ADP Clearing & Outsourcing Services licenses Gifts anti-money laundering system
18 November 2005 | 2549 views | 0
Source: Gifts Software
GIFTS Software, a leading provider of anti-money laundering, funds transfer, and e-banking solutions, announced today that ADP Clearing & Outsourcing Services, Inc. has selected its Anti-Money Laundering Solution, GIFTSWEB EDD.
Paul Campanaro, Vice President, GIFTS Software, said, "We are very excited to welcome a distinguished company such as ADP into the growing global family of GIFTSWEB users who are successfully deploying our anti-money laundering solution to stay in compliance with ever-changing regulations."
The implementation of the GIFTSWEB EDD Solution will assist ADP Clearing & Outsourcing Services, Inc. in responding to U.S. Bank Secrecy Act requirements, as amended by the USA Patriot Act of October 26, 2001.
Comprised of five powerful modules: Subpoena/Inquiry, Profiler, Patterning, OFAC/Sanction List, and CIP, GIFTSWEB EDD is the solution to "Knowing Your Customer."