Geneva-based Amas Bank is installing NetEconomy's Erase system to comply with the Swiss Federal Banking Commission's (EBK) anti-money laundering regulations.
Erase helps firms comply with AML regulations by automating all compliance procedures.
Mr Hanna, COO at Amas, says the Erase system will be connected to the Amas' banking platform, Olympic.
"Its comprehensive approach to anti-money laundering and intuitive user-friendly interface will allow our compliance team to benefit from increased productivity and efficiency," he adds.
Duco de Lange, NetEconomy sales manager, says Swiss banks are under a lot of pressure to comply with the EBK's AML rules by the summer. Dexia Private Bank Switzerland (DPBS) has already deployed the system to comply with both local and international regulations.