Released on = August 9, 2007, 5:06 am

Press Release Author = Abdul Aziz

Industry = Software

Press Release Summary = What could be the incentives for financial institutions to
adopt compliance automation technologies, in your country?

What are the best methods to auto-track evolving money laundering methods adopted by
criminals, across the world?


Press Release Body = "Terrorists seldom kill for money, but they always need money
to kill."

"Money laundering provides organized crime with cash flow and capital which in turn
is an incentive to commit new criminal acts, thus forming a never ending spiral."

"Money laundering, especially when related to international terrorism, is not
something you can defeat on your own. The best of measures will fail if they are
restricted to our own backyard, even if it is a very big backyard,"

These statements have been made recently by Mr. Terry Davis, Secretary General of
the Council of Europe at the joint plenary of MONEYVAL and Financial Action Task
Force (FATF).

According to him, FATF's 40 Recommendations and 9 Special Recommendations on the
Financing of Terrorism may not be treaty-based, but they have been endorsed by 175
national jurisdictions worldwide and therefore represent the global reference for
the prevention of money laundering. Containing money laundering is akin to shooting
at a moving target with new methods, techniques and vehicles for money laundering
and terrorist financing being identified every day.

In view of these observations, and to facilitate financial institutions to meet
regulatory compliance requirements, Divas Software has developed a comprehensive
compliance software solution (FSP-KAT), whose architecture rests on FATF's 40+9
recommendations. A financial institution derives following benefits from this
offering:

1. It separates the good, bad and the ugly customers under the Know Your
Customer guidelines and identifies profitable customers with high life cycle values,
as an added advantage.

2. It reports cash and suspicious transactions in spite of the constantly
changing Money Laundering methods adopted and generates Cash & Suspicious
Transaction Reports as per formats defined by Financial Intelligence Units.

3. It helps in Combating Financing of Terrorism to minimize operational and
reputations risks for a financial institution.


Regards,
Abdul Aziz
abdul@divassoftware.com

Web Site = http://www.divassoftware.com

Contact Details = Abdul Aziz
abdul@divassoftware.com
Divas Offshore Software Technologies (P) Ltd.
N-1/3, DLF Phase-II, Gurgaon - 122002, INDIA.
Tel: +91.124.4018801 (8 Lines) Ext 112, Fax: +91.124.4018044