Monday, August 4, 2008

Longtop Financial Technologies Develops Anti-Money Laundering System for a Joint Stock Bank in China

This article in Quamnet reports that Longtop Financial Technologies will be providing one of China’s Joint Stock banks with a customized software solution for the bank’s anti-money laundering system.

Longtop Financial Technologies will create a centralized anti-money laundering system to automate screening and reporting of transactions. This system is necessary in order to comply with Chinese banking regulatory.

Weizhou Lian, Chief Executive Officer of Longtop mentions:

“Longtop is an established leader for anti-money laundering solutions in China’s financial IT solutions market with a broad customer base and leading market share. This project further strengthens our market leadership in this mission-critical area of protecting financial institutions and society at large from criminal activities.”

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