Nevis International Bank & Trust and Kroll Launch Global Collaboration on Regulatory Compliance Best Practices
NEW YORK and ST. KITTS AND NEVIS, January 21, 2020 / PRNewswire / – Nevis International Bank & Trust Ltd. (“NIB & T”, www.ibanknevis.com), a leading banking institution with representatives around the world, is pleased to announce that it has improved its already strong regulatory compliance through a global partnership program. NIB & T has its seat at Nevis, Saint Kitts and Nevis, a nation in the British Commonwealth of Nations and the birthplace of America’s Founding Father Alexander hamilton.
To extend NIB & T’s regulatory compliance and build on best practices, NIB & T has partnered with Kroll, a division of Duff & Phelps, a global leader in risk mitigation, investigation and regulatory compliance. Through this collaboration, Kroll’s proprietary due diligence systems will be integrated with NIB & T’s banking platform in a highly secure technological environment, delivering a world-class customer service experience while enabling NIB & T to fulfill its commitment to customers.
The collaboration will allow NIB & T to leverage Kroll’s expertise and increase NIB & T’s presence serving a rapidly growing global private banking and corporate banking customer base.
The right Hon. Sir Tony baldry, Chairman of Nevis International Bank & Trust said, âNIB & T is fully committed to rigorous regulatory practices. NIB & T’s compliance programs, which are advised and implemented by Kroll, represent the best Banks, ‘NIB & T takes great comfort in this close collaboration with Kroll, the world’s foremost regulatory compliance expert. ”
Jean Arvanitis, Managing Director, Compliance Risk and Diligence at Kroll commented, âKroll is delighted to advise NIB & T by leveraging the vast experience and financial technology and compliance of our mutual institutions. We will continue to demonstrate the enormous potential of a globally compliant AML / KYC / CFT best practice for leading financial institutions such as NIB & T. “
Prabhkar Kaza, CEO of NIB & T commented: âKroll’s compliance systems allow the NIB & T operations team to automatically filter all integration customers, all inbound and outbound bank transfers against the in-depth global database of Kroll, performing real-time AML / KYC / CFT monitoring that can instantly detect and mitigate compliance risks. NIB & T draws on the expert advice and expertise of Kroll that governments and the world’s largest banks and corporations trust.
About Nevis International Bank & Trust Ltd.
Nevis International Bank & Trust Ltd. (NIB & T, www.ibanknevis.com), the âCustomer First Global Bankâ is a leading fully regulated banking institution with representatives around the world. NIB & T is headquartered at Nevis, Saint Kitts and Nevis, a thriving British Commonwealth nation and the birthplace of America’s founding father Alexander hamilton. Led by the founding president of NIB & T, the Rt. Hon. Sir Tony baldry and a global team of seasoned executives, NIB & T has a proud British heritage serving a growing global private banking and corporate banking clientele across multiple lines of business: commercial banking, asset management and investment banking.
About Kroll, a division of Duff & Phelps
Kroll is the world’s leading provider of risk management solutions. For more than 45 years, Kroll has helped clients make sound risk management decisions for people, assets, operations and security through a wide range of investigations, cybersecurity, due diligence and compliance, physical and operational security, and data and information management services. For more information visit www.kroll.com. Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, litigation, cybersecurity, compliance and regulatory matters. , and other governance issues. We work with clients in a variety of industries, mitigating risk to assets, operations and people. Together with Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countries around the world. For more information visit www.duffandphelps.com.
Nevis International Bank & Trust Ltd.
London: Vinay Ganga, president and executive vice-president
Nevis: Roosevelt Herbert, Crew member
Phone. : +1 (869) 469-8889
E-mail: [emailÂ protected]
Kroll, a division of Duff & Phelps
Jean Arvanitis, Managing Director, Compliance Risk and Due Diligence
Phone. : +1 (508) 808-9410
E-mail: [emailÂ protected]
SOURCE Nevis International Bank & Trust Ltd.