Paspara

Paspara, the official distributor of SAS Institute in Lithuania, has performed a training course for AML specialists at Ukio bank. AML specialists were instructed how to manage the information generated by SAS Anti-Money Laundering Solution. „By implementing SAS transaction monitoring and suspicious activity detection software, we expect to strengthen client risk assessment process, to simplify job of AML staff, to improve reporting standards, to analyze and forecast client behavior", said Rolandas Balandis, member of the Board of Ukio bank. Justas Babarskas, compliance officer of Ukio bank, said that „in short time we already made sure that this solution gives us great possibility of deeper customer base analysis. Now we can focus on data analysis, having saved considerable time on information collection process. SAS Anti-Money Laundering Solution is a good tool for information collection and risk management". The rapidly growing Ukio bank provides a wide range of services to both private and business clients. During the third quarter of 2007, Ukio bank expanded its client service network up to 53 subdivisions and presently holds 12 branches and 41 client service units throughout Lithuania.