Web Seminar provided knowledge about leading USA Patriot Act Compliance Solution
DULUTH, GA (PRWEB) August 19, 2003 -- Penley Inc., the leader in account integrity, held a free educational web seminar for bank examiners across the United States. Penley provides a non-documentary solution, Fast Watch, for USA Patriot Section 326, 314(a) and OFAC compliance. The session provided examiners with a better understanding of the Fast Watch solution and how the product will be used for compliance exams at financial institutions. To review the educational session archive, go to http://www.penleyinc.com/news_events_seminararchive.html
Fast Watch is designed to provide all of the tools necessary for financial institutions to be completely compliant with the USA Patriot Act Section 326, 314(a) and OFAC. By accessing over 17 billion records for each identity verification, Fast Watch enables institutions to make a reasonable determination if a new account should be opened. The solution also offers a customized Customer Identification Program (CIP), government list screens and record storage in an easily searchable format.
As part of our ongoing training program, we believe it is important to educate the field examiners who will be performing compliance exams at Penley customers throughout the country" said Cleve Shultz, Executive Vice President of Penley. By providing information about Fast Watch to regulatory examiners, we hope to alleviate concerns our customers have about upcoming examinations."
Company Information
About Penley, Inc.
Penley is the leader in account integrity. The company provides financial institutions with easy-to-use technology solutions for identity verification and automated enrollment of new accounts. For financial institutions that need a value-driven identity verification service, Penley's Fast Watch solution provides complete USA Patriot Act Section 326, 314(a) and OFAC compliance as well as protects against identity fraud. The company's advanced technology platform ensures the delivery of superior services as well as best-of-breed automation, security, and technology. For more information or to take a test drive", please visit www.penleyinc.com.
This release may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause our actual performance or achievements to be materially different from any future results, performance or achievements expressed or implied by those statements. Penley undertakes no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to future results over time.
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