The Bank of Tokyo-Mitsubishi UFJ, Ltd. and TONBELLER tackle money laundering | FICO TONBELLER

The Bank of Tokyo-Mitsubishi UFJ, Ltd. and TONBELLER tackle money laundering

Tokyo, Bensheim, 17 March 2010 – TONBELLER, a leading provider of financial crime prevention solutions, has announced a successful implementation of its flagship product Siron®AML at The Bank of Tokyo Mitsubishi UFJ, Ltd. (BTMU) offices outside of Japan. Siron®AML forms the backbone of BTMU's strategy to fight anti-money laundering (AML), protect the organization from reputational damage and to comply with the increasing national and international regulations.

"We chose TONBELLER's Siron®AML for the proven track record it has with some of the world's largest and most-respected financial services firms. Anti-Money Laundering has become a top-priority for the Bank of Tokyo-Mitsubishi UFJ over the last few years. We needed a service provider who could provide the skills, experience, and tools to help our organization derive the maximum value from our financial crime prevention investments," says Shoji Horie, Senior Manager of Global Compliance Division at BTMU.

According to Shoji Horie, "With Siron®AML in place, we expect the transaction monitoring process to be more customizable, efficient and accurate. The easy-to-use yet comprehensive risk-based approach of Siron®AML compliments earlier processes at BTMU to provide greater compliance regarding anti-money laundering and counter terrorism financing. One of the main benefits of the anti-money laundering solution from TONBELLER is an user-friendly interface for quick and easy generation or maintenance of research scenarios, which can be easily handled by the AML/compliance officers themselves. This helps BTMU to reduce false-positives without spending additional expenses for external consultancy in order to adjust the system."

TONBELLER's experienced consultants rapidly developed and delivered the solution from project initiation to "go-live" implementation for each of Bank of Tokyo-Mitsubishi UFJ offices in Austria, Belgium, Czech Republic, France, Germany, Spain, The Netherlands and UK. "The team was extremely professional and had unrivalled expertise in fulfilling global regulatory requirements. The close collaboration between Bank of Tokyo-Mitsubishi UFJ and TONBELLER has been mutually beneficial at many levels," says Shoji Horie.

"Only the high commitment of each local office, the excellent interaction between all key players and the high management attention from the headquarter of Bank of Tokyo-Mitsubishi UFJ could guarantee such a success," explains Torsten Mayer, member of the board at TONBELLER AG. He adds, "our ultimate goal is to create a positive, long-lasting relationship with our customers which is build up on the success of both companies. That is what we have achieved together with Bank of Tokyo-Mitsubishi UFJ." 

About The Bank of Tokyo Mitsubishi UFJ, Ltd. (www.bk.mufg.jp)
Bank of Tokyo-Mitsubishi UFJ, a subsidiary of Mitsubishi UFJ Financial Group, is Japan's leading commercial banking organization, providing a broad range of domestic and international banking services in Japan and around the world. The bank has approximately 800 branches in Japan and 76 offices overseas, spanning Asia, The Americas, Europe, the Middle East and Africa.

About TONBELLER (www.tonbeller.com)
TONBELLER is the leading provider of financial crime prevention and compliance software to the global financial services industry and has been established in 1971 in Germany. Every day, in over 45 countries worldwide more than 750 customers rely on TONBELLER's financial solutions and services to support their business.

Quelle: TBAG
Autor: BH