Abu Dhabi Bank selects Gifts AML technology for Washington branch
GIFTS Software, a leading provider of anti-money laundering, funds transfer, and e-banking solutions, announced today that Abu Dhabi International Bank Inc. has selected its Anti-Money Laundering Solution, GIFTSWEB EDD, for installation in its Washington, D.C. branch.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Paul Campanaro, Vice President, GIFTS Software, said, "We are thrilled to welcome Abu Dhabi International Bank Inc. into the growing global family of GIFTSWEB EDD customers who are successfully using our anti-money laundering solution to stay in compliance with ever-changing federal regulations."
The implementation of the GIFTSWEB EDD Solution will assist Abu Dhabi International Bank Inc. in responding to U.S. Bank Secrecy Act requirements, as amended by the USA Patriot Act of October 26, 2001. Comprised of five powerful modules: Subpoena/Inquiry, Profiler, Patterning, OFAC/Sanction List, and CIP, GIFTSWEB EDD is the solution to "Knowing Your Customer".