New Hong Kong Wealth Manager Chooses OneSumX

Newly established bank has unique AML challenge

chris-puype
Chris Puype, managing director, Asia-Pacific, Wolters Kluwer Financial Services

Wolters Kluwer Financial Services has signed Nippon Wealth (NWB) as a user of its solutions suite, OneSumX. NWB will be using OneSumX for anti-money laundering (AML) and other regulatory reporting as it establishes operations in Hong Kong.

NWB, a wholly owned subsidiary of British Virgin Islands-registered OJBC, was established in August 2013 and recently acquired approval from the Hong Kong Monetary Authority (HKMA) to establish a restricted license bank, NWB said in a statement.

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