MUMBAI, INDIA: 3i Infotech, a global provider of IT solutions and the fourth largest Indian software product company, announced that Bank of India, one of India's leading public sector banks, has signed an agreement to implement Amlock, 3i Infotech's award winning Anti Money Laundering (AML) software.

P A Kalyanasundar, general manager (Information Technology), Bank of India, said, "We are happy to partner with 3i Infotech to implement AML software solution in our Bank. Bank of India has always been proactive in complying with the statutory requirements. Once the solution is implemented, the Bank will be able to submit the required reports to the Financial Intelligence Unit – India under PML Act, 2002". 

Anirudh Prabhakaran, executive director & president (South Asia), 3i Infotech said, "This agreement to implement AML solution for a reputed bank like Bank of India is yet another testament of our wide acceptance in the financial services sector. Going forward, 3i Infotech will continue to deliver its world class products and solutions to thefinancial services organizations and enable them to operate in a highly dynamic and technologically advanced global market space". 

Amlock has the capability of receiving data from multiple sources systems that organisations like financial institutions may be using for different operations. It is highly parametrisable to suit the unique needs of each organization.