Patriot Techcorp, Inc., the developers and distributors of Global Patriot™, announced the finalization of the Interface of their Global Patriot solution to SAS Anti-Money Laundering.

With money laundering on the rise around the world, regulatory response has also increased. Recent enforcement actions have focused on a financial institution's lack of consistent internal controls, governance and oversight.  SAS Anti-Money Laundering provides a sophisticated, risk-based monitoring and alert system that detects the subtle patterns that could indicate suspicious behavior. Designed to meet the needs of a range of financial institutions, the solution manages and refines mountains of customer data from all areas of the enterprise and automatically identifies, classifies and surfaces suspicious activities.

In conjunction with a joint banking client, Patriot Techcorp has interfaced the watchlist data in their Global Patriot system to the SAS Anti-Money Laundering solution to further the tracking and checking of suspicious transactions and customers for the bank.

About SAS

SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to improve performance through insight into vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW^R. www.sas.com. 

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ^R indicates USA registration. Other brand and product names are trademarks of their respective companies.  ^C 2007

About Patriot Techcorp

Patriot Techcorp supplies a specialist range of Compliance Solutions to the Financial Services Industry, initially in the USA, but are expanding to Europe and Australia through strategic partnerships. Patriot Techcorp's primary focus is on the development and provision of compliance and technology solutions to address compliance issues for Anti-Money Laundering (AML), Anti-Terrorism, the USA PATRIOT Act, Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), and other related domestic and Global foreign governmental regulatory requirements.

In order to address these global legislation issues Patriot Techcorp developed the Global Patriot™ program.  The Global Patriot™ program is a software application that was designed to take compliance to the next level by providing:

• structured, risk-related intelligence to assist government, financial institutions and other government mandated entities
• coverage for entities both domestically in the United States and in countries around the globe
• facilities to achieve compliance with associated legislative issues
• assistance to further government policies and achieve national and international security objectives.

The Global Patriot™ program consolidates and organizes unstructured information into a database of highly structured profiles to be used to filter virtually unlimited amounts of transactional and other data for the presence of known high-risk entities.

Contact Information

Patriot Techcorp Inc.

Phone - +1-310-543-1174

Fax - +1-866-442-3319

Email: sales@patriottechcorp.com

Contact Information - SAS

Kris Balic
SAS Institute Inc.
Phone - +1-919-677-8000
Fax - +1-919-677-4444

Email : Kris.Balic@sas.com

www.sas.com