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Creating Stronger Ties To Fight Crime

Date: March 15, 2010

World Compliance and Verifica create partnership to offer state of the art Know Your Customer (KYC) technology

MIAMI, March 16 /PRNewswire/— As drug trafficking and money laundering continue to grow, governments are enacting tougher laws to combat the surge. Costa Rica is no different, leading the fight by instituting tougher legislation in this country of four million inhabitants. To achieve this goal, companies — primarily financial institutions — are required to identify their customers and the source
of their income.

WorldCompliance announced today a partnership agreement with Verifica, Costa Rica’s leading provider of Anti-Money Laundering and Know Your Customer software. “The partnership with Verifica is the culmination of several months of development to ensure that the product we deliver is the absolute best
in class,” said Jose Da Silva, Latin America Sales Director for World Compliance.

“We have combined efforts to offer a solution that not only provides customers with profiles containing unique identifiers such as national IDs, photos, date of birth as well as a relationship tree with their family members and associates, but also instant alerts from major warning lists such as the FBI, OFAC, Interpol and SUGEF,” added Mr. Da Silva.

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