Eurohypo to automate compliance requirements
LUXEMBOURG – Eurohypo, a Luxembourg-based specialist bank for real estate and public finance, is to automate its US regulatory compliance requirements by implementing Prime Associates' Compliance Manager system.
Compliance Manager, an integrated suite of software products, enables financial services institutions to filter and review their customers' transactions for sanctioned party violations. It facilitates suspicious activity detection and provides an automated solution for filing the necessary regulatory reports with the appropriate regulatory agencies (such as FinCEN).
In addition, it assists financial institutions in complying with the USA Patriot Act through customer identity verification and
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