19.12.2011 15:03:00
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ATTUS Technologies’ WatchDOG® Pro Helps Non-Profits Maintain Regulatory Compliance
Today’s ever-strengthening regulatory environment impacts business of all types, even non-profit entities delivering outreach and social justice. Supporting the compliance needs of charitable organizations, ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, saw a record number of non-profit organizations select its WatchDOG Pro software as their regulatory compliance solution.
World Vision International is a Christian relief, development and advocacy organization that helps children, families and communities overcome poverty and injustice. CHF International strives to be a catalyst for long-lasting positive change in low and moderate-income communities around the world, having helped people in 85 countries since it was founded in 1952. And they are part of the nearly 40 percent jump in the number of non-profits that chose ATTUS Technologies in 2011 for regulatory compliance responsibilities.
"Regulatory compliance is getting more and more strict, and even harder to keep up with for non-profit organizations like ours,” said Nubia Pacheco, associate counsel with CHF International. "ATTUS’ WatchDOG Pro is a great solution, and it’s become such a help to us. It is very user friendly, but at the same time, it’s a very robust solution. You can easily check multiple watch lists and even our people in the field have no trouble using it.”
Non-profits are regularly audited, especially non-profits that operate humanitarian missions in sanctioned countries. Vendors they use inside of these countries must be scanned against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) watch lists for potential hits–even though non-profits are licensed to operate in these nations. ATTUS Technologies’ exclusive, advanced search algorithm generates a less than 0.5 percent false positive rate and differentiates slight name variations like abbreviations and initials. This allows non-profits to be certain of compliance while quickly and efficiently helping people all around the world.
"ATTUS Technologies considers it an honor to serve organizations that are literally changing the world for the better,” said Bradley Allen, vice president at ATTUS Technologies, Inc. "All of these non-profits know that, even while they’re giving everything they can to make the world a better place, they still must comply with strict federal regulatory issues. And we’re proud they’ve chosen ATTUS Technologies and our WatchDOG solution to help them.”
WatchDOG Pro’s advanced search algorithm allows precision screening of OFAC and BIS watch lists. Watch-list screening keeps money out of the hands of terrorists, money launders and narcotics traffickers, which is why the federal government enforces regulatory compliance with strict enforcement and crippling fines for violations.
In addition to ATTUS Technologies’ WatchDOG Pro, non-profits also are turning to WatchDOG WinPro and Outsourced Watch List Services to supplement their regulatory compliance programs.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. ATTUS serves over 4,500 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more. ATTUS’ solutions provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS, a wholly owned subsidiary of Computer Services, Inc., is based in Charlotte, N.C. For more information about ATTUS, visit www.attustech.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, managed services, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry. CSI’s stock is traded on the OTCQX under the symbol CSVI. CSI is based in Paducah, Ky. For more information about CSI, visit www.csiweb.com.
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