Alert Global Media sold to Fortent.Fortent (New York), a provider of anti-money laundering Money Laundering The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.Notes: Some estimate the size of the problem is over $500 billion annually. Often thought of as a victimless crime, money laundering is a very serious issue. Without it, international organized crime would not be able to function. and fraud detection technology, has acquired Alert Global Media (AGM AGM - Above Gross MarginAGM - Absorbed Glass Mat (battery) AGM - Agmultivision SRL (Milan, Italy) AGM - Air-to-Ground Missile AGM - Air-to-surface Guided Missile AGM - Angle-Grinder Man AGM - Annual General Meeting AGM - Annual Guidance Memorandum AGM - Anti-Gravity Machine AGM - Arbeitsgemeinschaft Modellraketen Deutschland AGM - Area General Manager AGM - Assistant General Manager AGM - Associate General Manager; Miami, FL), the publisher of moneylaundering.com and "Money Laundering Alert" and provider of anti-money laundering conferences and training for financial professionals. No terms of the deal were given. Fortent said the purchase "significantly expands (our) platform of risk and compliance products and services, creating a comprehensive suite of technology, training, and information services for financial institutions and government agencies worldwide." AGM's web sites, moneylaundering.com and the Spanish-language site, Lavadodinero.com, provide daily news and analysis of anti-money laundering regulations and reference information on money laundering laws, regulations, international developments and government action. The sites are used as training tools by financial institutions and government agencies. "Money Laundering Alert," AGM's monthly newsletter, covers legislative, regulatory, and enforcement developments in the U.S. and other countries. It was launched in 1989. AGM's conferences and training programs are targeted to financial services, regulatory and law enforcement professionals from more than 90 countries. Its annual International Money Laundering Conference and Exhibition is the largest anti-money laundering conference in the world. |
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