About KfW Ipex-Bank

KfW IPEX-Bank is responsible for international project and export financing within KfW Bank Group. They offer credit to German and European companies, infrastructure financing in Europe, and financing for worldwide exports and projects.

Flexible Compliance Management

More efficiency in compliance with automation

In the wake of new legal requirements imposed by the EU Anti-Money Laundering Directive and relevant sanction regulations, KfW IPEX-Bank was looking for a software solution to comply with these regulations and support the bank’s specific requirements. The flexibility of the ACTICO software led to it being selected to meet the bank’s functional and technical requirements.

Challenge

Flexible compliance management

The opening of a business relationship, the ongoing monitoring of transactions and embargos, and the customer due diligence of each business partner must be reviewed from a compliance perspective to secure complex financing. ACTICO software was faced by this challenge

Objectives

  • Implement a new software solution for anti-money laundering
  • Recognition of high-risk persons and embargo monitoring
  • Monitor project and export financing
Solution

Compliant onboarding

The automatic workflow leads the relationship manager through the process of opening a business relationship and creating a KYC profile. The various relationships of persons involved in large credits can be graphically represented in ACTICO’s “Relationship Browser”. This makes it possible to more easily identify relationship networks and resulting risks. Key characteristics of the solution are:

  • Workflow in the onboarding process
  • Graphical display of networks
  • Permanent monitoring of potential money laundering scenarios
  • Checking personal details against PEP and sanctions lists entries
IMPACT

Compliance for tailored financing models

The Money Laundering Detection System (MLDS) module of ACTICO’s Compliance Suite includes a KYC profile (Customer Due Diligence) that plays a particularly significant role in reviewing and clarifying complex financing, thus proving to be an ideal fit for KfW IPEX-Bank.

Compliance for unique business cases

Flexibility is required for large international loans.

Download PDF

Automating KYC and onboarding processes

KfW Group accelerates customer profiling and onboarding by centralizing compliance applications.

Learn more

How regulation improves efficiency in Business and IT

LGT has decided to embark upon a groundbreaking project: Turn regulation into benefits and profit.

Learn more

Screening millions of customer and partner data against sanctions lists

Ensuring compliance in the insurance sector.

Learn more

Contact

Clarify your questions with our experts.

Contact us

Contact us