IMX Software has announced that its anti-money laundering (AML) solution for foreign exchange transactions has been deployed across 28 Australian branches of The Change Group. The vendor says that the solution directly addresses recent changes in Australian AML regulation that requires banks and retail outlets to comply with more stringent reporting obligations.
The solution assists with real-time fraud detection at point-of sale and flags and reports suspicious transactions in the format required for national compliance regulations. The turnkey solution is also designed to add compliance functionality to the IMX Foreign Exchange point-of-sale system and is available as both a browser-based and desktop version. The solution can be tailored for various jurisdictions where an organisation may operate and provides visibility across The Change Group’s entire Australian operation, not just a single branch.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more