Bank of Tokyo-Mitsubishi UFJ signs for Actimize AML technology

Bank of Tokyo-Mitsubishi UFJ signs for Actimize AML technology

Japan's Bank of Tokyo-Mitsubishi UFJ is implementing anti-money laundering (AML) technology supplied by Actimize.

Actimize says the Japanese bank required a system capable of monitoring transactions from branches and subsidiaries around the world that could be integrated with existing detection and investigation tools.

The vendor says its technology offers Web-based case management, an intuitive and collaborative investigative environment, customisable workflows, alert management and reporting and audit trails.

Commenting on the implementation, Toshiyasu Terao, chief manager, global compliance division, Bank of Tokyo-Mitsubishi UFJ, says: "Actimize proved that its AML solution can accurately identify transactions that Japan's Financial Services Authority deem 'suspicious' and can integrate quickly with our environment."

Actimize was bought last year by Israel-based Nice Systems in a deal worth around $280 million.

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