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605 Third Avenue
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Boston, USA Office

320 Congress Street 7th Floor
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New Jersey, USA Office

2 Journal Square Plaza
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Denver, USA Office

4725 Independence Street
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Toronto, Canada Office

4 King Street West
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193 Marsh Wall
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Frankfurt, Germany Office

Mainzer Landstraße. 211
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Hyderabad, India Office

Adjacent to Cyber Towers, Hi-Tec City, Madhapur,
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Telangana
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5th FloorRutonjee HouseRuttonjee Centre11 Duddell Street
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Tokyo, Japan Office

10/F Kojimachi KS Square5-3-3 Kojimachi, Chiyoda-ku
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Mezzanine Suite 150 Margaret Street
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White Plains, NY USA Office

10 Bank Street, Suite 880
White Plains
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Singapore Office

8 Robinson Road# 09-00 ASO BuildingSingapore 048544
Singapore District
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South Africa Office

8th Floor, Fredman Towers13 Fredman DriveSandown 2196South Africa
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Mississauga, Canada Office

5970 Chedworth Way
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Czech Republic Office

Trojanova 18120 00 Prague 2
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5 Dakota Drive
Lake Success
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Amsterdam Office

Unit 1AJ Ernststraat 199
Amsterdam
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Telephone

+44 207 551 3000

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Marketing
[email protected]
Back to all Broadridge Financial Solutions announcements

ADP Announces PATRIOT Act Customer Identification Program Solution

New York, NY - May 3, 2004 - ADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc. (NYSE: ADP), announced today the launch of its new customer identity verification system. This system is fully integrated with ADP's Brokerage Processing Services (BPS) securities processing system to streamline the back office operation.

This system enables a broker-dealer's compliance and new accounts departments to efficiently verify their customers' identities in accordance with the USA PATRIOT ACT and securities industry best practices as part of the firm's comprehensive Anti-Money Laundering Program.

This new customer identification verification system, built in partnership with RemitPro, maximizes operational efficiency through the use of a web accessible case management tool with built-in exception handling and complete audit trail functionality. RemitPro's Risk Alert application receives customer identification information through a direct interface with the BPS Name and Address records. Based on client-controlled requirements, Risk Alert accesses multiple vendor and public databases to verify the identity of potential customers using sophisticated, automated matching criteria.

Through the interface, Risk Alert provides extensive functionality to research and manage exceptions with complete audit trails, including updates to BPS.

Marianne Brown, Senior Vice President and General Manager of ADP's Brokerage Processing Services said, "The production launch of this system represents another important step forward in ADP's overall strategy to provide complete compliance technology solutions to our clients in all areas of brokerage processing. With the addition of this new product to ADP's overall product suite, we are providing our clients with tools necessary to improve their overall efficiency in meeting their compliance obligations under the Customer Identification Program of the USA PATRIOT Act."

"We are proud to be selected by ADP," said Jana Waughn, President and CEO of RemitPro. "RemitPro specializes in customizable solutions for the brokerage industry. As a leader in customer identification solutions, we know what it takes to meet the requirements of the USA PATRIOT Act. Our expertise ensures that our clients are equipped with a best-in-class, comprehensive solution.''