MONEY LAUNDERING SOLUTION SOLD TO UKIO BANK (2007.10.23)
UAB "Paspara", representing the global mega company SAS in Lithuania since 1991 and since 2004 in Latvia, sold a fraud and money laundering prevention solution licence, implementation and programme support for over 1 m. LT (US $ 2.6 m.) to Ukio bank in Lithuania. The contract was signed in October, 2007.
By this contract „Paspara“ has taken upon itself an obligation of supplying the complex money laundering prevention and the risky behaviour monitoring and identification and warning system.
„This programme solution by SAS will allow to manage vast amounts of bank transactions data and automatically will identify, classify and alert the bank staff about the suspicious behaviour, that should be scrutinised“, -- commented the contract CEO of „Paspara“ Mr. Petras Moščinskas.
Ukio bank offers a wide range of banking services to individual and corporate clients. It has 12 branch offices and 38 client service outlets in Lithuania as well as three bank representation offices abroad.