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EastNets Named Finalist for Global Custodian Award for Compliance

October 22, 2013

Hazem Mulhim, CEO, EastNets

Hazem Mulhim, CEO, EastNets

EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry, is pleased to announce it has been named a finalist for the 2013 Global Custodian Awards for Excellence in the Compliance award category. EastNets’ suite of top ranking compliance solutions helps financial institutions meet regulatory requirements, mitigate money laundering and terrorist financing risks, and protect against financial crime.

Global Custodian, the leading magazine covering the international securities services business and published by Asset International, will be honoring winners at their dinner ceremony on Thursday, November 14, 2013, at the Harvard Club in New York City. Editors of Global Custodian have added these new award categories to recognize the Technology, Consultancy and Law firms supporting the international securities services industry.  EastNets’ en.SafeWatch suite delivers an enterprise compliance management framework, which also comprises a common platform for anti-fraud and anti-money laundering capabilities. Such a formidable approach is optimal for sharing processes and workflows to streamline operations.

Global Custodian editors’ aim with these new award categories is to recognize the organizations for bringing real innovation to custodians, prime brokers, administrators and their end clients. Editors surveyed the market and nominations were determined from researching the industry prior to deciding on the finalists.

“We are honored to be recognized by Global Custodian and named a finalist for Compliance.  One of our key objectives in developing a highly intuitive and powerful global compliance solution is to substantially reduce risk, cost and complexity,” said Hazem Mulhim, CEO, EastNets.

By using one common platform, financial organizations can benefit from cost savings and combined processes for detection, investigation, case management and regulatory reporting, en.SafeWatch is able to deliver a 360-degree customer view.  Financial enterprises can leverage en.SafeWatch Filtering to centralize dispersed compliance and fraud prevention information and access customer data in a user-friendly manner.

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