Korea Bank Selects Mantas AML Solution

Korea Exchange Bank has selected the Mantas Anti-Money Laundering Solution to meet upcoming AML regulations and enable the bank to expand its international business in Asia, Europe and US.

According to S Ramakrishan, CEO, Mantas and Reveleus, “Korea Exchange Bank’s requirement to meet local and global AML regulations is indicative of a growing customer segment we serve. We provide a platform approach and offer multiple products, as well and analytics, data mining, and intelligent technologies. The Mantas platform, with its proven ability to meet global regulatory demands and strong double-byte enablement purpose-built to serve the demands of an Asian bank, provides unparalleled ability to future-proof their compliance initiatives and grow their business.”

Mantas Anti-Money Laundering mitigates risk with enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviours. The system’s ability to analyse every transaction and generate risk-based alerts of suspected money laundering activities allows Anti-Money Laundering and compliance officers to distinguish fraudulent from legitimate transactions.