The relationship has expanded to encompass the entire suite of Wiz Sentri BSA/AML solutions including:

• Wiz Sentri: Transaction Monitor, a set of monitoring and reporting tools that assists financial institutions to meet BSA requirements and
• Wiz Sentri: Case Officer, a collaborative software tool that collects and organizes information from multiple data sources to help the AML investigation team prioritize and manage cases based on their risk criteria.

"Compliance with the Bank Secrecy Act is more important than ever for banks of all sizes," said Dan Clancy, senior vice president of services for ICBA. "Community banks are on the front lines and need resources to handle the compliance demands efficiently and effectively. We chose to expand our Preferred Service Provider relationship with Wolters Kluwer Financial Services because their PCi BSA and AML tools can help many ICBA members comply with BSA requirements more efficiently and cost-effectively than doing so manually."

"While regulators won't mandate the use of technology in a BSA and AML program, they will agree that it's extremely difficult to fully comply with the requirements if you haven't automated some or all of your processes," said Raffi Festekjian, chief executive officer for Wolters Kluwer Financial Services PCi compliance analytics solutions. "We're excited to be joined with ICBA to offer their members powerful yet practical tools to help them meet their BSA and AML requirements."

In addition to the Wiz Sentri suite of BSA and AML solutions, ICBA's Preferred Service Provider relationship with Wolters Kluwer Financial Services includes several other of the company's PCi compliance analytics solutions, including CRA Wiz, HMDA Wiz, Wiz Sentinel and Fair Lending Wiz.