Poolesville, MD
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March 28, 2007 -
Visual Analytics Inc. (VAI), is pleased to announce that Sigue Corporation, a leading money remittance services provider
headquartered in San Fernando, California, has chosen Visual Analytics' VisuaLinks technology for the purpose of monitoring
money remittance transactions for suspicious patterns of activity. Sigue Corporation provides international money transfer
services to Mexico, Latin America and the Caribbean through a vast network of U.S. agents and exclusive paying locations in
Mexico, as well as, through partner banks throughout Mexico, Latin America and the Caribbean.
During 2005, Californian money transmitters forwarded $11 billion to foreign countries. These transactions, and the businesses
transmitting the money, are monitored and regulated by the California Department of Financial Institutions (DFI), which
supervises the operations of state-regulated financial institutions including banks, credit unions, savings associations,
trust companies, issuers of travelers checks and payment instruments (money orders), and transmitters of money abroad.
Sigue is taking the lead in implementing technologies to actively monitor, detect and pursue transactions generated by or
representing potentially illegal activities. Sigue chose Visual Analytics' VisuaLinks technology to assist in monitoring
anomalies in data indicating suspicious patterns of activity, such as structuring transactions to avoid investigation and
improper or purposeful misuse of IDs.
According to Christopher Westphal, CEO of Visual Analytics, "We are proud to support Sigue in its endeavor to lead the
industry in complying with Federal and State regulations, and to proactively and aggressively identify those individuals
who abuse the system to violate the law. We are committed to help Sigue combat financial crimes and money laundering
activities throughout their operating regions in the world."
The VisuaLinks technology enables compliance investigators to visually render associations between individuals, IDs,
addresses and phones, exposing potentially illegal activity. Using VisuaLinks, compliance investigators are able to analyze
large quantities of data to help detect questionable transactions, unusual connections, and suspicious behaviors much
faster and more accurately.
About Sigue Corporation
Sigue, founded in 1996, is today a leading money remittance services provider headquartered in the City of San Fernando,
California, providing international money transfer services to
Mexico as well as Latin America and the Caribbean. Sigue is privately owned and operates through a network of thousands of
agents in 47 states in the United States.
For more information on Sigue, visit www.sigue.com.
About Visual Analytics
Founded in 1998, Visual Analytics Inc. (VAI) is a privately-held company, based in the Washington, D.C., metropolitan area,
focused on Superior Pattern Discovery and Data Sharing Solutions. VAI serves markets requiring sophisticated data sharing and high-end
analytics. VAI has created a suite of tools, collectively called "The Data Clarity® Suite," based on the VisuaLinks®
and Digital Information Gateway (DIG®) technologies that are used to search, structure, and present data for analysis and discovery.
More information on VAI can be found at www.visualanalytics.com.
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