Anti-Money Laundering (AML) White Paper

London - 26 March 2008

The CEO of Peach, a compliance, risk and change management company in the UK, today announced the release of a unique White Paper on AML, in connection with its AML Certification (AMLCâ„¢) for financial institutions and software vendors, to help them with their AML compliance issues and challenges.

In the current regulatory environment, companies are required to know that they:
• Are not doing business with money launderers and/or terrorists
• Are not in breach of ‘Know Your Client’- KYC - requirements etc.
• Are not over-exposed to losses should one of their staff members, customers, vendors, security holdings, or counterparties fail in their duties.
• Can confidently certify their financial statements and have sufficient credit and liquidity to do business in worst-case scenarios because they effectively manage their risks and monitor material events (as required by AML, Sarbanes-Oxley, Basel II, Solvency II, MiFID, ALM etc.)

AML is affected by and affects Sarbanes-Oxley Act, MiFID (Markets in Financial Instruments Directive), Basel 2, Solvency 2 Accord, Asset & Liability Management (ALM), and other related frameworks.

Peach’s White Paper discusses that instead of working within the AML silo, Peach’s AML solution cross refers AML requirements to the other relevant frameworks for overlaps and conflicts, thus integrating AML with other rulebooks and processes.
Peach’s white Paper indicates how companies can avoid very costly and time-consuming duplication, triplication or quadruplicating of data entry, project implementation, information maintenance and disaster recovery expenditure, efforts and resources.

Peach’s AML solution and other similar solutions of Peach are based on Dr Abe Abrahami’s 34 year-experience and know-how that have helped blue chip companies and government agencies to save or increase revenue by an estimated $300 million US dollars.
Peach solutions also incorporate essentials from Dr Abrahami’s book on Compliance & Change Management.

The Institute of Management Specialists and Ansted University accredit and validate Peach’s best-practice, proven and successful techniques and training courses.

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