Credit Suisse rolls out Mantas anti-money laundering technology
20 July 2005 | 7733 views | 0
Credit Suisse is implementing anti-money laundering and fraud detection technology from Virginia-based Mantas.
The bank is rolling out Mantas' Anti-Money Laundering software which monitors accounts, customers, and correspondents across business lines for suspicious activities and possible money laundering.
Mantas says the system provides automated surveillance, enabling a global understanding of customer relationships and funds moving into and out of the institution. The application also alerts analysts to detected behaviours and provides a context of business data and historical information with which to streamline analysis and resolution.
Darren Innes, EVP of Emea, Mantas, says the technology "gives Credit Suisse the ability to more effectively manage their compliance operations".