NetEconomy, a provider of financial crime management and compliance solutions, has announced that Banque AGF, a France-based retail bank, has selected its Compliance Manager anti-money laundering solution to improve and streamline suspicious activity detection, analysis and regulatory reporting.
NetEconomy’s Compliance Manager Solution will monitor and profile all of Banque AGF’s customers and transactions to detect unusual activity, and provide analysis tools and an integrated case management system for storing suspicious activity evidence and generating required regulatory reports.
Martine Protat, compliance manager of Banque AGF, said: Banque AGF was looking for a user friendly and easily deployable automated anti-money laundering system that could meet our immediate AML needs today, but also provide the flexibility and capability to extend to other product lines and financial crime areas in the future. After a thorough evaluation process, NetEconomy was selected because it represented the most effective solution to meet these requirements. By being able to leverage the NetEconomy AML system for our insurance business, AGF will better be able to protect our customers and mitigate financial crime across our financial institution.