As part of ongoing enhancements and developments to strengthen and optimize its Anti Money Laundering and Counter Terrorist Financing framework, Zurich, one of the worldâs largest insurance groups, chose Firco Trust, from Sword FircoSoft, the leading global provider of watch list filtering solutions.
Sword FircoSoftâs Filtering Suite has been selected by Zurich and will enable them to filter their third-party information and detect any listed party in their customer portfolios. Sword FircoSoftâs technology will be deployed to filter millions of records against selected sanctions and Politically Exposed Persons (PEPs) lists.
âThis move is the logical next step in our Anti Money Laundering & Counter Terrorist Financing programme. We selected Sword FircoSoft for their leadership and global experience in this areaâ says Markus Schulz, Chief Compliance Officer Global Life & Banking and Group Financial Crime Officer Group Compliance at Zurich.
âWe are very proud to closely work with Zurich on a very challenging worldwide implementation. Working together in a long term approach with immediate benefits is one of the key factors that sets Sword FircoSoft as the standard in filtering. We have been filtering for our customers since 1994â, says Jean Losco, Executive Director, Sword FircoSoft.
âWe are honoured that Zurich has selected Sword Fircosoft to enable it to remain ahead of global compliance requirements. To us, this partnership also demonstrates Sword FircoSoftâs ongoing dedication to provide the best of breed filtering solution to the insurance sector as it has for the past 15 years with the banking sector,â says Steve Hamel, Sales Manager, Sword Fircosoft.