Americas Software to Install Anti-Money Laundering Software at Financial Institutions in the United Kingdom & France.Business Editors/Technology Writers MIAMI--(BUSINESS WIRE)--Feb. 12, 2002 Americas Software today announced it has signed contracts to install its ASSIST//ck(R) money-laundering detection system at Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , a London-based emerging markets bank with more than 500 offices in 50 countries, and Credit Agricole Indosuez, the wholesale bank of Credit Agricole group, France's largest bank with offices in more than 60 countries. The installations at Standard Chartered Bank and at the private banking offices of Credit Agricole Indosuez automate To turn a set of manual steps into an operation that goes by itself. See automation. their existing controls and allow them to systematically monitor, detect, investigate and report suspicious 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. . At the same time, it will enable them to comply with international anti-terrorism legislation 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. . "By leveraging technology to detect and investigate money laundering, Standard Chartered Bank and Credit Agricole Indosuez's private banking units are taking a proactive stance against this type of criminal activity and protecting their institutions from strict regulatory scrutiny," 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. |
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