Situation
Empowering regional trade through digital banking
ABS Bank, the first Algerian bank established in Senegal, was created to support trade and investment flows between North and West Africa. Its mission is to provide universal banking services with a strong focus on trade finance and digital innovation, helping businesses access reliable financial solutions while fostering regional economic integration. Operating in a highly regulated environment, ABS Bank needed to ensure robust anti-money laundering (AML) compliance as it scaled its services and digital platforms.
Task
Tailoring AML monitoring for trade finance
As a new entrant in Senegal’s banking sector, ABS Bank faced the challenge of implementing an AML monitoring system that could:
-
Detect suspicious activity within complex trade finance transactions and high-value corporate operations.
-
Adapt to regulatory requirements across multiple jurisdictions.
-
Support rapid digital banking expansion without compromising compliance.
-
Streamline investigations for efficiency.
-
Maintain full alignment with international AML standards while ensuring a smooth customer experience.
Traditional AML tools designed for retail banking were not sufficient. ABS Bank needed a tailored solution capable of handling the unique risk scenarios of trade finance and digital banking.
Results
Confidence and control in a growing digital ecosystem
With Eastnets’ AML solution in place, ABS Bank now operates with confidence—combining innovation, compliance, and growth without compromise.
Enhanced oversight
Of trade finance transactions and digital banking operations.
Faster detection-to-action cycles
Enabling compliance teams to respond more efficiently.
Improved operational efficiency
A strong compliance foundation
Ibrahima Mbegane Basse Compliance Officer, Algerian Bank of Senegal
