Unity Trust Bank tackles money laundering with SAS
22 November 2002 | 3880 views | 0
Unity Trust Bank, a UK-based institution serving trade unions, charities and voluntary organisations, is to implement an anti-money laundering system from SAS.
Business intelligence vendor SAS says its system will enable the bank to prevent, detect and report money laundering and meet regulatory requirements set out by the Financial Services Authority and the British Bankers Association.
Neil Hartley, head of internal audit and compliance, Unity Trust Bank, adds: "With SAS we can focus on suspicious behaviour rather than suspicious transactions. This in turn lets us concentrate our resources on investigation and action, rather than detection."