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BoCom to boost anti-money laundering services with NICE Actimize

Friday 26 January 2018 13:46 CET | News

Bank of Communications New York has selected NICE Actimize to implement a unified financial crime platform initially focused on boosting anti-money laundering and customer due diligence solutions.

The implementation will include NICE Actimize’s Suspicious Activity Monitoring (SAM) for correspondent and wholesale banking, Customer Due Diligence (CDD) and Watch List Filtering solutions. The functionality for CDD supports the complete lifecycle assessment and re-assessment of customer risk as part of Know Your Customer (KYC) regulatory requirements including complex beneficial ownership structures.

NICE Actimize is a NICE subsidiary and a provider of a single financial crime, risk and compliance software platform for the financial services industry.


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Keywords: Bank of Communications, AML, KYC, NICE Actimize, financial crime, partnership
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime