TALLAHASSEE, Fla. — CU Performance Group is now offering credit unions nationwide an anti-money-laundering ASP solution billed as the first of its kind.
The CUSO of $77 million Florida State University Credit Union is using ERASE Compliance Manager from NetEconomy as the core platform for the service.
"Small to mid-range credit unions face increasingly stringent regulatory demands. With our new combined ASP offering, credit unions will have an immediate and cost-effective way to address these demands, mitigate risk, and quickly benefit from a world-class anti-money offering," says Chuck Adcock, president of CU Performance Group (www.cuperformancegroup.com).
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The first anti-money laundering ASP implementation is under way at Florida State University CU. The service will be offered to other credit unions beginning in April, the company says.
"Our joint ASP offering delivers a unique and much needed solution for credit unions to get on board immediately to address anti-money laundering requirements. Within weeks credit unions will be up and running and ready for regulators," says Peter Kwakernaak, chief commercial officer at NetEconomy (www.neteconomy.com), which says it currently has more than 130 deployments in place in 58 countries.
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