Hana Bank Introduces Next-Generation 'Overseas Anti-Money Laundering Transaction Monitoring System'
Enhancing Internal Control Systems for Proactive Response to Strengthened Regulations to Secure Global Competitiveness
Improving Efficiency and Productivity of Overseas Stores through Next-Generation ECM Features
[Asia Economy Reporter Sim Nayoung] Hana Bank (CEO Park Seong-ho) announced that it has completed the advancement of the next-generation 'Overseas Anti-Money Laundering (AML)' transaction monitoring system to proactively respond to the strengthening of global anti-money laundering regulations.
Hana Bank, which has expanded into 24 countries worldwide?the most among its peers?began system enhancement work in January last year to proactively respond to strengthened global regulations and improve anti-money laundering and compliance operations at its overseas branches.
Through this next-generation 'Overseas AML System' upgrade, the bank has strengthened monitoring capabilities by expanding scenarios using money laundering typologies, improved the suspicious transaction inspection system at overseas branches through multidimensional analysis, and enhanced RegTech-based monitoring functions such as advanced automated report generation support.
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Additionally, by expanding platform business scope and adding AI and machine learning features, as well as establishing a pre-inspection environment through the introduction of a test system, the bank can effectively respond to the anti-money laundering requirements of local global supervisory authorities.
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