Dec.27, 2009, 14:47

Bank Hapoalim (TASE: POLI) has upgraded its anti-money laundering system, bringing online new oversight software for identifying extraordinary activity. The system will focus on activity at the bank's foreign branches, international banking activity, bank accounts of foreign residents in Israel, and transactions with Palestinian banks.

Bank Hapoalim recently upgraded its system for comparing names with the international alert watch list of high-risk individuals and institutions suspected of money laundering or financing terrorism. Bank Hapoalim's business unit's computerized system for identifying and reporting extraordinary activity has also come online.