LSEG Institution for Anti-Money Laundering and Counter-Terrorism Financing Applications Awards The United Bank Shield of Excellence

22/06/2025

 

LSEG Institution for Anti-Money Laundering and Counter-Terrorism Financing Applications Awards The United Bank Shield of Excellence
Cairo: June 22, 2025
The LSEG institution for anti-money laundering and counter-terrorism financing solutions and applications awarded The United Bank the Shield of Excellence on the sidelines of the annual conference held in Cairo last May 2025.
This recognition comes as a result of a fruitful collaboration that has lasted for over 17 years, beginning in 2008.
The United Bank is considered one of the firsts Egyptian financial institutions to adopt LSEG's services for screening globally sanctioned individuals. Additionally, it utilizes a set of solutions and technologies developed by the group to examine all parties involved in banking transactions, especially foreign trade operations. This contributes to providing all aspects of protection and security against The United Bank's dealings with any regionally or internationally sanctioned parties while offering its distinctive banking and digital services.
Heba Aboulneil - Customer Relations Manager, Basma Assal - Key Account Manager, and Vanessa Shamaoun - Head of Business Risk at LSEG, presented the Shield of Excellence to Abeer Ezzat - Head of Anti-Money Laundering and Counter-Terrorism Financing Sector at The United Bank, in the presence of a constellation of bankers and specialists in the field, CEOs, financial and business figures, and a select group of media professionals.
Abeer Ezzat expressed her happiness with this award, which crowns The United Bank's efforts over the past years in one of the most significant global challenges: anti-money laundering and counter-terrorism financing.
She added that The United Bank, in cooperation with several international institutions, including LSEG, has established one of the best models for preventing and combating these transnational phenomena.
Ashraf El Kady – Chief Executive Officer and Managing Director of The United Bank - stated that he is pleased with UB receiving the Shield of Excellence for best international practices in anti-money laundering and counter-terrorism financing. This reflects the bank's institutional commitment to international principles and standards, especially those issued by the Financial Action Task Force (FATF) and the United Nations, which confirms The United Bank's ability to address current challenges.
El Kady added that UB's efforts to build this integrated national system are capable of early detection, effective analysis, and rapid response to Egyptian and international laws. He expressed that The United Bank will continue its distinguished efforts to train human cadres and exchange expertise with international institutions, as well as enhance coordination among all entities to achieve security and stability and preserve the integrity of the national and international financial system.
It is worth noting that LSEG is one of the most important international institutions in providing information, services, and financial analysis by offering accurate, documented tools that help financial institutions make strategic decisions based on advanced data and analyses. These services directly contribute to enhancing operational efficiency and achieving compliance, which contributes to the growth and success of financial institutions in many fields.