PASHA Bank is launching SafeWatch Filtering

On 7 December one of the leading banks of Azerbaijan "PASHA Bank" hold a presentation in "Amethyst" hall of "Hilton Baku" hotel dedicated to introduction of SafeWatch Filtering software to its activity

SafeWatch Filtering is an advanced solution package for banks and other financial organisations enabling them to ensure the adherence to the international and national Anti Money Laundering statutes.

Various modules of this program perform online filtering of data, transactions and files containing the information coinciding with the records of the international "black lists" - FATF/GAFI, EU, UN, OFAC, etc. The filtering results are submitted in a form of report.

The world's largest financial institutions and banks such as Raiffeisen Bank, Bank of China, HypoVereinsbank, Nordea Group, ING Bank, ABN Amro Bank N.V., Credit Lyonnais Bank, Fortis Bank, etc. are the users of this software. Until now the leading banks of Russia,Ukraine , Georgia and Kazakhstan were the only users of this software in the territory of the CIS.

Thus, starting from the end of 2011, Azerbaijan represented by PASA Bank has joined the countries using SafeWatch Filtering in banking sector. The specialists of international financial institutions and rating organisations lay special emphasis on global implementation of this software to the activity of banks. Therefore, PASHA Bank by securing its status of strategic participant of Azerbaijan banking sector has ranged with the leading international financial organisations that use this process solution.

We must note that SafeWatch Filtering software was developed by EastNets Group - one of the world's leading companies specialized in development of global business solutions and provision of services for financial sector. At present the Group has more than 1000 clients - various financial organisations in 120 countries worldwide. EastNets Group closely cooperates with SWIFT (Society for Worldwide Interbank Financial Telecommunications) and participates in development of products, solutions and technology platforms.