Afreximbank launches a new anti-money laundering platform designed by Egypt – Politics – Egypt

The African Export and Import Bank (Afreximbank) has launched a new electronic platform designed by the Egyptian company Sarmash, specializing in information systems, to inform about the opportunities commercial and investment.

The new electronic platform was launched on the sidelines of the annual conference of Afreximbank in Abuja Nigeria.

The new electronic platform presents information on investment and trade opportunities in African countries. Afreximbank Vice President Amr Kamel said the new platform aims to provide information to help banks adapt to international conditions and standards that impose significant fines on bank transactions with banks. countries or entities that "These fines make banks reluctant to be present in some African countries for fear of engaging in suspicious transactions, so the new platform aims to limit such operations and provide a safe environment for trade and l & # 39; investment. " Kamel added.

"The platform is also part of the bank's initiative to promote trade and cooperation among African countries by exchanging information and data on businesses and institutions, their financial capabilities, their credit status and other information, in cooperation with the central banks of African countries, "said Benedict Oramah, chairman of Afreximbank. :