Wolters Kluwer Financial Services Launches Wiz Sentri: AML Virtuoso

AML Training Simulator Uses Unprecedented Electronic Gaming Format
to Immerse AML Investigators Into Virtual World of Money Laundering
WALTHAM, Mass.--(Business Wire)--
Banking regulators are turning up the heat on compliance with the
Bank Secrecy Act (BSA) and related anti-money laundering (AML)
requirements. At the same time, financial institutions face a shortage
of qualified BSA/AML professionals and struggle to quickly and
effectively train existing employees to fill these roles. To help
institutions overcome this challenge, Wolters Kluwer Financial
Services, through its PCi line of compliance analytics solutions,
announced today the release of Wiz Sentri(TM): AML Virtuoso, a
first-of-its-kind anti-money laundering training simulator.

AML Virtuoso uses an unprecedented electronic gaming format to
immerse AML investigators into a virtual world of money laundering
schemes and forensic investigation. Unlike traditional instructor-led
courses or question and answer tools, AML Virtuoso engages trainees,
requiring them to investigate simulated money laundering cases they
will likely encounter.

By "playing and winning" the game, investigators learn how to meet
regulatory requirements more quickly than through traditional methods,
therefore driving the time and cost associated with training down. As
a result, AML Virtuoso delivers to novice and veteran AML
professionals alike a compelling new way to gain the critical
experience needed to protect their institution from financial crimes.

"Hiring, training and retaining skilled and experienced AML
investigators is among the most pressing challenges facing financial
institutions today," said Todd Cooper, vice president and general
manager of Wolters Kluwer Financial Services' Financial Intelligence
Unit. "Because experience is the best teacher, the training component
has been notoriously time and labor-intensive. But with AML Virtuoso,
Wolters Kluwer Financial Services will help financial institutions
quickly acquire the experience and knowledge required to conduct
successful and compliant investigations."

AML Virtuoso gives financial institutions the ability to educate
AML professionals on investigation requirements and best practices;
simulate investigation experience in an interactive learning
environment; and expose investigators to simple, intermediate and
complex money laundering scenarios. In addition, AML Virtuoso allows
financial institutions to demonstrate to regulators that they're
meeting training obligations and enhancing their staff's ability to
detect suspicious activity.

"Simulation training is by far the most effective way for AML
investigators to apply what they've learned to their actual work,"
said David Caruso, chief executive officer of Dominion Advisory Group,
a leading provider of AML professional services that helped Wolters
Kluwer Financial Services create AML Virtuoso. "With simulation
training, trainees conduct an investigation, write a report, populate
a case file with supporting evidence and when necessary, prepare
reports for regulators. The investigator's supervisor or a peer can
then review the results to ensure the required learning and
improvements are taking hold."

For more information, please visit
http://www.pciwiz.com/solutions/sentri/amlvirtuoso/.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class
compliance, content, and technology solutions and services that help
financial organizations manage risk and improve efficiency and
effectiveness across their enterprise. The organization's prominent
brands include Bankers Systems, VMP(R) Mortgage Solutions, PCi,
GulfPak, Desert Document Services(R), AppOne(R), GainsKeeper(R),
CCH(R) Capital Changes, NILS INsource(R), AuthenticWeb(TM) and CCH(R)
Wall Street.

Wolters Kluwer Financial Services' solutions include integrated
and stand-alone compliance and workflow tools, documentation,
analytics, authoritative information and professional services.
Customers include banks, credit unions, mortgage lenders and
securities and insurance organizations of all sizes throughout the
United States. For more information on Wolters Kluwer Financial
Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and
publishing company. The company provides products and services
globally for professionals in the health, tax, accounting, corporate,
financial services, legal and regulatory sectors. Wolters Kluwer has
annual revenues (2007) of EUR 3.4 billion ($4.8 billion), maintains
operations in over 33 countries across Europe, North America, and Asia
Pacific and employs approximately 19,500 people worldwide. Wolters
Kluwer is headquartered in Amsterdam, the Netherlands. Visit
www.WoltersKluwer.com for information about our market positions,
customers, brands and organization.

About The Dominion Advisory Group

The Dominion Advisory Group is the leading provider of
comprehensive and sustainable anti-money laundering programs and
critical investigations services for top domestic and international
financial institutions, law firms, and other organizations. Dominion
Advisory Group has 15 years of extensive experience in banking,
compliance, law enforcement, regulatory oversight, technology, and
consulting to assist financial institutions and corporations navigate
the complex regulatory environment and address the needs of
regulators, customers, and the institution.

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
or
Chuck Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com

Copyright Business Wire 2008