UBL and AKS iQ to implement advanced anti-money laundering solution.

United Bank Limited (UBL) has partnered with AKS iQ, a leading Reg Tech company, to implement an advanced trade-based anti-money laundering (TBML) solution in line with the Bank's commitment to innovation and digitization.

This high-tech solution will enable UBL to execute import and export transactions in a highly automated environment while conducting Anti-Money Laundering (AML) checks with greater flexibility, mitigate operational and compliance issues and facilitate data-driven decision-making across key departments, improving service standards, customer experience and reducing risk levels.

The partnership agreement was signed at UBL's Head Office in Karachi by Mr. Shazad G. Dada, President and CEO, UBL and Mr. Yahya Ghaznavi, CEO, AKS iQ. Senior executives from both companies, including Mr. Sajid Hussain, Group Executive - Operations, Mr. Irfan Farooq Memon, Group Executive - Compliance, Mr. Muhammad Faisal Anwar, CIO, from UBL, and Mr. Omer Manya, CDO and Dr. Asim Imdad, CIO from AKS iQ, were also present at the signing ceremony.

At the event, Mr. Shazad G. Dada, President and CEO UBL said 'As Pakistan's most progressive and innovative bank, UBL is...