FATO, founded in 2009, provides solutions and services for compliance specifically in the area of Anti of Money Laundering (AML). Its SIRCOI (Tracking System Capital of Illicit Origin) solution was designed to meet the growing demand for solutions to combat money laundering in the Brazilian territory. Over 20 financial institutions utilize FATO's SIRCOI solution. In the coming months, SIRCOI will be integrated with Firco Due Diligence, FircoSoft's KYC solution for sanctions and PEPs screening of relationship information and customer data.

"FircoSoft's strong reputation in the market and world-renowned matching algorithms will complement our AML technology, and give our customers the best solution available today in the market to address AML and KYC/CDD. We look forward to expanding our customer base in Brazil with this unique solution to provide FATO customers and financial institutions in the region a way to significantly boost KYC/CDD controls and improve reputational protection," said Franco Tanaka, Director of FATO.

"We are very pleased to add FATO to our partner network in South America. As a well-established AML solution provider with strong local expertise, FATO's SIRCOI solution combined with Firco Due Diligence will provide customers with a robust, industry-proven and cost-effective solution to better serve the Brazilian market," said Gilberto Pacheco, Manager Director of FircoSoft's Brazil.