Capital Banking Solutions announced that UR Islamic Bank for Investment has signed for CapitalCompliance, the integrated Compliance platform that prevents money laundry and tax evasion from Capital Banking Solutions.
Latest Fintech Insights: The Dummies Guide to Becoming an NFT Millionaire by Crocs League Founder Doctor Troller
Capital Banking Solutions has been awarded the contract for the deployment of its integrated Anti-money laundering and tax evasion solution named CapitalCompliance at UR Islamic Bank to support the bank’s regulatory compliance requirements in Iraq.
George Ghaoui, Sales Director – Middle East said: “We are thrilled to support UR Islamic Bank to protect its daily compliance operation, from onboarding to KYC Acceptance, transaction monitoring, names screening against sanction lists, tax evasion, detecting suspicious activity and managing investigations”. The timeframe to deliver the full fledge integrated solution is within four months.
Browse The Complete News About Fintech : Rario Launches Marketplace Feature to Allow Users to Buy, Sell and Trade Cricket NFTs
CapitalCompliance automates the monitoring, documentation, analysis and reporting requirements for regulations such as AML, Name Screening, KYC, FATCA and CRS.
Read More About Fintech News : Global X ETFs Launches Blockchain & Bitcoin Strategy ETF (BITS)
[To share your insights with us, please write to sghosh@martechseries.com]
