Stockholm-based bank, Handelsbanken, has signed up for TietoEnator’s financial sanctions tool, ProScan, for the purpose of scanning and filtering transactions and customer records on terrorist financing activities. “Ensuring compliance with international and domestic regulations to identify suspect payment transactions and customer records has been given very high attention and priority in our bank”, says Lars Herslöf, product manager, cross-border payments, Handelsbanken. “We will start using ProScan to scan online payment transactions to and from the bank. We will also, in the near future, continue with scanning of our customer records on a regular basis. Initially we will implement ProScan for the Swedish transactions, but the solution will allow Handelsbanken to add scanning for our foreign branches as well.” The first phase delivery in June 2005 will cover functions for watch list updates and on-line/real-time scanning of Swift payments. The second phase delivery in September 2005 will cover remaining functions for scanning of customer records and online web-queries.
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