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Promontory Compliance Solutions

Anti-Money-Laundering Expert Promontory Compliance Solutions Spotlights Risk Management Strategies at Premier Conference

2009-05-20 16:13
  • English

June 25 Event Draws Speakers from CIA, World Bank

WASHINGTON--(BUSINESS WIRE)--Promontory Compliance Solutions, which assists major financial services companies in achieving better compliance risk management through technology, will shine the spotlight on the current state of anti-money laundering initiatives at its inaugural AML Atlas™ users’ conference.

Keynote speakers at the AML Atlas™ Forum, to be held in Washington, D.C., on June 25, will include senior officials from the Central Intelligence Agency and the World Bank. The AML Atlas™ Forum is expected to attract dozens of bank anti-money-laundering and Bank Secrecy Act compliance specialists, who will have opportunities to exchange information and hear expert updates on transnational criminal organizations and the remittance business.

AML Atlas™ is a geographic risk assessment tool that rates countries according to their perceived risk of money laundering and terrorist financing. Delivered through a subscription-only database, AML Atlas™ compiles information on over 200 jurisdictions and assigns each an overall risk score. The database, launched in 2005 and now used by community, regional, and multinational banks in the US, Europe, Asia, and Africa, can also be used to create customized reports and customized risk ratings.

“Successfully navigating today’s compliance challenges requires constant vigilance, and we are pleased to provide both the tools and the forum to help our clients manage their international exposure risks,” said Eugene A. Ludwig, Chief Executive Officer of Promontory Compliance Solutions and CEO of Promontory Financial Group LLC.

“AML Atlas™ has earned a loyal following among leading financial institutions that rely upon our authoritative data to buttress their AML/BSA compliance programs,” added Michael Dawson, Chief Operating Officer of Promontory Compliance Solutions and CEO of Promontory Financial Group (UK) Ltd.

Promontory developed the AML Atlas™ methodology to help financial institutions comply with the criteria in the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Promontory Compliance Solutions is an affiliate of Promontory Financial Group, the premier global financial services consulting firm, which was founded by Mr. Ludwig. Mr. Dawson joined Promontory in 2004 after serving as Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy at the U.S. Department of the Treasury.

In addition to AML Atlas, other Promontory Compliance Solutions offerings include RADAR™, a tool for conducting compliance risk assessments according to a uniform methodology across an entire financial holding company, and Log™, a web-based application that improves information flow and facilitates better compliance project management.

Additional information regarding the AML Atlas™ Forum, including the agenda and registration details, can be obtained upon request to info@promontorycs.com.

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Contacts

Promontory Financial Group
Debra Cope, 202-384-1011