August 10 2016
A pair of entrepreneurs has developed a solution to help banks reduce the risks involved in remittances. Route Trading Ltd., launched by Musa Jammeh and Taimoor Iqbal, will introduce Money Router, a software solution, to London, U.K. banks to prevent illicit money transfers. Money Router, to be introduced in September, is designed to improve the safety of global payments, enabling financial institutions to set parameters in accordance with anti-money laundering and anti-terrorism financing regulations.
Developed in London by a team led by a compliance officer employed at a major U.K. bank, and a tech entrepreneur with a background in money transfer, Money Router is designed for both banks and money service businesses (MSBs).