RALEIGH, N.C. — Coastal Federal Credit Union has turned to a local firm, and international provider of business intelligence software, for a key part of its risk- management compliance.
The $1.5 billion CU will use the anti-money laundering program from SAS to comply with PATRIOT Act and other regulations with an automated system for detecting, investigating and reporting suspicious behavior, the company and credit union say.
SAS (www.sas.com) is a 30-year-old Cary, N.C.-based firm with software in place at more than 40,000 sites worldwide. Coastal FCU (www.coastalfcu.org), originally founded in 1967 by a group of IBM employees, serves many Research Triangle firms, including SAS.
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