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World Compliance: Creating Stronger Ties To Fight Crime
- Open Source Intelligence used to aid in the fight against drug trafficking and money laundering - World Compliance and Verifica create partnership to offer state of the art Know Your Customer (KYC) technology
MIAMI, March 16 -- As drug trafficking and money laundering continue to grow, governments are enacting tougher laws to combat the surge. Costa Rica is no different, leading the fight by instituting tougher legislation in this country of four million inhabitants. To achieve this goal, companies -- primarily financial institutions -- are required to identify their customers and the source of their income.
World Compliance announced today a partnership agreement with Verifica, Costa Rica's leading provider of Anti-Money Laundering and Know Your Customer software. "The partnership with Verifica is the culmination of several months of development to ensure that the product we deliver is the absolute best in class," said Jose Da Silva, Latin America Sales Director for World Compliance.
"We have combined efforts to offer a solution that not only provides customers with profiles containing unique identifiers such as national IDs, photos, date of birth as well as a relationship tree with their family members and associates, but also instant alerts from major warning lists such as the FBI, OFAC, Interpol and SUGEF," added Mr. Da Silva.
About Verifica
Verifica S.A.S.I. is the leading provider of Anti-Money Laundering (AML) and Know Your Customer (KYC) software in Costa Rica. They provide solutions and help protect over 95% of the country's financial institutions and over 1,200 commercial enterprises.
Verifica S.A.S.I. is a subsidiary of the Teletec Group and is composed of the Teletec credit bureau, Gestionadora Internacional and Soluciones Ubicar.
For more information, go to http://www.verifica.co.cr
About World Compliance
World Compliance protects over 2,000 clients in over 100 countries and offers solutions for compliance with FCPA, The USA Patriot Act and European Union regulations. Their products are used to identify entities linked to over twenty risk categories including corruption, terrorism financing, narcotics, money laundering, fraud, collateral crimes and politically exposed persons.
To learn more about World Compliance and protecting your organization, go to http://www.worldcompliance.com
Follow us on Twitter at http://twitter.com/WorldCompliance
Source: World Compliance
CONTACT: Lee Moran, +1-877-258-1877, x263, leem@worldcompliance.com
Web Site: http://www.worldcompliance.com/
World Compliance: Creating Stronger Ties To Fight Crime
- Open Source Intelligence used to aid in the fight against drug trafficking and money laundering - World Compliance and Verifica create partnership to offer state of the art Know Your Customer (KYC) technology
MIAMI, March 16 -- As drug trafficking and money laundering continue to grow, governments are enacting tougher laws to combat the surge. Costa Rica is no different, leading the fight by instituting tougher legislation in this country of four million inhabitants. To achieve this goal, companies -- primarily financial institutions -- are required to identify their customers and the source of their income.
World Compliance announced today a partnership agreement with Verifica, Costa Rica's leading provider of Anti-Money Laundering and Know Your Customer software. "The partnership with Verifica is the culmination of several months of development to ensure that the product we deliver is the absolute best in class," said Jose Da Silva, Latin America Sales Director for World Compliance.
"We have combined efforts to offer a solution that not only provides customers with profiles containing unique identifiers such as national IDs, photos, date of birth as well as a relationship tree with their family members and associates, but also instant alerts from major warning lists such as the FBI, OFAC, Interpol and SUGEF," added Mr. Da Silva.
About Verifica
Verifica S.A.S.I. is the leading provider of Anti-Money Laundering (AML) and Know Your Customer (KYC) software in Costa Rica. They provide solutions and help protect over 95% of the country's financial institutions and over 1,200 commercial enterprises.
Verifica S.A.S.I. is a subsidiary of the Teletec Group and is composed of the Teletec credit bureau, Gestionadora Internacional and Soluciones Ubicar.
For more information, go to http://www.verifica.co.cr
About World Compliance
World Compliance protects over 2,000 clients in over 100 countries and offers solutions for compliance with FCPA, The USA Patriot Act and European Union regulations. Their products are used to identify entities linked to over twenty risk categories including corruption, terrorism financing, narcotics, money laundering, fraud, collateral crimes and politically exposed persons.
To learn more about World Compliance and protecting your organization, go to http://www.worldcompliance.com
Follow us on Twitter at http://twitter.com/WorldCompliance
Source: World Compliance
CONTACT: Lee Moran, +1-877-258-1877, x263, leem@worldcompliance.com
Web Site: http://www.worldcompliance.com/