More NewsMalaysia’s RHB Banking Rolls Out Norkom’s AML Technology

Malaysia's RHB Banking Rolls Out Norkom's AML Technology

The RHB Banking Group, Malaysia’s fourth largest fully-integrated financial services group, has selected Norkom’s anti-money laundering (AML) solution to meet increasingly stringent regulations centred on AML and counter terrorism financing (CTF).

Norkom’s AML solution is designed to help financial institutions to detect and prevent money laundering and the financing of terrorism by enabling the bank to monitor and analyse every transaction and customer interaction across its entire customer base for suspicious activity. When suspicious activity is identified, the solution automatically issues prioritised alerts to a team of investigators, commencing a comprehensive, step-by-step investigation process specifically designed to uncover potential criminal behaviour as quickly as possible.

Dato’ Tajuddin Atan, group managing director of the RHB Banking Group, said: “We are conscious that the criminals are continually evolving their methods and we need to invest in enhancing our measures to put in place barriers for entry and modern transaction monitoring capabilities.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi