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Wolters Kluwer Financial Services Announces New Case Management Solution to Help Financial Institutions Prevent Money Laundering

Solution Gives Institutions Secure, Web-Based Access to Atchley Systems Data Sources

Wolters Kluwer Financial Services announced it is offering financial institutions a new way to help them investigate and prevent potential cases of money laundering and comply with the Bank Secrecy Act (BSA).

“ForTrust™ Case Officer, our new case management solution, builds upon Wolters Kluwer Financial Services’ trusted suite of anti-money laundering and USA PATRIOT Act technologies,” John Bryant, senior vice president of banking for Wolters Kluwer Financial Services, said. “The solution also gives institutions secure, web-based access to Atchley Systems data sources.”

The ForTrust Case Officer solution features functions that include aggregated risk assessment, case opening and assignment, work flow tracking and notes, management oversight and reporting, Suspicious Activity Report (SAR) filing capabilities, and electronic case archiving. According to Wolters Kluwer Financial Services, ForTrust Case Officer will be the first solution of its kind to interface with the Financial Crimes Enforcement Network’s BSA Direct E-Filing System ─ helping institutions to speed up their SAR filing process.

“Increased scrutiny by regulators has created a clear need for financial institutions to use policy-driven process and process oversight,” Mark Coronna, vice president of marketing for Wolters Kluwer Financial Services, said. “We’ve worked closely with institutions, regulators, and industry analysts for the past two years to learn how financial institutions could benefit from an automated case management solution. We took that knowledge and created technology that is simple to use but gives the institution the power to define its own unique risk tolerance and process, and then show adherence to both within its system.”

The ForTrust Case Officer solution’s risk assessment feature gives an institution greater control over the flood of data entering its anti-money laundering investigations department. The risk assessment feature provides an institution with a risk-scoring system it can use to apply policy-driven risk criteria to data and create a single score for prioritizing risk and investigation action.

Institutions can comply more efficiently with the Bank Secrecy Act and streamline their work flow using the ForTrust Case Officer solution. The integration of Atchley Systems data sources allows an institution to reduce the number of paper reports they must review by aggregating reports into cases based on institution-defined risk. The case management solution can also be adapted to accept other data sources specified by an institution. Such integration helps an institution to significantly reduce the time to case completion as well as expenses associated with paper and storage.

The ForTrust Case Officer solution is part of Wolters Kluwer Financial Services’ broader line of ForTrust solutions that help financial institutions combat identity theft, money laundering, and terrorism. At the heart of the solutions is PATRIOT Act Compliance Suite, an integrated and risk-based tool that helps organizations meet the identity verification and record retention requirements of Section 326 of the USA PATRIOT Act. Wolters Kluwer Financial Services’ other financial intelligence solutions include adequate notice and consumer awareness programs, operational documents, a training toolkit, Telephone/Internet Training, On-Line Training courses, and policy and procedures generation software.

In October 2005, Wolters Kluwer announced that Atchley Systems, Bankers Systems, and Wolters Kluwer’s other prominent financial services businesses will be adopting a single, unified company name—Wolters Kluwer Financial Services. The name change, effective January 2006, is part of the organization’s transformation into a broader, integrated business serving banks, credit unions, mortgage, securities, and insurance companies of all sizes.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services, a market leader and strategic customer unit of Wolters Kluwer, provides best-in-class compliance, credit, and operational risk management and workflow services and solutions; as well as capital changes and corporate actions data and tools to banks, credit unions, mortgage companies, securities organizations, and insurance companies throughout the United States. Its well-known brands include Bankers Systems, Atchley Systems, VMP Mortgage Solutions, PCi Corporation, GainsKeeper, CCH INSURANCE SERVICES, CCH Wall Street, CCH Capital Changes, and CT Insurance Services.

The organization’s solutions include documentation and documentation platforms; analytics; regulations and statutes tools; and capital changes and corporate actions services—all focused on helping its customers manage risk while becoming more efficient, productive, and responsive. For more information on Wolters Kluwer Financial Services, visit

Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, corporate services, financial services, tax, accounting, law, regulatory and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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