Case Study: Bank of Ceylon achieves multi-country AML and FATCA compliance with Clari5

Bank Of Ceylon Activates Multi-countryanti-money Laundering + Fatca Compliance With Clari5 Aml

Bank of Ceylon, Sri Lanka’s largest bank (assets $12.5B, 12M customers, 20M accounts, 630 branches), faced heightened AML/CFT scrutiny after Sri Lanka was flagged by the European Parliament and needed to automate FATCA/PFFI and multi‑country AML compliance. The bank required a real‑time, cross‑channel solution that could correlate activity across core banking, remittances and other systems, and selected Clari5’s Clari5 AML platform to deliver an integrated, non‑siloed compliance capability.

Clari5 implemented its real‑time, cross‑channel Clari5 AML—providing identity resolution, watch‑list filtering, dynamic customer risk scoring, entity link analysis, integrated case management and regulatory reporting (STR/CTR). As a result, Bank of Ceylon automated end‑to‑end AML from onboarding to ongoing monitoring, achieved compliance across 3 countries and 14 channels, now processes transactions for over 12 million customers and 600+ branches, and gained sub‑second detection, faster investigations and timely regulatory filings while improving measurement of AML program effectiveness.

Bank of Ceylon

Asoka Pinnaduwage

Head of Compliance