Azentio partners with Kurdistan International Islamic Bank to strengthen anti-money laundering compliance with Azentio AMLOCK

Azentio is proud to announce the successful deployment of our AMLOCK Anti-Money Laundering (AML) solution at Kurdistan International Islamic Bank (KIIB). This partnership marks a significant milestone in the bank’s ongoing commitment to enhancing compliance and fortifying its financial security infrastructure.

With a rich history of providing innovative financial solutions in the region, Kurdistan International Islamic Bank operates across Erbil and the broader Kurdistan region, delivering Shari’ah-compliant banking services to its growing customer base. As part of its strategy to maintain industry-leading regulatory compliance, the bank chose Azentio’s cutting-edge AMLOCK AML solution to bolster its anti-money laundering capabilities.

AMLOCK AML offers a comprehensive suite of features designed to prevent, detect, and mitigate financial crimes, ensuring compliance with both local and international regulatory frameworks. The deployment of this solution further strengthens KIIB’s operational framework, positioning the bank to stay ahead of evolving financial crime threats.

The successful implementation of Azentio AMLOCK ensures that Kurdistan International Islamic Bank now has access to world-class tools for monitoring, reporting, and mitigating financial crimes. By leveraging the solution’s AI-powered capabilities, KIIB will be better equipped to detect suspicious activity, comply with regulatory requirements, and foster greater trust with its customers.

Mr. Hoz Farman Mohammed Amin, Vice Chairman of Kurdistan International Islamic Bank, commented: “As financial crimes become increasingly complex, Kurdistan International Islamic Bank remains committed to staying ahead by adopting the latest technologies. The implementation of this advanced AML solution is a crucial step in our ongoing strategy to protect our customers and strengthen the stability of the financial system.”

Ruchi Tripathi, Director of Product Management for AMLOCK at Azentio, added:
“We are extremely pleased to partner with Kurdistan International Islamic Bank in implementing our AMLOCK AML solution. This collaboration represents our shared commitment to ensuring the highest levels of compliance and security in the banking sector. By leveraging advanced AI and automation, AMLOCK AML will empower KIIB to combat financial crimes more effectively, ensuring regulatory adherence while maintaining a seamless customer experience. We are excited to continue supporting the bank’s efforts to strengthen financial integrity in the region.”

Azentio’s AML solution is fully integrated across all of Kurdistan International Islamic Bank’s branches, enhancing operational efficiency and ensuring smooth, real-time monitoring of transactions. Backed by Azentio’s expert support, the system is designed to evolve with the bank’s growing needs, adapting to emerging financial crime risks and regulatory changes.