| |
Carreker’s Anti-Money
Laundering Filter Selected as Integral
Element in Deloitte’s Online
AML Compliance Offering
Deloitte AMLcheck™ leverages
expertise from Carreker, Deloitte,
and World-Check to tailor AML information
to each country’s laws.
DALLAS, TEXAS (DALLAS, TEXAS
(November 21, 2005) — Carreker
Corporation (Nasdaq: CANI), a leading
provider of technology and consulting
solutions for the financial industry,
today announced the integration of
its AML Filter™ with Deloitte
AMLcheck™, the online anti-money
laundering compliance tool that helps
banks, non-bank financial institutions,
lawyers, accountants, real estate
agents and other businesses affected
by AML regulation to cost-effectively
meet their AML compliance obligations.
Developed in Australia, where Carreker’s fraud
detection solutions already serve all the major banks,
Deloitte AMLcheck™ is a secure, web-based ‘Know
your customer’ (KYC) tool that enables businesses
to perform customer checks against national and international
databases and sanctioned lists, to validate the identity
of customers and determine whether they are a known
money launderer or terrorist financer.
Deloitte AMLcheck™ does not
require any costly IT system or software
implementation. Users are charged
a low, flat monthly subscription
fee for access and a per transaction
fee for making checks. The
tool also provides AML compliance
training for employees to arm themselves
with the knowledge to recognize attempts
to launder money.
Carreker’s AML Filter matches
customer names against World-Check’s
comprehensive database of people
and companies considered to be of
a high or heightened risk including
100 sanction and embargo lists. Intelligence
contained in World-Check is gathered
from over 200,000 sources worldwide.
After the first wave of anti-money
laundering laws and regulations went
into effect, many banks invested
heavily in solutions, only to find
those solutions unsuitable as threats
and laws changed or other countries
imposed a different set of measures.
“As banks and other small
businesses prepare to comply with
increasingly more stringent anti-
money laundering legislation, the
need for a cost-effective compliance
tool has never been more apparent,
said Tim Phillipps, Deloitte AML
Team Leader. “Deloitte
AMLcheck™ is an advanced compliance
solution that combines Carreker’s
years of experience in providing
industry-leading risk management
tools to the financial services industry
with Deloitte’s highly successful
Forensics Practice and World-Check’s
industry-leading approach to politically
exposed persons (PEP) identification
and list management.”
"Working with leaders such
as Deloitte and Carreker on such
a cutting-edge KYC solution for non-financial
institutions is extremely exciting,” said
David Leppan, World-Check Founder
and CEO. “As the industry-leader
in the field of KYC and PEP intelligence,
we are delighted to have been selected
and we are certain that the combination
of expertise being offered via AMLcheck™ will
be extremely well received.”
Thomas G. Gordon, Executive Vice
President, Risk Solutions Group,
Carreker, said, “The challenge
for our clients is daunting. They
must stay current with myriad, changing
rules in different countries, ensure
employees are fully trained on AML
deterrence and compliance, and protect
their deposits, customers, and reputations
through database technology and analytics.
“The situation clearly requires
trusted providers with international
reach, a comprehensive solution that
can be tailored to each locale – and
of course a cost-effective delivery
method that can keep content current. Our
alliance with Deloitte and World-Check
covers all those bases. As
we see success in our Australian
deployment, we look forward to expanding
to other countries.”
J.D. (Denny) Carreker, Chairman
and CEO, Carreker, said “We’re
delighted to join forces with two
industry leaders like Deloitte and
World-Check to combat the growing
world-wide problem of money laundering. This
alliance leverages Carreker’s
global risk management footprint
and allows us to scale the combined
offering worldwide to any organization – regardless
of size.”
Deloitte AMLcheck™ is currently
available in Australia and there are
plans to roll it out to other key markets
including the US and UK in 2006.
About Carreker Corporation
Carreker Corporation improves earnings
for financial institutions around
the world. The Company’s integrated
consulting and software solutions
are designed to increase clients’ revenues
and reduce their expenses, while
improving security and increasing
the value of their customer relationships.
Carreker provides products and services
to more than 250 clients in the United
States, Canada, the United Kingdom,
Ireland, continental Europe, Australia,
New Zealand, South Africa, South
America, Mexico, and the Caribbean.
Clients include the full range of
community, regional and large banks,
among them more than 75 of the largest
100 banks in the United States. Headquartered
in Dallas, Texas since 1978, Carreker
Corporation has offices in London
and Sydney. For more information,
visit www.carreker.com.
About Deloitte
Deloitte has extensive experience in providing
AML solutions to organisations in the private and
public sectors across Australia, throughout the
APAC region and in the global arena. For more information
visit www.deloitte.com/au/aml.
About World-Check
World-Check is the global leader
in the provision of researched, correlated
and structured risk related intelligence
that will dramatically reduce and
mitigate your reputational, financial
and compliance risk www.world-check.com. |
|
