NEW YORK, June 9 /PRNewswire/ --

- New AML Release Improves SAR Reporting and Financial Crime Investigation

- Endorsed by the American Bankers Association

Fortent, the risk and compliance solutions expert, announces the release
of the latest version of its anti-money laundering (AML) technology.

AML 6.3 enables financial institutions to significantly advance the
automation of their regulatory reporting process -- including Suspicious
Activity Report (SAR) filings. It also allows greater collaboration among the
many parts of an organization involved in the financial crime-fighting and
investigation process. AML 6.3 is endorsed by the American Bankers
Association (ABA), the industry's leading trade association.

"Fortent developed AML 6.3 specifically to help our customers on both the
regulatory and cost fronts," says Sandy Jaffee, CEO of Fortent. "Our goal is
to help financial institutions take the costs out of compliance so that they
can see a higher return on their systems investments."

With the increased number of SAR filings in the wake of the subprime
crisis, and the threat of heavy regulatory penalties, financial institutions
are struggling with how to manage their reporting requirements as well as
credit and market losses. Organizations are carefully weighing their
investments in risk and compliance technology, demanding higher operational
efficiencies to satisfy cost controls and higher effectiveness levels to
fulfill regulatory requirements.

"Designed with input from our extensive global customer base, AML 6.3
significantly advances major aspects of AML compliance, including complete
automation of the regulatory reporting and information-capture processes in
SAR submissions," says Ms. Jaffee. "These enhancements dramatically reduce
the time and resources required -- and allow organizations to achieve a
higher ROI."

John Wolff, president of the ABA's Corporation for American Banking,
remarks: "Fortent's new release represents a major advancement in AML
technology for our members, but, just as important, it reflects Fortent's
understanding of the real cost pressures facing our industry. By addressing
the full scope of AML compliance concerns, Fortent presents a world-class
solution that helps meet banks' business and regulatory needs."

Fortent's AML 6.3 reflects the global nature of Fortent's client base,
supporting the preparation and electronic submission of SAR disclosures to
three major Financial Intelligence Units (FIU) -- FinCEN in the U.S., SOCA in
the UK, and JAFIC in Japan -- and to other FIUs as required. The latest
release is already being deployed at Mizuho Financial Group, one of the
world's largest banks, throughout the bank's domestic Japanese operations.

For more information or to speak with Ms. Jaffee, please contact Suzanne
Oaks or Davia Temin of Temin and Company at +1-212-588-8788 or
news@teminandco.com.

About Fortent

Fortent provides risk and compliance solutions to financial institutions,
government agencies, and individuals in more than 100 countries. It has
relationships with more than 400 institutional clients, including 26 of the
world's 30 largest financial firms, which use Fortent technology in over
50,000 locations worldwide.

Fortent combines award-winning technology innovation and expertise in
regulatory risk to help financial institutions improve productivity and
protect hundreds of millions of accounts from money laundering, terrorist
financing, and other financial crimes. Endorsed by the American Bankers
Association as the industry gold standard, Fortent's advanced systems deliver
the most efficient and effective anti-money laundering, know your customer,
and fraud detection available on the market today. Technology clients include
The Bank of New York Mellon, Bank of Tokyo Mitsubishi-UFJ, Barclays, JPMorgan
Chase, Justice Federal Credit Union (U.S. Department of Justice), Lloyds TSB,
The Royal Bank of Scotland, Scotiabank, and UBS.

Through its information and training businesses, Fortent serves as an
authoritative source of regulatory information, news, and guidance. Alert
Global Media publishes moneylaundering.com and "Money Laundering Alert," and,
in Spanish, lavadodinero.com. It also produces the world's largest money
laundering conference and exhibition. Other services include the industry's
leading professional certification program, career planning tools, web
seminars, and conferences in the U.S., Europe, Latin America, and the Middle
East.

Fortent's global team operates from key offices in New York, Miami,
Atlanta, London, and Tokyo. For further information, visit www.fortent.com.

Web site: http://www.fortent.com