News

ABA Bank chooses Alessa for AML compliance

Wednesday 3 March 2021 12:09 CET | News

Cambodia-based ABA Bank has selected Alessa to provide its transaction monitoring, risk scoring, fraud detection, and regulatory reporting needs to extend its compliance to AML and CFT regulations.

Alessa is used by financial institutions to meet their compliance and fraud prevention needs, being a solution that integrates with the existing infrastructure, and scales with organisations as their size and needs grow.

Cambodia has recently introduced new AML/CFT laws aimed at strengthening deficiencies identified by the Financial Action Task Force. Therefore, ABA Bank’s decision to use Alessa will help them to adapt to these regulations while supporting their digital transformation initiatives.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: AML, banks, regulation, CFT, fraud management, risk management
Categories: Banking & Fintech
Companies:
Countries: Cambodia
This article is part of category

Banking & Fintech






Industry Events