June 5th
SKNANB demonstrates their firm commitment to financial compliance by implementing Haydrian's Risk Management Solution Basseterre, St. Kitts, West Indies - June 5th, 2006: St. Kitts-Nevis-Anguilla National Bank Ltd. (SKNANB), one of the leading banks in the Eastern Caribbean, announced today that it has chosen Haydrian Corporation's XM3 for its anti money laundering (AML) and compliance programs. Mr. Donald Thompson, Senior Manager - Internal Audit, Compliance & Enforcement of SKNANB, said today on their decision with Haydrian "We reviewed several AML solutions mainly by viewing online demonstrations of the features each solution had to offer. In addition, we conducted a limited amount of due diligence on the companies offering the solution. These were conducted mainly through the public domain. The personnel behind the products were also very important to us as well and so we did a careful review of the biographies of the principal persons driving the companies. At the end of this process, we felt confident we would have a solution which closely meets our compliance objectives". XM3 is a world-class, first tier AML monitoring and compliance solution designed by industry leaders in the areas of AML detection, risk management, modeling human behavior, pattern recognition and information technology. XM3 is designed to be extremely accurate, fast, reliable, secure, easy to deploy and reusable in any variety of environments. "Throughout all of our discussions with St.Kitts-Nevis-Anguilla National Bank, their executives have always demonstrated the recognition that money laundering is a worldwide problem which can be assailed more effectively by joining forces with a solution provider who has a global vision like Haydrian. We are delighted to have them as a customer" said Alex Logan, Vice President of Haydrian Latin America/Caribbean. "In this era of heightened concern over money laundering and the financing of terrorism, our bank cannot afford to adopt a "business as usual" approach when it comes to financial compliance. It is very important that we establish a culture of compliance which begins at the top and permeates all layers of the organization. It is also very important that we demonstrate to our partners that we have a firm commitment to financial compliance" said Donald Thompson. About St. Kitts-Nevis-Anguilla National Bank
Throughout 2006 SKNANB is celebrating its 35th Anniversary in the banking industry. SKNANB is the leading financial institution in the Federation of St. Kitts-Nevis. The bank demonstrates a strong commitment to the social and economic development of the Federation through a variety of educational, community development, sponsorships and service programs; always maintaining a strong sense of community. Today SKNANB strives to have the reputation on the national and regional level of providing the highest quality financial services and products at competitive prices. SKNANB is dedicated not only to offering the very best in every aspect of personal and business banking to each of its customers, but also to improving the communities where it does business. About Haydrian
Haydrian Corporation provides risk management solutions for financial institutions (banks, brokerage, insurance and money service businesses) around the world. Haydrian XM3 is a premier detection, prevention and risk management platform for financial institutions which delivers a combination of the highest levels of regulatory compliance at the minimum total cost of ownership. Haydrian is led by a team of experienced senior executives with a successful track record in international banking, compliance monitoring, consulting, financial services, credit analysis and risk management. In addition to corporate offices in the United States, Lebanon, U.A.E., Egypt, Pakistan, Indonesia, Spain, Mexico City, Panama and Colombia. |