There is also an administrative group in CM1 Academy where, in addition to the CM1 content, you will have the opportunity to exchange experiences, problems and solutions with other customers.

The support function provides you with administrative support and support for your enterprise customers, if you so wish. It is common for our customers to also request various forms of IT consulting, which we are happy to offer.

Pattern recognition with AI

Award-winning AI machine learning service detects suspicious transactions that would otherwise slip under the radar.

Our new, proactive and award-winning service for transaction monitoring, CM1 ML, is now revolutionising the industry using AI. It harnesses pattern recognition to analyse the customer’s transaction data in order to find new suspicious transaction patterns. The pattern recognition platform has been trained on generally accepted scientific models. This process uses both supervised and unsupervised self-learning machine learning.

Criminal operators are constantly finding new ways to circumvent reactive transaction monitoring. Our new AI service allows us to capture new behaviours more quickly. In collaboration with two major industry players, we now have a scalable add-on service which is able to capture previously unknown transaction patterns with the help of AI. CM1 ML has proven that it is possible to build a self-learning, cost-effective, scalable AI solution for advanced, proactive transaction monitoring. The analysis includes abnormal pattern identification, as well as time series, frequency and cluster analysis.

Areas that were previously hard to monitor include SWISH and card transactions. By applying the service to these areas, our partners have been able to identify suspected money-laundering patterns that were previously unknown.