Arab Bank subscribes to World-Check online and data file services

Source: World-Check

Arab Bank is using open source intelligence service from London-based World-Check to mitigate compliance risk across its operations internationally.

Committed to ensuring the continual enhancement of its regulatory compliance program, Arab Bank recently retained World-Check Online and Data-File services to assist in identifying high risk individuals and entities.

Arab Bank Global Director of Group Regulatory Compliance Mohammed Dabbour, said "Utilizing World-Check serves to further strengthen the Bank's existing compliance practices including the ability to detect and investigate suspicious activity." He added: "Arab Bank recognizes World-Check as the industry pioneer and global leader in providing structured, risk related intelligence."

World-Check CEO and Founder David Leppan said "By providing our services to the leading banks like Arab Bank, our message is clear: We will continue to look for innovative ways to enhance risk mitigation for our clients and their financial institutions. While this involves constant developments and support on our part, it is indicative of the type of effort World-Check makes every day to help our clients address their ever stricter regulatory, business and reputation needs."

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