Hummingbird launches AML software
Anti-money laundering
The package does not focus on detecting moneylaunders for filing suspicious activity reports (SARs). Says Ronan Lavelle, a business solutions director at the firm: "We leave that to other bespoke systems" -- although the package does offer an online tool to do this. Instead, he says the Hummingbird system’s strengths are that it builds SARs for banks to file with financial regulators, and the communication of AML report data by firms.
The software tracks records of customers’ identification used
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