EastNets, a leading provider of global compliance and payment solutions, has signed an agreement with Capital Bank of Jordan to provide watchlist filtering and anti-money laundering control solutions.

“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,” stated Haytham Kamhiyah, general manager, Capital Bank.

“With this agreement, Capital Bank of Jordan is taking a vital step towards promoting and developing risk protection against money laundering and to address tightened regulatory controls,” said Hazem Mulhim, chief, EastNets.

Under the terms of the agreement, EastNets will commence implementation of many effective 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.

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.

EastNets en.SafeWatch Filtering solution was ranked by the Celent analyst firm as a leading watch list filtering solution, used today by over 360 customers in 80 countries.-TradeArabia News Service