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Bank of Beirut Deploys VALOORES’ Financial Crime Compliance Software to Enhance AML Capabilities Across Global Operations
[Beirut, Lebanon] Bank of Beirut, a leading global commercial bank, has announced its partnership with VALOORES, a renowned provider of enterprise management and decision-making solutions, to implement an advanced financial crime compliance software suite. The solution aims to strengthen the bank’s Anti-Money Laundering (AML) capabilities, improve regulatory diligence, and streamline multinational operations across its worldwide branches.
Strengthening AML Capabilities
The implementation of VALOORES’ Financial Crime services will enable Bank of Beirut to tackle today’s tactical risk and compliance problems while future-proofing its compliance spend across regulatory mandates. The integrated platform and content-rich offering are expected to secure the bank’s activities, anticipate potential fraud and money laundering activities, and streamline its multinational regulatory obligations and processes.
Key Benefits
The implementation of VALOORES’ software suite will enable Bank of Beirut to:
- Enhance AML capabilities: through advanced risk deviation and risk scoring models
- Improve regulatory diligence: and compliance with international standards
- Streamline multinational operations: across its worldwide branches
- Anticipate potential fraud and money laundering activities
- Secure its activities: and protect customer trust
Quotes from Bank of Beirut and VALOORES
“We are pleased to partner with VALOORES to enhance our AML capabilities and stay ahead of evolving regulatory demands,” said a spokesperson for Bank of Beirut. “This strategic partnership will enable us to protect our assets, improve customer trust, and maintain our position as a leading global commercial bank.”
VALOORES’ Financial Crime and Compliance suite of services helps financial institutions tackle complex challenges while future-proofing compliance spend across regulatory mandates. The company’s AML solution provides regulators and key stakeholders with a 360-degree view on financial activity, customer, and employee risk to transparently detect and investigate potential money laundering behavior.
“We are thrilled to have been selected by Bank of Beirut to anchor their strategic partnership in the fight against financial crime,” said a spokesperson for VALOORES. “Our solution is designed to provide a holistic approach to AML, enabling banks like Bank of Beirut to identify potential perpetrators across all customer life cycle stages and stay ahead of evolving threats.”
About Bank of Beirut
Bank of Beirut is a leading commercial bank founded in 1963 in Beirut, Lebanon, with operations across four continents. The bank provides a range of financial services to individuals, businesses, and institutions, and has been listed on the Beirut Stock Exchange since 1997.
About VALOORES
VALOORES is a World Class Company catering solutions, products, and services to Tier 1 enterprises. The company has established itself as a leading provider of enterprise management and decision-making solutions, with a strong presence in North America, Europe, North Africa, and the Middle East.
For more information about VALOORES and its solutions, please visit valoores.com.