BANKDetect, WorldCompliance Join to Provide Fully Integrated Anti-Money Laundering and Counter Terrorism Financing Solution.

WASHINGTON -- Partnership Produces One-Step Solution to Address USA PATRIOT Act Section 326 and 312 Requirements

BANKDetect, a privately held knowledge-based technology company that focuses solely on loss prevention and compliance for financial industries, announced at the American Bankers Association's Money Laundering Enforcement Conference that it has partnered with Miami-based WorldCompliance, a global leader in Know Your Customer (KYC) information.

The partnership allows BANKDetect to offer an unmatched suite of solutions for account opening and client screening procedures. Using BANKDetect's RiskTracker - ID/CIP(TM) system, financial institutions can perform a variety of duties simultaneously and in a real time environment. Enhanced capabilities include the ability to:

--search the National Computer Network (NCN) banking history database for closed-for-cause accounts;

--verify a client's identity using more than 130 different checks on elements such as address, phone number, social security number and driver's license number;

--screen for Politically Exposed Persons, terrorists, money launderers or their circle of trust.

"We are proud to welcome BANKDetect as a partner," said Dirk Mohrmann, chairman of WorldCompliance. "This gives financial institutions an innovative and complete answer to KYC requirements during the account opening process and is an important step in the protection of the integrity of the financial system."

"This is the first product we are aware of that allows financial institutions to verify - in real time - the identity of a new client while simultaneously checking whether that client is a suspected or known corrupt politician, terrorist, money launderer or fraudster," said Bob Cofod, president and founder of BANKDetect. "When evaluating the data providers in the market place, we found that WorldCompliance provides the highest quality data, which is essential for the accurate performance of our RiskTracker system. This enables us to integrate the results of the account opening screening also in our AML tools, and can minimize manual work for the compliance department."

About WorldCompliance

Miami-based WorldCompliance offers screening solutions to identify high-risk clients such as Politically Exposed Persons, individuals and companies related to terrorism financing, money laundering, fraud, corruption and drug trafficking plus their family members and associates. Unmatched in quality and coverage, it contains over 500,000 detailed profiles with dates of birth, addresses, national ID numbers and even portrait photographs. Its comprehensive data is referenced to over 850,000 source links and is updated on a real time basis. Recognized as an industry innovator with unrivaled integrity, WorldCompliance is the chosen solution by many of the world's largest financial institutions, which seek more than a check-box approach. For more information, visit the company's Web site at www.worldcompliance.com.

About BANKDetect

BANKDetect, LLC, is a privately held advanced automated analysis company based in Churchton, Md., just outside of Annapolis, Md. The company focuses solely on fraud and abuse prevention for the financial industry and develops and operates analytical systems using more than 30 years of experience drawn from the U.S. national and defense intelligence communities.

BANKDetect offers several products to prevent fraud: RiskTracker-ID/CIP performs identity analysis and verification for new accounts, satisfying fraud prevention due diligence and AML compliance; RiskTracker - A3 is a highly advanced transaction analysis system that is capable of detecting billions of combinations of fraud-related risk for a single transaction. The company also offers the RiskTracker - AML system, which performs analysis of all transaction types to detect evidence of money laundering and terrorism financing.

For more information, contact BANKDetect at 5419 Deale Churchton Road, #205, Churchton, MD 20733-2404; call 410-867-8217 or visit the company's Web site at www.bankdetect.com.