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Bank to Deploy AML-Reporter, DNFS & WorldCompliance to Assist in Anti-Money Laundering Compliance Monitoring Efforts

BEIRUT, LEBANON, September 22, 2005 – IDOM Middle East, LLC, (IDOM) (www.idom-me.com), a leading provider of regulatory compliance expertise and related business automation solutions, is very pleased to announce their newest client, Lebanese Canadian Bank. The Bank, which is headquartered in Beirut, Lebanon, will deploy IDOM’s anti-money laundering solutions: AML-Reporter, DNFS and on-line and off-line subscriptions to WorldCompliance’s KYC/Due Diligence database. Implementation of these software solutions will be coordinated by IDOM’s local business support office within the Middle East, Amerab Business Solutions sal (ABS).

Mr. Georges Zard Abou Jaoudé, Chairman at Lebanese Canadian Bank, stated, “We are committed to complying with local SIC anti-money laundering requirements, in addition to our own internal AML policies. After the evaluation of several options, we have selected to partner with IDOM Middle East as we expand our domestic and international business. The addition of these automated AML solutions will facilitate our current monitoring efforts and increase our efficiency as expected in today’s regulatory environment. We look forward to working with the team from IDOM & ABS to implement these solutions as soon as possible.”

The AML-Reporter software solution is an extremely efficient tool for the detection of suspicious activity. The DNFS software solution facilitates the filtering of Black/Watch listed names provided by subscription to WorldCompliance’s powerful and up to date KYC/Watch List database of potentially high-risk individuals and entities. The combination of software solutions are used by financial institutions to monitor activity and reduce their risk to the exposure of money laundering and also serve to support the bank’s AML & KYC policies. The AML-Reporter & DNFS software solutions retain internal audit trails to record the bank’s compliance efforts. This unique feature serves to support bank audit requirements, as well as compliance expectations from regulatory authorities. In essence, AML-Reporter, DNFS, and WorldCompliance are designed to assist banks in monitoring the implementation of international anti-money laundering recommendations endorsed by MENAFATF (Middle East North Africa Financial Action Task Force), Basel Committee, as well as compliance requirements imposed by the Central Banks' local anti-money laundering regulations.

Mr. Fakhruddin Khalil, Chairman of IDOM Middle East & ABS, relayed, “We welcome Lebanese Canadian Bank to our growing and distinctive customer base that are already benefiting from our leading-edge compliance solutions. Our expertise and commitment can be counted upon to support the bank’s current and future expansion plans. We look forward to a long relationship with the bank providing professional AML compliance support services through the combined offerings from IDOM and ABS.”

About IDOM Middle East, LLC and ABS

IDOM Middle East’s complete array of regulatory expertise and automation offerings provides the perfect solution to further assist financial institutions in their effort to comply with regulatory requirements. IDOM Middle East’s senior management consists of Mr. Fakhruddin Khalil, Chairman, and Managing Directors, Mr. Stephen Codignotto, Mr. Haytham Khalil and Mr. Vincent Raniere. Amerab Business Solutions, sal (ABS), is the local support office of IDOM Middle East, LLC. ABS is strategically located at Liberty Tower in Hamra, Beirut, Lebanon and is within easy reach of the capital's prestigious banking community. IDOM is an authorized reseller of AML-Reporter and DNFS, which are owned by Genie Software Inc. For more information on IDOM Middle East’s and ABS’ products and services please contact the sales department at info@amerabsolutions.com, +96 1 1 744797 or visit the web site at www.idom-me.com.

About WorldCompliance

WorldCompliance is operated by World Compliance Inc. headquartered in the US. WorldCompliance’s database contains information on more than 800,000 known or suspected terrorists, money launderers, narcotics traffickers, fraudsters and other white-collar criminals, as well as PEPs (Politically Exposed Persons) and their family members and close associates. The database contains proprietary investigative research, government sanctions, regulatory warnings and criminal indictments. For more information, please visit www.worldcompliance.com.
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