Mumbai, March 17

Financial services conglomerate State Bank of India(SBI) said on Tuesday that it has partnered with 3iInfotech Ltd to implement the latter's anti moneylaundering software, AMLOCK. This software will bedeployed across the State Bank Group comprising of SBIand its 6 associate banks. "We, at SBI, are in sync withglobal awareness for matters related to anti-moneylaundering, and this partnership is a step towards anefficient technology system to keep pace with the globalchanges and meet regulatory and statutory obligations,"Mr B. S. Bhasin, Chief General Manager - BankingOperations & Principal Officer, SBI, India, said in astatement. - Our Bureau

(This article was published in the Business Line print edition dated March 18, 2009)
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