Resourcery Ghana, a leading Ghanaian Business IT solution provider in partnership with SAS the global leader in Business Analytics Software and Services has engaged Risk and Compliance Managers drawn from leading Banks at a one-day Business forum tagged ?the power to know ?in Accra.

The event which showcased SAS Anti-Money Laundering and Risk Management solutions was driven by the urgent need for financial institutions to adopt global best practices to detect and prevent fraud and to comply with regulatory requirements locally and globally.

Business24

Over the last decade, the world has experienced phenomenal rise in transnational organized crime including Money Laundering and Terrorist Financing. Money Laundering and Terrorist Financing impact negatively on economic, political and social development, posing serious challenges to all countries.

Delivering the keynote address, Mr. Samuel Thompson Essel, CEO of Financial Intelligence Centre (FIC) said, ?To achieve an effective control over money laundering and other financial crimes, one cannot underestimate the role of financial institutions.

The role required of Ghana in the global efforts at combating Money Laundering and Terrorist Financing therefore cannot be underestimated?. He said financial institutions are required to put in place customer identification, automated transaction verification and internal controls to implement fraud detention and anti-money laundering policies.

In his presentation, Edward Sungura, the Regional Director of SAS Sub-Saharan Africa, demonstrated how the SAS AML solution integrates data and knowl?edge about suspicious activity across the enterprise and provides top-notch anti-money laundering solution backed by a reliable risk management tool.

This end-to-end solution, regardless of whether an institution chooses to integrate fraud, security and/or com?pliance functions, has been designed to exploit data and information from operational support systems with the aim of reducing technology and investigation costs. The solution, thus, provides an un-matched depth of analysis; improves effectiveness and rapidly aggregates alerts.

The SAS AML offers a technological solution to the lingering threats of fraud and money laundering in financial institutions.

In his closing remarks, the Country Manager of Resourcery Ghana, Mr Ekow Thompson said; ?the partnership between Resourcery and SAS provides financial institutions in Ghana a trusted ally when it comes to business risk analysis and management.

Resourcery?s local market know-how backed by SAS?s globally proven business analytics software and services ensure Financial Institutions? guard against losses from fraud, suspicious financial activity, regulatory non-compliance, and threats to public security.?

Founded in 1985, Resourcery provides end-to-end business solutions to its customers across the West African market. The company offers business solutions that cut across Enterprise Network Infrastructure, Business Voice &Video Solutions, Data Security and Business Intelligence Solutions amongst others

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 60,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know?. www.sas.com and www.sas.com/sa

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ?
Participants at the just-ended programme

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