ATTUS
Technologies, Inc., an affiliate company of Computer Services, Inc.
(CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions
provider, now protects more than 3 billion square feet of U.S. soil with
its anti-terrorism watch list monitoring solutions used by regulatory
compliance officers in real estate.
An increasing number of real estate firms are using WatchDOG®
Pro to fulfill business transactions within Office of Foreign Assets
Control (OFAC) compliance requirements that are designed to stop money
launderers, drug dealers or potential terrorists. Regulatory compliance
officers in the real estate industry point to the 2009 forfeiture of the
650 Fifth Ave. skyscraper, resulting from serious OFAC violations,
specifically, doing businesses with the Iranian Government, as the need
to take a more proactive approach to compliance. The properties wound up
under forfeiture as proceeds of money laundering offenses.
“We’re seeing a steady increase in the number of real estate companies
turning to ATTUS for OFAC compliance, because of high-profile cases like
650 Fifth Ave., or where real estate management agencies suffered
serious penalties for either ignoring or botching watch list screening
efforts,” said Bradley Allen, ATTUS Technologies, Inc. vice president.
“We’re proud to be helping companies like The
Lightstone Group and Jones
Lang LaSalle maintain their level of business excellence without
having to worry about watch list compliance.”
ATTUS Technologies surpassed the 3 billion mark with real estate
companies and property managers in large and small markets choosing the
company’s watch list screening solutions in 2011. WatchDOG Pro provides
companies with a Web-based software as a solution that features ATTUS
Technologies’ exclusive advanced search algorithm that generates a less
than 0.5 percent false positive rate and differentiates subtle name
variations, such as abbreviations and initials.
Watch list compliance enforcement by the U.S. Treasury’s OFAC has been
growing increasingly strict, and backed by heavy financial penalties,
for companies found to have failed to screen the names of potential
customers against applicable watch lists. The OFAC Specially Designated
Nationals (SDN) List helps keep money out of the hands of terrorists,
money launders, drug dealers and any other potential enemies of the
United States.
ATTUS Technologies’ solutions automate the screening process, giving
companies a more effective and accurate methodology for ensuring
compliance with OFAC and other government watch lists.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services
for regulatory compliance, homeland security and fraud prevention. ATTUS
serves more than 5,000 customers comprised of Financial Services,
Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities,
Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and
more. ATTUS’ solutions provide compliance with the requirements of the
Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of
Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network
(FinCEN), the Bureau of Industry and Security (BIS), anti-money
laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and
Regulation E. ATTUS, a wholly owned subsidiary of Computer Services,
Inc., is based in Charlotte, N.C. For more information about ATTUS,
visit www.attustech.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments
processing, Internet, card services, risk assessment, fraud prevention,
network management, regulatory compliance and document delivery
solutions to financial institutions and corporate entities across the
nation. Technology planning, personal account management and world class
customer service explain why CSI is known as one of the nation’s premier
providers of technology solutions for the financial services industry.
CSI’s stock is traded on the OTCQX under the symbol CSVI. CSI is based
in Paducah, Ky. For more information about CSI, visit www.csiweb.com.

Source(s) : ATTUS Technologies, Inc.