Joyalukkas Exchange Partners with Effiya for Compliance

Joyalukkas Exchange, a leading money exchange, has partnered with Effiya Technologies on AML/CFT (Anti-Money Laundering/Anti-Terrorist Financing) compliance for greater efficiency and effectiveness in screening transactions in real time.

Effiya, an artificial intelligence (AI) and machine learning (ML) solutions provider, has a hybrid ensemble approach with seamless integration and better algorithms supported by machine learning models to generate the most results. more precise.

Implementing this technology has further reduced false positives without compromising potential matches by generating real-time alerts and thus boosting overall compliance performance.

Compliance compliance

Antony Jos, Managing Director of Joyalukkas Exchange, said, “At Joyalukkas Exchange, compliance is non-negotiable and we don’t want it to be compromised at any level. We are diligent in this regard to ensure a safe and secure experience for all of our customers in accordance with global AML regulations and standards.

“For us, building an effective compliance culture will always remain a critical factor. Our goal with this collaboration is to help and strengthen our responsibility and commitment as a regulated entity authorized by the Central Bank of the United Arab Emirates to manage safe and secure transactions for our customers.

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