Mizuho implements Metavante’s solution

Metavante announced that Mizuho Corporate Bank, Ltd. ("Mizuho") is automating its compliance efforts throughout its 27 offices worldwide with a suite of anti-money laundering (AML) products from Metavante Corporation's Risk and Compliance Solutions division. 

The Prime Compliance Suite is a comprehensive AML compliance solution aimed at mitigating risk organizations are facing and help them to comply with requirements of such global mandates as the Financial Action Task Force (FATF), European 3rd Directive, Bank Secrecy Act, USA PATRIOT Act, and Office of Foreign Asset Control (OFAC).

Moreover, the suite helps to detect suspicious activity and automates filing a request for information from Financial Intelligence units of each country, and performs the electronic search against customer names, accounts and detailed transaction information.