ACB: Press Releases

Joint News Release

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Joy Harper Banker’s Toolbox Public Relations (678) 781-7203	For Immediate Release April 3, 2006
E-mail: [email protected]

ACB SELECTS BANKER’S TOOLBOX FOR ANTI-MONEY LAUNDERING DETECTION AND REPORTING SYSTEM

Press Release Tools
	E-mail This Press Release
	Printer-Friendly Format

ACB officially endorses Banker’s Toolbox’ automated AML solution because of focus on community banks and their high level of customer service and customer satisfaction

WASHINGTON, D.C., April 3, 2006 – America’s Community Bankers has selected Banker’s Toolbox, Inc., a provider of enterprise software solutions designed to increase operational efficiencies, as its Preferred Solution Provider for anti-money laundering (AML) detection and reporting systems. The announcement was made at the ACB’s recent National Operations, Security and Technology Conference & Marketplace.

The Bank Secrecy Act Anti-Money Laundering Management System, or BAM, is Banker’s Toolbox’ complete end-to-end software system that provides solutions for researching, analyzing, identifying, documenting and reporting suspicious customer transactions. The application aggregates, compiles, stores, and analyzes data to identify high-risk accounts and activities for easy monitoring. It also helps identify suspicious activities and prepares and electronically files Suspicious Activity Reports – all within a single interface.

“America’s Community Bankers selected Banker’s Toolbox as our Preferred Solutions Provider of AML solutions based on the company’s high levels of customer service coupled with a solution that is specifically designed to handle the unique needs of community bankers,” said Diane Casey-Landry, ACB president and CEO.

“We are honored to be given this designation by such a reputable organization,” said Daniel Cho, founder and CIO of Banker’s Toolbox, Inc. “With BAM, community bankers are equipped with the tools necessary to proactively comply with the AML requirements of the USA PATRIOT Act. Banker’s Toolbox designed BAM with the community banker in mind, and we look forward to working closely with America’s Community Bankers to enable member banks to identify and successfully mitigate money laundering.”

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

About Banker’s Toolbox, Inc.

Founded in 2000 and headquartered in Los Angeles, Banker’s Toolbox, Inc., specializes in providing enterprise software solutions designed to increase operational efficiencies, improve customer satisfaction and enhance internal controls for community and regional banks. Banker’s Toolbox’ line of software systems consists of solutions for money laundering detection and reporting, wire processing automation, employee training and testing and customer account summary notification. The company’s unique employee roster of seasoned bankers and information technology consultants specializes in designing, developing, installing and implementing information management and communications tools that are customized for the banking industry. Additional information about Banker’s Toolbox is available via the company’s Web site at www.bankerstoolbox.com.

-30-