For the first time in the region SafeWatch Profiling system will be applied in the work of PASHA Bank

Introduction of SafeWatch Profiling (component solutions Anti-Money Laundering Solutions), for the first time in the region is expected to be the work of one of the largest banks in Azerbaijan - PASHA Bank. The system is designed to solve analytical problems related to anti-money-laundering operations, including creating customer profiles, monitoring customer transactions and obtaining statements, setting the parameter. This modular solution that supports the ability to integrate with a variety of banking applications will help in the collection of all the data in one registry, which allows for a comprehensive analysis of all possible risks. 

According to the Head of Department Compliance PASHA Bank Anar Karimov, at the end of last year, PASHA Bank held meetings with representatives of the developer of the system - the company EastNets, then their distributors in the CIS - the company ProFIX. "Relevant agreement to acquire licenses and system integration SafeWatch Profiling between the parties was signed on 27 December. Integration and commissioning of the system in the PASHA Bank is tentatively expected before the end of the first half of 2013 ", - said A. Karimov. 

Recall that in late 2011 PASHA Bank was the first bank in Azerbaijan that applied for the implementation of international and national legislation in the sphere of combating money laundering and modern complex solutions SafeWatch Filtering. The different modules of the program in online mode to filter data, transactions and files containing data that match the records of international "black list" - FATF / GAFI, EU, UN, OFAC, etc. 

JSC PASHA Bank was created in June of 2007 and operates under license number 250 of the Central Bank of Azerbaijan Republic dated 28 November of 2007. Its primary objective is to strengthen leadership in the corporate customer service, quality improvement of business on priorities, strategy, as well as the creation and continued development of long-term and trusting relationship. -15D -