Luxembourg-based audit and compliance firm HACA Partners deployed Muinmos' AI-powered KYC platform to automate customer screening and anti-money laundering processes, replacing manual compliance workflows with technology designed to reduce false positives by 76%. The deployment reflects a wider transformation across financial services as compliance teams increasingly adopt artificial intelligence to manage growing regulatory complexity. HACA, which supports more than 500 clients operating internationally, said its previous screening processes relied heavily on manual reviews that became difficult to scale as regulatory obligations expanded across multiple jurisdictions.
HACA Partners Replaces Manual Reviews With AI-Orchestrated Screening
Under the agreement, HACA will deploy Muinmos' automated KYC and AML platform across its compliance operations. The system combines AI-orchestrated screening with lifecycle management, allowing HACA to perform customer due diligence on its own clients and on clients' counterparties as part of its outsourced compliance services. The platform screens against more than 2,200 global watchlists spanning over 200 jurisdictions while automatically adapting to sanctions updates, rule changes and emerging risk signals.
Muinmos Platform Screens 2,200+ Watchlists Across 200+ Jurisdictions
Unlike traditional rules-based screening engines, the platform incorporates machine learning to triage alerts, enrich case information and escalate only those requiring human review. Additional capabilities include configurable fuzzy matching, alias detection, name transliteration and date-of-birth verification, enabling firms to identify higher-risk matches while reducing unnecessary investigations. The platform integrates through a single API into existing systems.
Platform Reduces False Positives By 76% Using Machine Learning
According to Muinmos, its automated screening agent has demonstrated a 76% reduction in false positives, allowing compliance professionals to spend more time investigating genuine risks instead of reviewing low-quality alerts. The platform has reduced onboarding times by as much as 96% while lowering onboarding-related expenses by up to 32% across existing clients. The system continuously updates screening information as watchlists change, reducing operational risk associated with delayed sanctions updates.
HACA Partners Cites Regulatory Expertise As Key Selection Factor
Cédric Leroy, Partner, Regulatory & Compliance at HACA Partners, said the firm's 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," Leroy said. He also highlighted the platform's comprehensive global screening data and its ability to integrate into existing workflows through a single API without disrupting client-facing operations. According to HACA, Muinmos' ability to apply configurable risk policies rather than fixed screening logic was a key factor in its selection, allowing the firm to tailor compliance decisions according to different client types, jurisdictions and regulatory requirements.
Compliance Teams Face Growing Regulatory Pressure
Financial institutions have faced steadily increasing compliance obligations in recent years as sanctions regimes expand, anti-money laundering requirements become more stringent and regulators demand stronger evidence supporting customer due diligence decisions. Those requirements have significantly increased the volume of alerts generated by conventional screening systems, many of which prove to be false positives requiring manual investigation. Reducing that operational burden has become one of the primary applications of artificial intelligence within compliance departments.
Muinmos CEO Highlights Industry Shift Toward AI Compliance
Founder and Chief Executive Remonda Kirketerp-Møller said HACA's adoption demonstrates how firms are increasingly using artificial intelligence to strengthen governance while improving operational efficiency. "Their focus on enhancing compliance processes through AI to provide clients with better services and scale their business is exactly the kind of forward-thinking approach the industry needs," Kirketerp-Møller said.
FAQ
What did HACA Partners deploy to automate compliance processes?
HACA Partners deployed Muinmos' AI-powered KYC and AML platform to automate customer screening and anti-money laundering processes, replacing manual compliance workflows. The platform screens against more than 2,200 global watchlists spanning over 200 jurisdictions.
How much did Muinmos reduce false positives for compliance teams?
According to Muinmos, its automated screening agent demonstrated a 76% reduction in false positives, allowing compliance professionals to spend more time investigating genuine risks instead of reviewing low-quality alerts.
Why did HACA Partners select Muinmos over other compliance platforms?
Cédric Leroy, Partner at HACA Partners, cited three factors: the depth of regulatory and compliance expertise embedded in the Muinmos team, the platform's comprehensive global screening data, and its ability to integrate into existing workflows through a single API without disrupting client-facing operations.
