Tonbeller’s consultants developed and delivered the solution from project initiation to ‘go-live’ implementation for each of Bank of Tokyo-Mitsubishi UFJ offices in Austria, Belgium, Czech Republic, France, Germany, Spain, The Netherlands and UK.
Shoji Horie, senior manager of global compliance division at BTMU, said: “With SironAML in place, we expect the transaction monitoring process to be more customizable, efficient and accurate. The easy-to-use yet comprehensive risk-based approach of SironAML compliments earlier processes at BTMU to provide greater compliance regarding anti-money laundering and counter terrorism financing.
“One of the main benefits of the anti-money laundering solution from Tonbeller is an user-friendly interface for quick and easy generation or maintenance of research scenarios, which can be easily handled by the AML/compliance officers themselves. This helps BTMU to reduce false-positives without spending additional expenses for external consultancy in order to adjust the system.”
Torsten Mayer, member of the board at Tonebeller, said: “our ultimate goal is to create a positive, long-lasting relationship with our customers which is build up on the success of both companies. That is what we have achieved together with Bank of Tokyo-Mitsubishi UFJ.”
