Kuwait International Bank Improves Financial Crime Prevention with Complinet

Published November 4th, 2009 - 09:34 GMT
Kuwait International Bank, one of the leading Islamic banking institutions, has selected Complinet as part of their anti-money laundering and fraud prevention solution.
The Complinet sanctions, enforcements and politically exposed persons data feed integrates and automatically downloads into the bank’s AML system, inproving their ability to detect money laundering and fraud, and reduce risk.
Leas Bachatene, ME and APAC Managing Director at Complinet, said, “I am confident that we are providing the Kuwait International Bank superior and accurate data that they can use to improve their service offering to their clients and reduce the risk to the bank.”
Saleh Mattar Al-Enezi, Head of Anti Money Laundering Unit and Terrorist Financing at Kuwait International Bank said, “We selected Complinet as the provider of our data feed due to the accuracy, scope and coverage of sanctions, enforcements and PEP data. Prior to using the Complinet data feed, much of our work was done manually. Now we can save time and money by automating the process and improving the speed and accuracy in which we do business.”

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