Strengthening Defenses Against Trade-Based Money Laundering Risks
United Bank Limited increase efficiency of vessel screening, tracking and dual use goods identification.
Tackling trade-based money laundering withLexisNexis ® Trade Compliance
United Bank Limited (UBL) was founded in 1959 and leads the banking and financial services sector in Pakistan. UBL operates one of the largest branch networks in Pakistan with over 1,330 branches and 1,440 ATMs along with the Bank’s branchless banking channel, UBL Omni, spread all over the country. The network is augmented by the Bank’s award-winning and industry leading Digital Banking services, which together serve over 11 million customers nationwide.
Recent cross-border trade financing regulations in Pakistan led UBL to reevaluate ways to strengthen compliance and create more seamless trading experiences.
Recent cross-border trade financing regulations in Pakistan led UBL to reevaluate ways to strengthen compliance and create more seamless trading experiences.
The Bank was looking for a solution to help fully automate its trade compliance program to align it with the expectations of the Pakistan Single Window regulatory directive. UBL selected LexisNexis® Firco™ Trade Compliance to help enhance operational efficiency, increase trade transaction turnaround times and positively promote a culture of compliance.
Download the case study to discover how LexisNexis® Risk Solutions helped United Bank Limited tackle trade-based money laundering and improve transaction turnaround times, and learn more about our solutions.
Download the case study to discover how LexisNexis® Risk Solutions helped United Bank Limited tackle trade-based money laundering and improve transaction turnaround times, and learn more about our solutions.
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