Commerzbank Case Study
Commerzbank ensures global sanctions compliance with Pelican.
Commerzbank is trusted by customers around the globe, with offices and operating centres spread over 50 countries. As a leading global bank, it has an obligation to ensure all financial crime compliance obligations are fully met in all jurisdictions. The introduction of new payment processes such as the wider adoption of real-time payments, along with the expansion of global watchlists and a tightening regulatory framework, presented the bank with a number of compliance and efficiency challenges.
Pelican Benefits:
“With Pelican, the bank is able to adopt a single comprehensive global Sanctions Screening process, one that is centrally managed and locally deployed. This has lowered operational costs and improved our detection capabilities. We are very happy with these benefits!”
– Dieter Gohl
Head of Global Sanctions Control, Commerzbank