Luxembourg-based audit and consulting firm HACA Partners has selected Muinmos’ KYC and AML screening as it seeks to reduce manual processing and apply more consistent risk controls.
The Luxembourg-based audit and consulting firm, which supports more than 500 clients operating internationally will use the technology for checks on its own clients, its clients’ customers and work undertaken through its outsourced regulatory compliance service.
HACA’s previous screening approach included several manual processes and relied partly on individual analyst judgement. As HACA’s screening requirements grew, this made reviews more time-consuming and created a greater risk of inconsistent decisions. The new platform is intended to provide a scalable screening process, configurable risk policies and a complete audit trail for governance and regulatory review.
The system screens against more than 2,200 watchlists covering over 200 jurisdictions. HACA can also apply its own risk-based policies, thresholds and matching parameters rather than relying on standardised screening logic.
Cédric Leroy, Partner, Regulatory & Compliance at HACA, says the decision reflected the provider’s regulatory expertise, screening coverage and integration model. “Our decision to select Muinmos was driven by three converging factors. First, the depth of regulatory and compliance expertise embedded in the Muinmos team gave us confidence that the platform was built by practitioners who understand the real-world constraints of AML/CFT compliance – not just a technology product designed in isolation from regulatory requirements. Secondly, the comprehensiveness of the screening data was decisive, providing a level of coverage that is impossible to replicate manually. Thirdly, and critically for our operational model, the platform can be integrated via a single API into any existing system, CRM or workflow, which means we can embed it seamlessly into our own processes without disrupting existing client-facing operations.”
Copenhagen based Muinmos uses orchestrated artificial intelligence agents and machine learning to triage alerts, enrich screening results and escalate cases requiring attention. Its decisioning capabilities include configurable fuzzy matching, name transliteration, alias detection and date-of-birth checks, while HACA retains control over its compliance process.
The platform is also designed to respond automatically to changes in watchlists, rules and risk signals. This is particularly relevant to targeted financial sanctions, where firms may need to reflect changes quickly without waiting for manual system updates.
Remonda Kirketerp-Møller, Founder and CEO of Muinmos, described HACA Partners as an early adopter of AI-enabled compliance within a traditionally cautious sector. She said the firm’s approach is intended to strengthen compliance processes, improve client service and support business growth, while reflecting a shared emphasis on governance and regulatory rigour. “We are excited about the value we can add to HACA’s business, locally and globally, through our automated KYC/AML platform.”
Muinmos says its screening agent can reduce false positives by 76%. The company also reports onboarding times of up to 96% faster and a 32% reduction in onboarding-related expenses across its client base. HACA expects the deployment to improve screening responsiveness and reduce the volume of manual reviews, although the announcement does not provide the methodology or baseline used to calculate the performance figures.
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