Banque AGF France has selected NetEconomy’s Compliance Manager anti-money laundering (AML) application for the detection of suspicious activity, analysis and regulatory reporting.
NetEconomy’s Compliance Manager application will monitor and profile all of Banque AGF’s customers and transactions to detect unusual activity, and provide analysis tools and an integrated case management system for storing suspicious activity evidence and generating required regulatory reports.
“Banque AGF was looking for a user friendly and easily deployable automated anti-money laundering system that could meet our immediate AML needs today, but also provide the flexibility and capability to extend to other product lines and financial crime areas in the future. After a thorough evaluation process, NetEconomy was selected because it represented the most effective solution to meet these requirements. By being able to leverage the NetEconomy AML system for our insurance business, AGF will better be able to protect our customers and mitigate financial crime across our financial institution,” said Martine Protat, compliance manager,Banque AGF.
“By selecting NetEconomy, Banque AGF will benefit from reduced total cost of ownership. Our modular holistic solution can span new geographies, product lines and crime areas for streamlined delivery, reduced compliance costs and enterprise-wide financial crime risk reduction, not only for banking, but also for insurance operations,” says Peter Kwakernaak, chief commercial officer, NetEconomy.