While wishing to support its many SME customers in their commercial activities, Bank of Jinzhou is acutely aware of the reputational and regulatory risks of inadvertently trading with sanctioned entities and individuals. The bank is also keen to expand into dealing with more foreign currencies, such as the U.S. dollar and Japanese Yen, while maintaining a low risk profile and adhering to international compliance standards.
Using LexisNexis® Firco Compliance Link, Firco Global WatchList®, WorldCompliance™ Online Search Tool and Bankers Almanac® Counterparty KYC, Bank of Jinzhou is able to provide a digital audit trial, improve its operational efficiency, and comply to international and local regulations and compliance.
The case study highlights how our proven financial crime compliance solutions easily integrate and adopt into Bank of Jinzhou’s workflow and deliver the following long- term success:
Download our case study to learn more about how LexisNexis Risk Solutions helps bank of Jinzhou.