"As Financial Crime becomes more pervasive and financial institutions '
vulnerabilities make the 6 o'clock news, FSIs should make Financial Crime a
top priority now rather than later and take a proactive rather than a
reactive stance," said Virginia Garcia, Senior Analyst of TowerGroup.com. "This conference is an example
of how the private sector can work with governments and key
international organizations to ensure that appropriate transparency
and accountability in the industry worldwide is achieved.

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"We are pleased that financial institutions
continue to recognize our ERASE solutions as best-in-class for preventing,
detecting and managing Financial Crime.

Business Editors

GEORGE TOWN, Grand Cayman----

Government Applauds Financial Services Industry Leadership in
Upholding Cayman's Commitment to International Co-Operation

The Second Annual Caribbean Regional Compliance Conference kicked
off today in the Cayman Islands bringing together a number of noted
international experts discussing current issues and trends in anti
money -laundering prevention, crime enforcement and international
co-operation. "The face of regulation is constantly changing. announced
today that CUBS Business Services, a business lending credit union service
organization (CUSO) based in Kalamazoo, Mich., a WoltersKluwer company, is a
leading national provider of compliance tools, technologies, and services for
financial organizations and their legal counsel. Wolters Kluwer is
headquartered in Amsterdam, the Netherlands.
All other trademarks are the property of their respective owners.

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Interviews with conference presenters can also be
arranged .552.

quantifying laundering

CUBS Business Services Selects Bankers Systems' Rembrandt Lending System

Bankers Systems is the sponsor of
ComplianceHeadquarters.

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bankerssystems.

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These new ERASE installations,
for preventing , detecting and managing Financial Crime, including money
laundering and fraud, span the globe - from the United States, South Africa,
France, and the Netherlands, to India, the Caribbean, Belgium, and Poland. Once alerts have been generated, a
step-by-step workflow with built-in case management drives users through
investigation, case tracking and reporting within one fully-integrated
environment . The Rembrandt Lending
solution is also very easy to use because it pre-selects the necessary
documents for each transaction and offers a straightforward checklist at the
end to help make certain the proper documentation was performed.
Rembrandt Lending helps increase the efficiency and productivity of a credit
union or its CUSO's business lending department by simplifying the
documentation process for business loans.

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Internationally, this includes bilateral mutual co-operation
arrangements such as the mutual legal assistance treaty with the U. CLOUD, Minn., Bankers Systems, Inc.com or call 800.

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, has selected the company's
Rembrandt(R) Lending System to help the CUSO establish effective and compliant
business lending documentation.
"We see the opportunity to provide credit union members with business
services as one that will continue to grow in the next few years," Martin
said . The company's core markets are spread across the health,
tax, accounting, corporate, financial services, legal and regulatory, and
education sectors.9410.

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predicate money

Institutions will rely on mature solution
providers, such as NetEconomy, that have deep subject matter expertise in
regulatory compliance and Fraud/Financial Crime Management. More information visit: http://www.
"We fully support and commend our industry for continuing to help
Cayman stay at the forefront in this important area of the global
financial services industry," said Kenneth Jefferson, Financial
Secretary, Cayman Islands Government . "The Rembrandt Lending solution has the ability to accommodate our loan
portfolio as it expands because of its comprehensive suite of documents that
can help us remain compliant in all 51 jurisdictions .
Wolters Kluwer is a leading multinational publisher and information
services company.4 billion , employs approximately 18,750 people worldwide, and maintains
operations across Europe, North America , and Asia Pacific.

disclose predicate

Martin Livingston, President of
the Cayman Islands Compliance Association and lead organizer of the
conference.S. CUBS Business Services is a partner company
of CUMC Mortgage Company and wholly-owned subsidiary of CUFFS Financial
Services, LLC.

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S.com, a web site designed to provide valuable compliance
information and tools to financial industry professionals. For more information about Bankers Systems,
visit http://www.

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About Bankers Systems
Established in 1952, Bankers Systems, Inc.

moneylaundering confiscation

Bankers Systems' software, documents, training, and
support services help organizations serve their members, be more productive,
and manage risk.

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"Financial Crime is a problem of global concern, with similarities in
suspicious behavior that cross borders and continents.neteconomy.

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Domestically, this includes adherence to the
Financial Action Task Force (FATF) international anti-money laundering
standards and the Basel Committee, International Organisation of
Securities Commission (IOSCO) and International Association of
Insurance Supervisors (IAIS) global standards in the regulation of
financial services and updates to governing legislation .cimoney. We find
using the Rembrandt Lending solution to document Participations to be
especially helpful. Wolters Kluwer has annual revenues (2003) of
euro 3.

