EastNets, a provider of global compliance and payment solutions and services, has signed an agreement with Capital Bank of Jordan to provide watchlist filtering and anti-money laundering control solutions (en.SafeWatch Filtering and en.SafeWatch Profiling).
Under the terms of the agreement, EastNets will commence implementation of solutions immediately, including en.SafeWatch Filtering, which provides real-time blocking; supports all lists including US Office of Foreign Assets and Control (OFAC) and PEP; provides NACHA IAT screening support; and is SWIFT-certified.
According to EastNets, en.SafeWatch Profiling, which is also being deployed as part of the agreement, provides customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting.
Haytham Kamhiyah, general manager of Capital Bank, said: “We decided to develop our current systems by adopting a new solution which is able to keep pace with developments taking place in the area of compliance, and is in line with the requirements of the Monetary Authority, while complementing the relationship between the banks internally and externally.
“We are confident that the excellent track record of EastNets and its expertise in the field of anti-money laundering solutions will enable us to meet the needs in this area in order to protect our customers and the economy as a whole.”