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Fundtech Introduces Anti-Money Laundering System

Monday 13 October 2003 17:22 CET | News

Fundtech has introduced AML Manager. The product will provide financial institutions with an enterprise-wide system that will deliver consistent and highly automated compliance with international banking regulations related to anti-money laundering, such as the USA Patriot Act.

Fundtechs AML Manager integrates three major components to form the most complete product of its kind: OFAC Module, Suspicious Activity Module and Know-Your-Customer Module. Together these components enable financial institutions to detect, analyze and report suspicious activities transacted by their customers, and can automatically file the necessary reports with the various regulatory agencies. Currently many financial institutions have multiple compliance systems that are incompatible and inefficient. AML Manager is designed to be a single compliance platform for the entire enterprise, providing consistent enforcement and operating efficiencies.


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Categories: Payments & Commerce
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Countries: World
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Payments & Commerce