SYDNEY--(BUSINESS WIRE)--Norkom Technologies (Norkom) today announced that listed fund manager, Perpetual Limited (Perpetual), has successfully implemented Norkom’s ‘Know Your Customer’ (KYC) / ‘Customer Due Diligence’ (CDD) and case management solutions to comply with Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act. This is Norkom’s first project with a fund management company in Australia.

Norkom’s solution will allow Perpetual to ‘watch list’ check and identify high risk customers for the purposes of collecting additional KYC information or enhanced customer due diligence.

Mr Bruce Quick, Norkom’s Director of Sales & Business Development for Asia-Pacific, said, “Norkom’s financial crime and compliance solutions will assist Perpetual to meet its regulatory obligations and to execute a risk-based approach to managing its business”.

The contract with Perpetual builds on Norkom’s ever-increasing presence in Asia-Pacific, which includes clients such as ANZ, St George and Bendigo Bank.

Norkom has offices in Sydney and Melbourne and in Singapore to serve and support its growing APAC client base.

About Norkom Technologies (www.norkom.com)

Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organizations to take intelligent action, control defenses, and evolve strategies against fraud, money laundering, and other types of financial crime. By combining a unique investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the cost information technology.

Norkom serves clients in over 100 countries across four continents including HSBC, Banco Santander, Bank of Montreal, Credit Agricole, DnB NOR, Dubai Islamic Bank and Standard Chartered Bank.