 |
|
Photo: National Banks Senior Manager for Internal Audit, Compliance and Enforcement, Donald Thompson (Photo by Erasmus Williams) |
BASSETERRE, ST. KITTS, JUNE 7TH 2006 -The St. Kitts-Nevis-Anguilla National Bank Ltd. (National Bank) has chosen Haydrian Corporation's XM3 for its Anti Money Laundering (AML) and compliance programmes.
This is according to a media release issued on behalf of Haydrian Corporation, which quotes National Bank's Senior Manager for Internal Audit, Compliance and Enforcement, Donald Thompson, as saying that the Bank reviewed several AML solutions mainly by viewing online demonstrations of the features each solution had to offer.
"In addition, we conducted a limited amount of due diligence on the companies offering the solutions. These were conducted mainly through the public domain. The personnel behind the products were also very important to us as well and so we did a careful review of the biographies of the principal persons driving the companies. At the end of this process, we felt confident we would have a solution which closely meets our compliance objectives," said Thompson.
XM3 is a world-class, first tier AML monitoring and compliance solution designed by industry leaders in the areas of AML detection, risk management, modeling human behavior, pattern recognition and information technology. XM3 is designed to be extremely accurate, fast, reliable, secure, easy to deploy and reusable in any variety of environments.
Haydrian's Vice President for Latin America and Caribbean operations, Alex Logan said that throughout their discussions with the St. Kitts-Nevis-Anguilla National Bank, its executives have always demonstrated the recognition that money laundering is a worldwide problem which can be assailed more effectively by joining forces with a solution provider who has a global vision like Haydrian.
"We are delighted to have them as a customer," said Logan.
National Bank, which is this year celebrating its 35th Anniversary in the banking industry, is a leading financial institution in the Federation of St. Kitts and Nevis.
The bank demonstrates a strong commitment to the social and economic development of the Federation through a variety of educational, community development, sponsorships and service programs; always maintaining a strong sense of community.
National Bank strives to have the reputation on the national and regional level of providing the highest quality financial services and products at competitive prices and is dedicated not only to offering the very best in every aspect of personal and business banking to each of its customers, but also to improving the communities in which it does business.
