Japan's Largest Trust Bank Selects Fortent Monitor Anti-Money Laundering Solution


TOKYO, June 30 /PRNewswire/ --     Fortent, a provider of risk and compliance technology and information,
today announced that Mitsubishi UFJ Trust and Banking Corporation (President:
Kinya Okauchi), a major wholly owned subsidiary of Mitsubishi UFJ Financial
Group, Inc. (President & CEO: Nobuo Kuroyanagi), has selected the Fortent
Anti-Money Laundering software for the firm's Japanese domestic operations.

Mitsubishi UFJ Trust and Banking Corporation has over US$1,000 billion of
trust assets under management as of FYE March 2009.

Based in the United States, Fortent offers risk and compliance technology
and information solutions to banks, insurance companies, brokerage firms,
government agencies, businesses, and compliance professionals in more than
100 countries. Its advanced monitoring and detection systems deliver the
lowest false-positive rates in the industry, reducing clients' compliance
operating costs while helping them meet increasingly strict regulatory
requirements worldwide.

"With its selection of Fortent from among a various solution vendors,
Mitsubishi UFJ Trust and Banking Corporation decided that Fortent met with
the requirement for anti-money laundering software solution that was not only
best in class, but also had a proven track record both in the Japanese and
overseas markets and demonstrated its commitment to the Japanese market. We
are delighted with the decision by Mitsubishi UFJ Trust and Banking
Corporation for selecting us as it will strengthen our position as the
leading provider of financial crimes and compliance solutions in Japan," said
Robert Binney, Vice Chairman, Fortent.

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, 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), The Lloyds Banking Group,
Mizuho Group, 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.



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.