Bank of Jordan adopts EastNets’ Anti-Money Laundering solutions

EastNets, a leading provider of global compliance and payment solutions and services, has announced that the Bank of Jordan has implemented EastNets' en.SafeWatch Filtering and en.SafeWatch Profiling Anti-Money Laundering (AML) solutions. 

Bank of Jordan, which was founded in 1960 and is headquartered in Amman, is one of the largest local commercial banks in Jordan. The bank also owns a variety of distribution outlets, including a network of 89 branches and offices, and a network of 120 ATM systems across Jordan and Palestine, in addition to electronic distribution channels that include phone banking, internet banking, mobile banking, and short message services (SMS). Bank of Jordan is using EastNets' AML solutions in order to enhance its internal procedures to adhere to the strict financial regulations and instructions being imposed by the Central Bank of Jordan's Anti-Money Laundering and Terrorism Financing Unit.   

“Bank of Jordan has selected EastNets’ premier anti-money laundering solutions due to its knowledgeable and highly responsive implementation team as well as the flexibility and ease of use of the solutions,” said Saleh Rajab, CEO, Risk and Compliance Dept., Bank of Jordan. “With en.SafeWatch solutions, our bank will have a user-friendly and robust anti-money laundering environment without undermining the level of services offered to clients.” 

“EastNets is pleased to add Bank of Jordan to our growing roster of customers. With the implementation of EastNets anti-money laundering solutions, we look forward to helping the Bank of Jordan enhance risk protection, improve anti-money laundering controls and ensure full compliance with Central Bank regulations,” said Hazem Mulhim, CEO, EastNets. 

en.SafeWatch Filtering provides a central monitoring point for automated AML checking of an organization’s financial traffic across all data formats, while en.SafeWatch Profiling is a central data processing, trend analysis and suspicious behavior identification engine. en.SafeWatch Profiling supports advanced customer and account profiling, risk score management, critical point identification and peer group analysis, know your customer (KYC) controls, case management, and regulatory reporting. Bank of Jordan joins more than 400 major financial institutions in over 80 countries that are currently using EastNets AML solutions.