BI3 Solutions, Inc. and AML Specialists, L.L.C. Announce Partnership -- Intelligent Compliance Offering Enhanced

Alameda, CA (PRWEB) June 21, 2003 -- San Francisco Bay Area based companies, BI3 Solutions, Inc. and AML Specialists, L.L.C., are proud to announce a new partnership that will serve to greatly enhance both companies ability to provide full lifecycle, end-to-end solutions helping financial and other institutions to meet and maintain compliance with the provisions of the Bank Secrecy Act, Money Laundering Control Act, the recently enacted USA Patriot Act and other industry specific governance acts.

In April of this year, BI3 Solutions introduced its Intelligent Compliance offering combining proven Business Intelligence practices and extensive compliance management experience with revolutionary, real-time compliance analytics and case management. Since then, BI3 Solutions has continued to extend its Intelligent Compliance services which increase the value of compliance solution investments by helping companies not only meet their regulatory obligations, but by also providing them with a competitive edge. This new alliance is part of the continued investment in ensuring that BI3 Solutions provides high-value to its clients. Partnering with a team of such well regarded compliance specialists allows BI3 to deliver best practice, end-to-end solutions, knowing that our customers will be supported by experts in every area," says Gregory Hatfield, President of BI3 Solutions.

This partnership allows AML Specialists, L.L.C. to extend its service offerings into the actual design, implementation, integration and deployment of foundational technologies, providing our customers with every component they need to fulfill their compliance obligations, and beyond," says Alexander Seddio, Principal with AML Specialists, L.L.C.

About BI3 Solutions, Inc.
BI3 Solutions, Inc. is a full-lifecycle professional services firm focused on providing clients with high-value solutions that meet their business and technology objectives. The Companys proven success rate comes from its framework that addresses business goals and drivers first, then leverages methodologies, processes and supporting technologies in Business Intelligence, Data Warehousing, Compliance, Corporate Performance Management, Systems Integration, Business Interaction, and Customer Relationship Management to deliver comprehensive business solutions. For more information on BI3 Solutions, please contact them at 510-521-8865 Ext. 107 or visit them at www.bi3solutions.com.

About AML Specialists, L.L.C.
AML Specialists, L.L.C. is based in San Francisco, California. The company brings together a well-renowned team of compliance specialists that focus on providing compliance advisory services for Anti-Money Laundering, Counter Measures to Terrorist Financing and Risk Management as well as Audit, Testing and Training for Compliance Specialists dealing with governance and regulations related to FinCen, the US Treasury, IRS, NYSE, SEC, NASD, FDIC, FED and OCC. The Principals of AML Specialists bring a wealth of experience in all areas of compliance. Their backgrounds are as follows:

Donald F. Reid, a Principal with AML Specialists, served as a Senior Bank Examiner with the Office of the Comptroller of the Currency for over ten years examining for compliance with banking laws and regulations. Subsequently, Mr. Reid became the first Managing Senior Compliance Officer of Wells Fargo and Sumitomo charged with all compliance organization, training and review procedures. He also served as Chairman of the Wells Fargo and Sumitomo Corporate Compliance Committee, assuring that Wells Fargo was in compliance with all state and federal laws and regulations applicable to the company, bank, affiliates and subsidiaries. Mr. Reid has also organized and served as Chairman of the Bank Administration Institutes Bank Business Ethics Committee, the American Bankers Association Regulatory Compliance Committee, was Co-founder and Chairman of the California Bankers Association Regulatory Compliance Committee, and founded and served as Chairman of the Bank Secrecy Act Committee which was organized in 1985 to assist the U.S. Treasury and the IRS in stopping money laundering, improving compliance and was instrumental in the adoption of industry standards for Knowing Your Customer." Mr. Reid has consulted for bankers and government officials throughout the United States and abroad on matters relating to national and global compliance and money laundering. In addition to authoring numerous books, manuals and articles addressing important current issues related to financial industry compliance, Mr. Reid has lectured extensively on the subject and has testified before federal, state and regulatory bodies.

Alexander D. Seddio, a Principal with AML Specialists, is an expert in the investigation of financial crimes and in assisting financial institutions in developing and maintaining compliance programs related to the anti-money laundering provisions of the Bank Secrecy Act, Money Laundering Control Act, and those related provisions contained in the USA Patriot Act. Mr. Seddio served as a Special Agent with the Criminal Investigative Division of the Internal Revenue Service (IRS-CID) for 23 years, during which he was responsible for the management and conduct of numerous investigations involving criminal violations of the Internal Revenue Code, Bank Secrecy and Money Laundering Control Act. During his tenure with IRS-CID, Mr. Seddio became widely recognized as one of the governments leading figures in the effort to combat the laundering of criminal proceeds through the U.S. financial system. Mr. Seddio has qualified as an expert witness in U.S. District Court in the areas of financial investigation, money laundering and asset forfeiture, testifying on numerous occasions. In working with the financial industry shortly after the enactment of the Money Laundering Control Act, and long before any mandatory requirements existed, Mr. Seddio was widely recognized for creating a system for the voluntary identification and reporting of suspicious transactions in California, which served as the prototype for the national suspect transaction reporting mechanism that has evolved into the present Suspicious Activity Report" (SAR) system. Mr. Seddio co-founded the California Bank Secrecy Act Working Group and is a member of the committee responsible for organizing the West Coast Anti-Money Laundering Forum. Upon leaving government service, Mr. Seddio was employed by KPMG as a Director in the Forensic and Litigation Services practice and was responsible for providing anti-money laundering and Bank Secrecy Act compliance assistance to financial institutions.

John D. Lyons, a Principal with AML Specialists, was most recently a Senior Enforcement Advisor with the U.S. Department of Treasury focusing on issues of money laundering, terrorism financing, public corruption and financial crimes. His expertise in anti-money laundering and international standards for the banking, insurance and securities industries has been instrumental in his role advising the governments of Tanzania and Uganda on legislation, infrastructure and bank supervision. Mr. Lyons has provided training on the fundamentals of money laundering and compliance with reporting requirements for a variety of clients. Since obtaining his law degree from Stanford in 1967, Mr. Lyons has served in numerous roles including Assistant U.S. Attorney, District of Arizona as Chief of the Criminal Division specializing in white collar crime and prosecution of RICO and CCE offenses and Assistant U.S. Attorney, Northern District of California where he supervised a unit in the Criminal Division for ten years specializing in financial fraud, coordinating the bank and savings and loan cases in the office. For five years, he chaired the Bank Fraud Working Group (an inter-agency group consisting of bank regulators from the FDIC, OCC, RTC, OTS, Federal and State investigative and prosecutive agencies).

For more information on BI3 Solutions, AML Specialists, Intelligent Compliance, or to schedule an Intelligent Visioning, please call 510-521-8865 Ext. 107.

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