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Bank of Jordan selects EastNets AML solutions

Bank deploys EastNets anti-money laundering technology

The solution will assist Bank of Jordan in being compliant with central bank regulations, says Mulhim.
The solution will assist Bank of Jordan in being compliant with central bank regulations, says Mulhim.

The Bank of Jordan has deployed anti-money laundering solutions from EastNets to help improve its compliance with banking regulations.

The bank, which has headquarters in Amman, has implemented EastNets' en.SafeWatch Filtering and en.SafeWatch Profiling anti-money laundering (AML) solutions, which will improve its internal processes and bring it into compliance with regulations being imposed by the Central Bank of Jordan's Anti-Money Laundering and Terrorism Financing Unit.

The en.SafeWatch Filtering solution provides a central monitoring point to automate checking of all financial traffic within an organisation across all formats. The en.SafeWatch Profiling solution is a central data processing, trend analysis and suspicious behaviour identification engine, which 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 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," said Saleh Rajab, CEO, Risk and Compliance Dept., Bank of Jordan. "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."

"EastNets is pleased to add Bank of Jordan to our growing roster of customers. With the implementation of EastNets anti-money laundering solutions, we look forward to helping the Bank of Jordan enhance risk protection, improve anti-money laundering controls and ensure full compliance with Central Bank regulations," said Hazem Mulhim, CEO, EastNets.

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