Published 10 May 2011

http://riskmanagement.banking-business-review.com/news/bank-of-jordan-implements-eastnets-anti-money-laundering-solutions-100511

Bank of Jordan has implemented EastNets' en.SafeWatch Filtering and en.SafeWatch Profiling anti-money laundering (AML) solutions.

EastNets claims that its AML solutions will enhance Bank of Jordan's internal procedures to adhere to the strict financial regulations and instructions being imposed by the Central Bank of Jordan's Anti-Money Laundering and Terrorism Financing Unit.

en.SafeWatch Filtering provides a central monitoring point for automated AML checking of an organization's financial traffic across all data formats, while en.SafeWatch Profiling is a central data processing, trend analysis and suspicious behavior identification engine.

en.SafeWatch Profiling supports advanced customer and account profiling, risk score management, critical point identification and peer group analysis, know your customer (KYC) controls, case management, and regulatory reporting.

Bank of Jordan CEO for Risk and Compliance Dept Saleh Rajab said Bank of Jordan has selected EastNets' premier anti-money laundering solutions due to its knowledgeable and highly responsive implementation team as well as the flexibility and ease of use of the solutions.

"With en.SafeWatch solutions, our bank will have a user-friendly and robust anti-money laundering environment without undermining the level of services offered to clients," Rajab added.