Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Bank of Ceylon extends anti-money laundering contract with Callcredit Group
Mon, Sep 1, 2014, 11:49 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 01, London: The Bank of Ceylon (UK) Ltd, a subsidiary of Sri Lanka's largest bank, Bank of Ceylon, has signed a new contract with Callcredit Information Group which will help prevent money laundering and assist in meeting with regulatory compliance.

Bank of Ceylon (UK) has extended its contract to use Callcredit's customer identity verification service CallML, which has been recognized by the Joint Money Laundering Steering Group, a statement said.

The contract extension means The Bank of Ceylon (UK) will continue to have access to Callcredit's range of independent data sources enabling a simple pass/refer decision based on the bank's chosen data sources and logic.

Sam Ahangama, head of compliance at the Bank of Ceylon (UK), said: "Callcredit has an unrivalled understanding of the financial services sector in relation to the prevention of financial crime. By using CallML it has helped us simplify the process of achieving regulatory compliance and mitigating any financial risk."

"All of this has been achieved with no intrusion on our customers during the application process, enabling a faster, paperless customer 'take on' whilst reducing any potential money laundering or fraud, as a result we are delighted to continue our work with Callcredit."

Peter Mansfield, managing director of Callcredit, said: "It is a pleasure to continue our work with The Bank of Ceylon (UK) Ltd. We have been helping the bank for a number of years make better informed decisions about its customers whilst protecting it from potential money launderers and fraudsters and we look forward to continuing to provide this service in future years to come."

ColomboPage - Recent 10 Stories
United States to assist Sri Lanka in landslide rescue and relief efforts
-- [4 hours ago]
Commonwealth Secretary-General conveys his solidarity and condolences to Sri Lanka
-- [9 hours ago]
Tamil Nadu CM condemns Sri Lankan court's 'unjust' conviction, says evidence fabricated
Sri Lankan court sentences 5 Indian and 3 Sri Lankan fishermen to death for heroin trafficking
Sri Lanka's Opposition Leader to visit landslide affected people tomorrow
Sri Lanka Appellate Court rejects the petition against Tamil National Alliance
Ministry of Health to conduct a census on Sri Lanka's psychiatric patients
Sri Lanka Muslim Congress Supreme Council meets to discuss presidential election
Sri Lanka Catholic Church call upon all Catholics to help the landslide affected people
Sri Lankan President visits landslide affected village

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.