Export-Import Bank of the United States (Ex-Im Bank) Selects ATTUS Technologies, Inc. as a Provider of OFAC Compliance Solutions
Source PRNOTW
CHARLOTTE, N.C. , Nov. 19 /PRNewswire/ -- ATTUS Technologies, Inc., a trusted and innovative regulatory compliance partner to over 4,000 clients, announced today that it has been chosen as one of two companies who will assist Ex-Im Bank, the official export-credit agency of the United States , to comply with the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) compliance requirements.
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Export-Import Bank of the United States provides financing for U.S. businesses enabling them to export U.S. goods and services to international markets. In this role, Ex-Im Bank deals with businesses of all sizes making it vital that it comply with OFAC restrictions against doing business with any individuals or entities suspected of terrorist activities.
ATTUS' WatchDOG(TM) Pro is a web-based solution that offers clients the ability to cross check their customer lists against up to sixteen watch lists, including OFAC's SDN list. It uses the most advanced search algorithm to reduce the number of false positive matches that clients encounter resulting in more accurate and precise search results.
"Ex- Im Bank is a vital part of the U.S. economy enabling U.S. businesses to increase their export opportunities which helps keep those businesses strong," said Tom Fedell , President and CEO of ATTUS Technologies, Inc. "We are very excited that Ex-Im Bank has chosen ATTUS as a partner in managing their OFAC compliance."
About Export-Import Bank of the United States
Export-Import Bank of the United States (Ex-Im Bank) is the official
export-credit agency of the United States . The independent, self-sustaining
federal agency, now in its 74th year, helps create and maintain U.S. jobs by
financing the sale of U.S. exports, primarily to emerging markets throughout
the world, by providing loan guarantees, export-credit insurance and direct
loans. In fiscal year 2007, Ex-Im Bank authorized
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,000 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina . For more information about ATTUS, visit http://www.attustech.com
Jalana Ballen , Marketing Director,
888-494-8449, or [email protected]
SOURCE ATTUS Technologies, Inc.
