French bank Credit Agricole Indosuez and London-based Standard Chartered Bank are to install Americas Software's Assist/customerknowledge money-launding detection system.
The installations automate existing control procedures and allows the banks to systematically monitor, detect, investigate and report suspicious activity, including money laundering, as well as comply with international anti-terrorism legislation.
The Miami-based company's Assist/customerknowledge product analyses how money moves in, around and out of financial institutions by profiling account activities and monitoring transaction trends.