Accuity and State Bank of India (SBI), the largest commercial bank in India and a Fortune 500 company, were last week announced the winner of the Anti-Money Laundering Technology Implementation of the Year in the 2016 Asian Banker Awards.
Thanks to the project, SBI can now be confident that goods that are traded for illicit purposes will be flagged as part of its screening processes by personnel trained by Accuity, who have decision making powers at the local level to escalate suspicious trades as they discover them. SBI has not only enhanced its capability to prevent trade-based money laundering but also improved its operational efficiency.
The award was given in recognition of a project to help SBI prevent trade-based money laundering across its branches in 20 countries.
Go to www.accuity.com for the full story.