American Banker, September 3, 2004

Following are excerpts taken from the September 3, 2004 edition of American Banker. The article highlights Carreker's integration of SWIFT's message formats into its Anti-Money Laundering solutions.

Carreker Corp. says it is enhancing some software to monitor Swift messages for clues to money laundering.

In mid-November it should be available for users of Core AML Filter, said Tony Kaus, the company's senior manager for anti-money-laundering products. Core AML Filter compares account and transaction information against the "watch lists" maintained by the Treasury's Office of Foreign Assets Control and other public and private databases.

It will also be part of Core Fraud Manager AML, a transaction monitoring system that is to begin beta testing this year. Bankers have been working for several years to compare account information automatically against the Treasury and similar lists, Mr. Kaus said.

Now "they're getting the message from regulators that they need an automated method to monitor transactions as well," he said.

"We're able to get much more granular in detecting activity that might be money laundering," he said. "There's a lot of detailed information available. The filter is able to look at all of that information very rapidly."