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Alert Global Media sold to Fortent.


Fortent (New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
), a provider of anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities.  and fraud detection technology, has acquired Alert Global Media (AGM AGM annual general meeting

AGM n abbr (= annual general meeting) → AG f

AGM n abbr (= annual general meeting) → JHV f 
; Miami, FL), the publisher of moneylaundering.com and "Money Laundering The process of taking the proceeds of criminal activity and making them appear legal.

Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds.
 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 See Information Systems.  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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Publication:Business Publisher
Date:Dec 22, 2006
Words:186
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