Korea Exchange Bank Selects Mantas AML Solution

Korea Exchange Bank has purchased the Mantas anti-money laundering solution. The AML solution was required to meet upcoming Korean AML regulations as well as enable the bank to expand its international business in Asia, Europe and the US. In addition to Korea Exchange Bank, Mantas has seen an increase in new AML customers including FirstBank of Nigeria and Habib Bank in Pakistan. Mantas Anti-Money Laundering mitigates risk with enterprise-wide surveillance of customer, account and transaction information to alert supervisors of suspicious behaviour. The vendor claims that the system’s ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows compliance officers to distinguish fraudulent from legitimate transactions.

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