Cicada Expands KYC Solution Business Development Team

New York, NY - 29 April 2008

Cicada, an innovative leader in data management and compliance technology for financial institutions, has announced the addition of Shaun Hassett to its business development team. As Vice President of Business Development, Shaun is responsible for developing and expanding the company’s Cicada Profiler software business.

As subject matter expert and frequent industry speaker, Shaun’s expertise covers a full range of regulatory compliance standards and practices for the financial services industry, including Know Your Customer (KYC) data management, sanction list screening, enhanced due diligence screening and identification and monitoring of high-risk entities.

Prior to Cicada, Shaun was National Account Manager at Accuity, a provider of data, software and services to help organizations maximize efficiency and meet their regulatory compliance needs, relative to various embargo and sanctions programs and overall KYC compliance.

During his tenure at Accuity, Shaun spent over 16 years providing compliance solutions and consulting to leading financial institutions, securities firms, insurance companies, corporations and vendors, helping them employ improved Know Your Customer standards to comply with various AML regulatory requirements.

Shaun said, “Cicada Profiler is a uniquely positioned offering in the market today, as it centralizes KYC data compliance activities and integrates those workflows with list matching and AML monitoring systems. It is an exciting offering in the compliance arena, and I look forward to applying my compliance experience in working with the Cicada team to further expand the Cicada Profiler solution business.”

Cicada Profiler is a packaged solution to help firms manage customer information and conduct the due diligence processes required for compliance with today’s anti-money laundering (AML) and “Know Your Customer” (KYC) regulations. The software provides a methodical framework and built-in workflows for all core customer data management activities, from account opening, to automated risk profiling, document gathering and periodic compliance reviews.

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