Norkom Technologies (Norkom) today announced that listed fund manager, Perpetual Limited (Perpetual), has successfully implemented Norkom's 'Know Your Customer' (KYC) / 'Customer Due Diligence' (CDD) and case management solutions to comply with Australia's Anti-Money Laundering and Counter-Terrorism Financing Act.
This is Norkom's first project with a fund management company in Australia.
Norkom's solution will allow Perpetual to 'watch list' check and identify high risk customers for the purposes of collecting additional KYC information or enhanced customer due diligence.
Mr Bruce Quick, Norkom's Director of Sales & Business Development for Asia-Pacific, said, "Norkom's financial crime and compliance solutions will assist Perpetual to meet its regulatory obligations and to execute a risk-based approach to managing its business".
The contract with Perpetual builds on Norkom's ever-increasing presence in Asia-Pacific, which includes clients such as ANZ, St George and Bendigo Bank.