Today, TONBELLER AG together with their partner TAC3has announced a Spanish language version for its industry-leading Siron Compliance Solutions software. This version will support Spanish-speaking customers to drive more value from TONBELLER products in their fight against financial crime.
In 2010, the 3rdEU Money-Laundering Directive was implemented into national Spanish law as 'Ley 10/2010, de 28 de abril, de prevenciÃ³n del blanqueo de capitales y de la financiaciÃ³n del terrorismo' thus enforcing regulatory requirements on the financial institutions and other industries.
Siron Compliance Solutions assist banks and insurance companies in Spain and Spanish-speaking countries with their compliance initiatives and compliance with the new laws.
Siron Compliance Solutions offer a range of modular and integrated software to perform risk analysis, anti-money laundering (AML) and counter-terrorist financing (CTF), ensure sanction list monitoring, fraud detection, and the detection of market misuse. This software is now available in the Spanish market.
To further enhance and develop Siron Compliance Solutions, TONBELLER has launched its end-to-end solution SironKYC (Know Your Customer) for managing the initial risk rating during customer acceptance.
With over 1000 installations in 50 countries, TONBELLER solutions have proven to be reliable and cost-effective and TONBELLERS specialists provide detailed experience, knowledge and best practice.
TONBELLERâs Siron Partner Network provides world-class technology and AML compliance services. Regional partners who leverage TONBELLERâs insights and best practices from hundreds of compliance engagements worldwide work directly with customers and will carefully weigh local compliance requirements and IT needs to tailor Siron Compliance Solutions to the customers business.
Pau Velando, Partner at Barcelona-based TAC3 â TecnologÃas Avanzadas de Cumplimiento, comments: âWe have partnered with TONBELLER in Spain to support the Spanish organizations in their fight against financial crime. We have broadened and deepened our capabilities to help Spanish customers improve their compliance processes. This focus on customer needs is paying off as we are able to add more value to our current client projects.More customers will choose our services to achieve their business goals and support their compliance initiatives.â
Torsten Mayer, managing director of TONBELLER AG, adds: âBy turning the 3rd EU Directive into Spanish national law and through more stringent compliance regulations for financial institutions on the Spanish-speaking markets, Siron Compliance Solutions support the compliance officers of financial organizations in streamlining processes, lower operating expenses, and â most important of all â in complying with the laws and regulations.
We will continue to improve our portfolio as we have done only recently by announcing our new solution SironKYC. SironKYChelps companies define and manage the entire 'Know Your Customer' lifecycle from initial risk rating during customer acceptance to ongoing customer due diligence.â