AMSTERDAM, Netherlands, June 24, 2004 (PRIMEZONE) -- Wolters Kluwer, a leading multinational publisher and information services company, announced today that Bankers Systems, Inc., part of its Corporate & Financial Services division, has further strengthened its position within the United States financial services sector. Through COMPLY/AML, the newest anti-money laundering solution provided by Atchley Systems, a subsidiary of Bankers Systems, leading financial organizations will have access to several of the company's established anti-money laundering (AML) systems that help meet the reporting and monitoring requirements of the Bank Secrecy Act and USA PATRIOT Act.
Officially launched by Atchley Systems in January of 2004, COMPLY/AML helps organizations comply with the reporting and monitoring requirements of the Bank Secrecy Act and the USA PATRIOT Act. The service is delivered through an Application Service Provider (ASP) format, which allows Atchley Systems to make its AML tools accessible to a greater number of organizations by eliminating the need for specific hardware.
Atchley System's five major software systems help organizations comply with the Bank Secrecy Act and USA PATRIOT Act requirements. One of those is COMPLY/WIRE, an electronic funds transfer (EFT) monitoring and record-keeping system that enables organizations to carefully review selected categories of wire transfers and monitor them for suspicious activity. It also provides an automated way to maintain funds transfer records that can be easily retrieved when requested by examiners or law enforcement agencies.
"Bankers Systems believes in offering financial organizations flexible solutions that can grow with the client organization," said Bob White, President of Bankers Systems, Inc. "According to their needs, organizations can select from a comprehensive offering of anti-money laundering solutions through the COMPLY/AML service."
Bankers Systems acquired Atchley Systems in October 2003 to broaden its line of Financial Intelligence Solutions that help financial organizations combat identity theft, money laundering, and terrorism. At the heart of the solutions is Bankers Systems' PATRIOT Act Connection(TM), 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.
About Bankers Systems
Established in 1952, Bankers Systems, Inc., (www.bankerssystems.com), part of Wolters Kluwer's Corporate & Financial Services Division, is a leading United States provider of compliance resource solutions for financial organizations and their legal counsel. The company's lending, deposit, IRA, customer identification, and anti-money laundering solutions are used by more than 12,000 financial organizations, including banks, credit unions, finance companies, mutual fund companies, and brokerage firms. Bankers Systems' software, documents, training, and support services help organizations be more productive, work more efficiently, and grow their businesses.
Atchley Systems, Inc. (www.atchleysystems.com) is the leading provider of anti-money laundering solutions to financial organizations in the United States. Its software solutions are used by nineteen of the 25 largest commercial banks in the United States. Atchley Systems' products include five major components that help organizations comply with the Bank Secrecy Act and help prevent money laundering and terrorist financing.
About Wolters Kluwer
Wolters Kluwer (Euronext Amsterdam: WKL) is a leading multinational publisher and information services company. The Company's core markets are in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. As of 2003, Wolters Kluwer has annual revenues of EUR 3.4 billion, employs approximately 19,500 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Media Caroline Wouters Vice President, Corporate Communications t + 31 (0)20 6070 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations t + 31 (0)20 6070 407 ir@wolterskluwer.com www.wolterskluwer.com