Americas Software Introduces AFACS//Web; Web-Based Software Helps Financial Institutions Identify Known and Suspected Money Launderers.

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--March 3, 2003

Americas Software, the leading developer of anti-money laundering and regulatory compliance software, today introduced AFACS//web, a Web-based search engine that automatically reads government and user-defined lists to identify individuals, dignitaries and countries known or suspected to be involved in financial crimes and terrorist activity.

AFACS//web (America's Foreign Asset Control System) enables bankers, brokers and business executives to effectively comply with the anti-money laundering and suspicious activity reporting provisions of the USA PATRIOT Act. Using a series of filtering algorithms, AFACS//web instantly scans thousands of names contained in reports from the U.S. Treasury's Office of Foreign Asset Control (OFAC) and other sources of specially designated nationals (SDNs) and blocked persons, including user-defined lists. The software automatically matches these names with those of current or prospective customers who may be involved in money-laundering activities.

"Our Web-based technology provides financial institutions and other businesses with the most reliable, easy-to-deploy and up-to-date method for monitoring SDN lists and meeting regulatory compliance," said John Daly, president of Americas Software. "With AFACS//web, users can download OFAC and other selected lists directly to their desktops where they can quickly conduct searches. This significantly reduces the time and costs associated with manual search methods."

In addition, AFACS//web:

-- Provides secure, authenticated access from any location, at any time.

-- Controls what internal users see and do.

-- Reduces deployment time and implementation costs while increasing utilization.

About Americas Software

Americas Software, headquartered in Miami, develops, markets and sells software that enables banks and other financial institutions to track, detect, investigate, report and manage suspicious activity, including money laundering. The company's flagship product ASSIST//customerknowledge (ASSIST//ck(R)), analyzes how money moves in, around and out of financial institutions by profiling account activities and monitoring transaction trends. ASSIST//ck and AFACS//web are currently installed at more than 95 locations in 23 countries.

For more information, call 305/377-3502 or visit http://www.americasoft.com.

NOTE TO EDITORS: In the product names, AFACS//web and ASSIST//ck noted in this news release, there is a double slash between AFACS and web and ASSIST and ck. This symbol may not appear properly in some systems.