On 17 of June 2021, at the Headquarters of SELEC the ceremony of signing the Memorandum of Understanding between SELEC and OTP Bank Plc.’s IT and Bank Security Directorate took place in the presence of the representatives of the management of both parties.
Recognizing the mutual interest to cooperate in the fight against organised crime, more specifically, against money laundering and the financing of terrorism, the parties negotiated and agreed to conclude the present Memorandum so as to define the legal base for the cooperation at operational level between the two institutions.
The Memorandum of Understanding was signed by Mrs. Snejana Maleeva, Director General, on behalf of SELEC, and by Mr. Gabor Bucsek, Managing Director, on behalf of OTP Bank Plc.
Identifying risks in the area of anti-money laundering and developing the cooperation for countering money laundering and financing of terrorism so as to efficiently make use of the tools provided by modern technology, with special regard to the possibilities inherent in AI and Big Data, are among the key priorities to be further tackled by the parties.
Prior to signing, the Memorandum of Understanding was also approved by the members of the Council, the highest decision-making body of SELEC.