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
Sri Lanka President concerned about escalating terrorism, even in Canada
-- [6 hours ago]
Fire destroys row of shops in Sri Lankan capital
-- [6 hours ago]
Sri Lanka National Chamber conducts Budget Seminar 2015
-- [6 hours ago]
Sri Lankan President prepares to present the budget 2015 to parliament tomorrow
-- [7 hours ago]
MRL Corporation starts key test work on Sri Lanka graphite
-- [7 hours ago]
Tamil Nadu political leaders advise Modi not to have closer defense ties with Sri Lanka
Sri Lankan President opens cricketer Dilshan's luxury hotel
Belarus MPs to focus on economic ties during next month's visit to Sri Lanka
CaFFE and CHR condemn attack on Sri Lanka university students
Sri Lanka Army to assist Bangladesh Army to set up a women corps unit

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.