Americas Software to Install Anti-Money Laundering Software at Austrian, German and Venezuelan Banks.Business Editors/High Tech & Government Writers MIAMI--(BUSINESS WIRE)--Nov. 27, 2001 Americas Software, a developer of software for global financial institutions, today announced it has signed contracts to install its ASSIST//customerknowledge (ASSIST//ck) 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. system at Raiffeisen Banking Group (RZB RZB Raiffeisen Zentralbank Österreich AG (Austria) RZB Rudolf Zimmermann Bamberg (German) ), the second largest banking group in Austria; Westdeutsche Landesbank Girozentrale (WestLB), Germany's largest credit institution; and Banco del Caribe, Venezuela's seventh-largest bank. The installations will enable the banks to meet regulatory compliance and automate the detection, investigation and reporting of suspicious account activity, including 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. . The additions of RZB, West LB and Banco del Caribe to Americas Software's customer base increase the number of financial institutions using the company's ASSIST//ck software to 75. RZB also becomes the company's first client in Austria. "The events of the past few months have heightened the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry's concerns with money-laundering activities and have highlighted the need for products to automate the analysis of the movement of funds," said John Daly John Daly is the name of:
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 A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , ASSIST//customerknowledge (ASSIST//ck), analyzes how money moves in, around and out of financial institutions by profiling account activities and monitoring transaction trends. For more information, call (305) 377-3502 or visit http://www.americasoft.com. NOTE TO EDITORS: In the product name ASSIST//customerknowledge (ASSIST//ck) noted in this news release, there is a double forward slash The forward slash, or slash, character (/) is the divide symbol in programming and on calculator keyboards. For example, 10 / 7 means 10 divided by 7. The slash is also often used in command line syntax to indicate a switch. For example, in the DOS Xcopy statement xcopy *. between ASSIST and customerknowledge and a double forward slash ASSIST and ck. This symbol may not appear properly in some systems. |
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