Al Fardan Exchange, a firm specializing in money transfers and currency exchange, has joined forces with AML Analytics, a UK-based company that facilitates the testing and validation of systems for screening sanctions and monitoring transactions.
This partnership reinforces Al Fardan Exchange’s commitment to ensuring the effectiveness of its sanctions systems, thereby raising the standards for combating financial crimes in the market. The company aims to bolster its already strong ethical and sustainable business practices by implementing comprehensive compliance measures for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).
AML Analytics specializes in Regulatory Technology (RegTech) solutions that enhance screening and monitoring systems. These solutions will assist Al Fardan Exchange in meeting regulatory requirements, reducing the risk of financial crimes and targeted financial sanctions, and ensuring the presence of robust detection systems.
AML Analytics collaborates with global regulators, supervisors, and central banks, providing technical expertise and advanced Supervisory Technology (SupTech) to test and validate the AML/CFT systems of regulated entities as part of Thematic Reviews.
By FCCT Editorial Team
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