NEW YORK, June 24 /PRNewswire/ --

- Largest Middle East bank network adopts advanced compliance technology

Risk and compliance specialist Fortent announced today that Arab Bank has
implemented Fortent's anti-money laundering (AML) solution throughout the
bank's European and Levant operations, with work underway to introduce the
system across its remaining branches in the Gulf, Asia Pacific, Australia,
and North Africa. Headquartered in Amman, Jordan, with total assets
approaching US$38.3 billion, Arab Bank is implementing Fortent's most
advanced AML technology to monitor transactions in the institution's 400
branches spanning 29 countries and 5 continents.

Stronger demand for Middle East AML

As Middle Eastern financial centers attract ongoing foreign investment,
the region's regulatory authorities continue implementing stricter AML rules
on the financial services industry. This push for enhanced monitoring
practices has prompted a strong demand for solutions that meet regulatory
compliance expectations and that have proven effective in the detection of
suspicious activity.

"As one of the most esteemed financial institutions in the Middle East,
maintaining the largest Arab banking branch network worldwide, the Arab Bank
continues to fortify its AML defences and lead the region in establishing an
increasingly advanced compliance practice," said Robert Binney, Vice Chairman
of Fortent.

"Fortent is working with Arab Bank to ensure that their AML compliance
monitoring needs are being met across their multiple lines of business and
throughout their growing global network," said Mr. Binney. Fortent has
implemented its AML system in a wide range of financial institutions,
customizing the solution to local markets in Europe, North America, Asia, and
South Africa.

Translating data into intelligence

Mr. Abdel Hamid Shoman, Arab Bank Chairman and CEO, remarked, "In
furtherance of Arab Bank's existing AML program, Fortent's AML monitoring
system provides us the tool necessary to process raw data in a more timely
and efficient manner into meaningful intelligence that is used to prevent,
detect, and report suspicious activity."

"Widely recognized internationally as the premiere AML monitoring
solution, Fortent has proven capable of delivering a multi-country,
multi-line-of-business web-based client platform system that functions using
both Arabic and English characters," noted Mr. Michael Matossian, EVP and
Global Head of Group Regulatory Compliance at Arab Bank.

Business benefits, best practice

Fortent AML is an end-to-end solution -- a true business intelligence
system that incorporates not only AML monitoring, but also Know Your Customer
and Enhanced Due Diligence detection as well as comprehensive case
management.

"Arab Bank, working in partnership with Fortent's professional services
team, has deployed the Fortent AML system on time and within budget in both
Europe and the Levant region. Our focus and commitment is now on fine-tuning
the system and completing the implementation of the Fortent solution
throughout the remaining Arab Bank global network," commented Mr. Matossian.

"The goal of the Arab Bank from the outset was to effectively deploy an
industry-leading AML monitoring system; the success we have had with this
implementation to date is a testament to the capabilities and effectiveness
of our solution as well as the dedication and collaboration of the Arab Bank
and Fortent teams," said Mr. Binney.

If you would like to speak with Mr. Binney, 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 delivers the
world's leading sources of regulatory news, analysis, and guidance.
Moneylaundering.com (and, in Spanish, lavadodinero.com) is the top-ranked
site for money laundering news across the globe, while Fortent Inform serves
as a groundbreaking regulatory information management tool for institutions
in the U.S. In addition to producing the world's largest money laundering
conference and exhibition, Fortent offers 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
http://www.fortent.com.

About Arab Bank Group

Arab Bank Group is one of the largest banking institutions in MENA, with
a shareholders' equity base of US$6.9 billion, a total balance sheet size of
US$54.8 billion at end of 2007, and a 2007 pre-tax profit of
US$1001.1 million.

Arab Bank is the largest Jordanian financial institution in terms of
assets, equity, and banking market share; the Arab Bank Group has a
geographically diversified international network of more than 400 branches in
29 countries, spanning 5 continents. The Bank is ranked amongst the largest
international financial institutions, with a rating of A- from Fitch, A- from
Standard & Poor and A3 from Moody's.

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