CYBERA, the leading provider of advanced cybercrime reporting and prevention solutions announces a strategic partnership with LGT Private Banking, a leading international private bank owned by the Princely Family of Liechtenstein.
CYBERA, the leading provider of advanced cybercrime reporting and prevention solutions announces today a strategic partnership with LGT Private Banking, a leading international private bank owned by the Princely Family of Liechtenstein.
Recognizing the need to continually enhance their anti-money laundering (AML) controls to protect their customers, LGT sought out a robust solution to fortify their security measures. After a rigorous selection process, the CYBERA WATCHLIST™ was chosen as the optimal solution to augment LGT’s AML initiatives.
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“We are delighted to be working with CYBERA,” said Daniel Baumann, Head Payment Services at LGT. “Their unique dataset, derived primarily from CYBERA VSR™ fraud and scam reports, enables us to enrich our financial crime and fraud detection systems, reinforcing our commitment to ensuring the highest levels of security for our customers.”
CYBERA WATCHLIST™ provides its customers with high quality data points, including details of known mule accounts and Omnibus Accounts involved in fraudulent transactions. It offers them significant benefits, in particular improved ongoing due diligence, enhanced monitoring of inbound and outbound financial crime transactions, and enhanced network analysis with data on known fraudulent entities.
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“We are proud to be partnering with LGT, a globally recognized banking institution,” said Claudio Staub, Co-Founder at CYBERA. “Our solution aims to not only strengthen LGT’s current AML strategies but also prepare them for future developments, such as the anticipated launch of Instant Payments in 2024.”
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