With the aim of combating more effectively money laundering and the financing of terrorism, SELEC concluded a Letter of Intent with the OTP Bank Plc.’s IT and Security Directorate in order to have a direct cooperation and coordination with the banking sector.
On the basis of the objectives set out in this Letter of Intent, SELEC and OTP Bank Plc.’s IT and Security Directorate shall further develop the cooperation for identifying risks in the area of anti-money laundering, and using the tools provided by modern technology, with special regard to the possibilities inherent in AI and Big Data.
On this occasion, the Director General of SELEC, Mrs. Snejana Maleeva stated: “In order to be more effective in the field of money laundering and the financing of terrorism, a closer cooperation with the banking sector was required. The actions to be taken were already discussed with the representatives of OTP Bank Plc, and will be implemented gradually, in accordance with the agreement”.