KUALA LUMPUR, Feb 8 -- Napier, provider of leading anti-financial crime compliance solutions, has announced that LGIAsuper, a Queensland-based superannuation fund, has adopted its Transaction Monitoring and Client Screening tools as part of an upgrade of the fund’s anti-money laundering (AML) defences.
Napier’s AI-enhanced technology will provide LGIAsuper with a holistic view of all its members, so that any suspicious behaviour can be more easily and efficiently identified as part of ongoing member due diligence and reporting to AUSTRAC.
In a statement, Head of APAC at Napier, Robin Lee said: “It’s fantastic to be a part of LGIAsuper’s exciting period of growth. With their member count set to more than double, and the number of transactions going through their systems increasing dramatically, it’s absolutely crucial they have a robust and agile AML system in place.
“Growth can only continue though, by adopting intelligent technology to keep on top of ever-stringent regulatory obligations. We look forward to seeing our solutions support LGIAsuper in its continued journey.”
LGIAsuper Chief Executive Officer, Kate Farrar said: “Napier is the financial crime compliance solution that gives us complete control and transparency of rules as well as segregation of data, rules, and workflows. The Napier system will improve our capabilities for protecting our members from illegal or unlawful activity and meeting the fund’s AML obligations.”
Napier, which has a growing list of clients globally, provides AML and counter-terrorism financing capabilities for a number of financial institutions across the APAC region.
Its presence in the region was further strengthened recently with the opening of a Kuala Lumpur base, adding to its offices in Australia, Singapore, UK, North America, and Dubai.
-- BERNAMA
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