16 October 2017
Find out more

Unity Trust Bank tackles money laundering with SAS

22 November 2002  |  3803 views  |  0 Unity Trust Bank tackles money laundering with SAS

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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SAS launches enterprise risk and Basel II software suite

SAS launches enterprise risk and Basel II software suite

25 September 2002  |  3861 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14291 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13026 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8932 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7835 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7562 views comments | 13 tweets | 13 linkedin

Featured job

circa £250K total package
London

Find your next job