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Case Study

Savings Bank Münden unifies procedure for AML Risk Assessment with Siron® RAS

Case Study

For Savings Bank Münden, compliance has always been more than simple adherence to laws and guidelines. Compliance is seen as a chance aiming at enhanced transparency and process efficiency to cope with the increasing regulation demand. A detailed risk analysis lays the foundations of successful compliance and is crucial to implementing the risk-based approach.

Hence, it was only logical that Savings Bank Münden introduced Siron®RAS for money-laundering prevention as early as 2009. The software module was to determine the bank‘s specific risk structure systematically and minimize or eliminate both weak spots and risk potentials. Two employees of FICO TONBELLER accompanied the introduction and implementation of the system for 5 days.