Case Study: Freetrade achieves more efficient ongoing customer screening with ComplyAdvantage

Freetrade reduces false positives by 50% with ComplyAdvantage

Freetrade, an investment company authorized by the UK's FCA and Sweden's FSA, needed to implement a more rigorous ongoing customer screening process to support its global growth and ensure compliance. Their existing provider lacked the flexibility required for this enhanced monitoring. To meet this challenge, Freetrade partnered with ComplyAdvantage for its screening and monitoring services.

ComplyAdvantage provided a flexible, tailored screening solution with high-quality, up-to-date global sanctions and PEP data, which included the ability to screen relatives and close associates. This partnership resulted in a 50% reduction in false positives, allowing Freetrade to better manage its financial crime team's resources. The vendor's proactive support and customer success management were also integral to helping the company scale efficiently.

Freetrade