Lens Fraud AML - Two corporate businessmen shaking hands while one man places money in the other

MKB Bank Plc. chose SAS to comply with the new requirements of the 4th AML Directive of the EU

We chose SAS because of their strong brand, professional local support and fair pricing

AML Compliance

MKB Bank achieved this using • SAS^® Anti-Money Laundering

MKB Bank is one of the leading universal banking groups in Hungary having more than 60 years of history offering platform based serviced.

The 4th AML Directive of the European Union announced new requirements, so the bank was seeking a solution enabling them to be compliant with the new regulations. The timeframe was extremely tight as they needed to find a such a solution within 2 months that – after an introductory training – can be adapted and fine-tuned on their own, using their own experience, without any external assistance.

The fact that SAS is a big brand, being recognized worldwide enables MKB Bank to use the cooperation as a reference with their corresponding banks.

“We chose SAS because of their strong brand, professional local support and fair pricing” says Mr. Bácsfalvi and tells more about how they leverage SAS solution in the following video.

“The successful implementation enabled us to track all alerts regardless of their complexity“ András Bácsfalvi Head of Compliance and AML MKB Bank

Next steps

The results illustrated in this article are specific to the particular situations, business models, data input, and computing environments described herein. Each SAS customer’s experience is unique based on business and technical variables and all statements must be considered non-typical. Actual savings, results, and performance characteristics will vary depending on individual customer configurations and conditions. SAS does not guarantee or represent that every customer will achieve similar results. The only warranties for SAS products and services are those that are set forth in the express warranty statements in the written agreement for such products and services. Nothing herein should be construed as constituting an additional warranty. Customers have shared their successes with SAS as part of an agreed-upon contractual exchange or project success summarization following a successful implementation of SAS software. Brand and product names are trademarks of their respective companies.