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Given a mounting surge in Financial Crime that
may mask unexpected threats of calamitous proportions, reputation and
customer trust are at stake.
The ERASE Financial Crime Suite(TM) is a fully integrated,
fast-to-implement software solution designed to improve how banks, insurance
and securities firms prevent, detect and manage Financial Crime. With offices in The Hague, Boston and
London, NetEconomy is committed to providing the best services, software and
expertise to help its global customer base minimize risk , maximize revenues
and protect shareholder value.

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NetEconomy's ERASE
solutions are designed to mitigate and report illegal activity whatever
country, whatever language, whatever regulatory requirements ," said Sebastian
Kuntz, CEO of NetEconomy. Department of
Justice's Asset, Forfeiture and Money Laundering Section

Calvin Wilson, Executive Director of the Caribbean Financial
Action Task Force (CFATF) based in Trinidad

"From the industry's perspective, we have a responsibility to keep
up-to-date with global dialogue and discussion about risk management
and regulatory compliance ," said Mr.
Sarbanes-Oxley, Basel II and other developments require diligence on
our part. Since then, the CUSO has
amassed more than $2 million in business loans, according to Jim Martin, loan
manager for the CUSO."
Bankers Systems' Rembrandt Lending solution is based on the company 's
extensive compliance knowledge base, Expere(R), and industry best practices.

detering launderers

"Financial services institutions must get ahead of the Financial Crime curve
and make certain they understand the ripple effect of fraud and not just the
potential for direct losses.ky
Building on 40 years of steady , consistent growth, the Cayman
Islands financial services industry continues to be one of the top
ranked in the world in terms of quality and assets under management., Expere, and Rembrandt are registered trademarks of
Bankers Systems, Inc.

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Recent Customer Wins Strengthen NetEconomy's Position as Global Industry Leader

Due to sensitivities relating to the deterrence and management
of money laundering and other Financial Crime, NetEconomy has decided not to
mention customer names within press releases in the near future."
About ERASE Solutions
Built upon the global success of the ERASE Compliance Manager(TM), and
the demand from customers to extend risk views and monitoring for money
laundering into other crime areas including fraud and market abuse, the ERASE
Financial Crime Suite was developed."
The Cayman Islands Government has been continuously working both
domestically and internationally to maintain a strong regulatory and
compliance framework.
and various regulatory co-operation arrangements maintained by the
Cayman Islands Monetary Authority, http://www.com.
The industry encompasses banking, trust services, mutual funds,
insurance, vessel registration, capital markets products and the
Cayman Islands Stock Exchange.

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CUBS Business Services was founded in 2004 to meet the expanding small
business needs of credit union members, including the members of its owner
credit unions -- Access First Federal Credit Union, Allegis Credit Union ,
Citizens Credit Union, and Meijer Credit Union. The company's lending,
deposit, individual retirement account, identity verification, and anti-money
laundering solutions are used by more than 12,000 financial organizations,
including more than 80 percent of all banks and one-third of all credit unions
in the United States.

Research into money laundering, the practice of engaging in financial transactions in order to conceal the identity, source, and destination of the money in question.

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"
The new installations of NetEconomy's ERASE solutions cover retail,
private and wholesale banks , securities firms as well as offshore financial
institutions.

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NetEconomy
wants to safeguard their clients who make use of the ERASE solution and do
not want to emphasize which products or strategies are chosen to prevent and
fight Financial Crime.
About NetEconomy
NetEconomy, founded in 1993, is the leading provider of risk monitoring
solutions that prevent and detect Financial Crime for financial institutions
and telecom businesses worldwide."
The Conference, organized by the Cayman Islands Compliance
Association in partnership with similar groups from the Bahamas,
Barbados , British Virgin Islands and Trinidad, is featuring leading
experts in the areas of risk management and regulatory compliance
including:

Bill McCloskey, Chairman of the Organisation for Economic
Development and Co-operation's (OECD) Committee of Fiscal
Affairs

Paul Byron, Senior Trial Attorney in the U.

About CUBS Business Services
CUBS Business Services was founded to meet the expanding needs for small
business financing and services.

laundering deterrence

THE HAGUE, The Netherlands, NetEconomy, the
leader in real-time enterprise risk monitoring solutions for the finance
industry, announced today that fifteen installations of its ERASE solutions
will be implemented over the coming months.

Note to Editors: A complete copy of the program for the Second
Annual Caribbean Regional Compliance Conference is available through
the contact listed . ST.

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Monitoring
financial transactions such as cash and check deposits, wire transfers, and
insider trades, the ERASE Financial Crime Suite alerts its users to the
appearance of illegal activity.

Compliance Conference in the Cayman Islands to Discuss Latest Measures in Global Anti-Money Laundering and Crime Prevention

Its depositary receipts of
shares are quoted on the Euronext Amsterdam (WKL) and are included in the
AEX and Euronext 100 indices.

Bankers Systems Inc.