Thomson Reuters GRC Helps Ziraat Bank Re-enforce Commitment to Secure Transactions
(Thomson Reuters ONE) -
Thomson Reuters Accelus strengthens AML policy at Turkey's largest bank
LONDON, Sept. 28, 2011 - T.C. Ziraat Bankasi A.S., the largest and oldest bank
in Turkey, has engaged Thomson Reuters Governance, Risk and Compliance
(accelus.thomsonreuters.com) to strengthen its anti-money laundering and
customer screening processes. T.C. Ziraat Bankasi A.S. is Turkey's leading bank
with more than 20,000 employees and 1,247 branches worldwide.
Ziraat has integrated the Screening Data Feed from the Thomson Reuters Accelus
suite of solutions into its Anti-Money Laundering banking systems. This data,
used to screen the bank's potential customers, includes restricted, sanctioned
and prohibited people and entities, as well as individuals deemed as
'Politically Exposed Persons' (PEP). Although PEP screening is not currently a
legal requirement in Turkey, there is a growing trend for companies in the
region to adopt the technology, as banks globally look to establish and maintain
best practice Anti-Money Laundering processes across their operations.
"Ziraat is delighted to be working with Thomson Reuters as a trusted partner in
delivering comprehensive screening data that will deliver the best level of
protection to our business," said Cem Tahir Berik, head of compliance at Ziraat.
"It gives us the scope to follow international best standards in terms of our
sanctions, enforcement and AML policy, and will enable us to respond quickly and
effectively in line with risk."
"We selected the Accelus product as we believe it is best of breed," continued
Berik, "providing us with the best service and the most comprehensive and
accurate data available."
"With increased global regulatory focus on AML and counter-terrorist practices,
together with a rapidly changing regulatory and political landscape, it is vital
for our customers to be able to protect their businesses as well as their
reputation, and to respond appropriately to the risks presented to their
business," said Leas Bachatene, Thomson Reuters Governance, Risk and Compliance
vice president and managing director for Middle East, Africa and Asia. "Thomson
Reuters Accelus lets them do this, establishing the dynamic connections they
need between the external regulatory drivers and data, and their own internal
business operations, helping them manage their risk exposure and accelerate
their business at every step."
###
Thomson Reuters Governance, Risk and Compliance
Through the Thomson Reuters Accelus suite of products, the Governance, Risk &
Compliance business dynamically connects business transactions, strategy, and
operations to the ever-changing regulatory environment, providing highly
regulated firms with informed outcomes.
Thomson Reuters Accelus is a comprehensive suite of solutions specifically built
to address the governance, risk and compliance challenges faced by the board
room, and their legal, compliance, audit, and risk management professionals.
Comprising leading solutions provided by the heritage businesses of Complinet,
Oden, Paisley, World-Check, West's Capitol Watch, Westlaw Compliance Advisor,
Westlaw Business and EDGARfilings.
Thomson Reuters Accelus helps customers manage their risk exposure and
accelerate their business at every step. For more information, visit:
accelus.thomsonreuters.com
Thomson Reuters
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Unternehmensinformation / Kurzprofil:
Datum: 28.09.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 69782
Anzahl Zeichen: 5203
contact information:
Kategorie:
Business News
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