CHARLOTTE, N.C., Oct. 25 /PRNewswire/ -- Trek Bicycle, a major U.S. exporter, has selected ATTUS Technologies, Inc., maker of the industry leading watch list solution - WatchDOG® Pro, to facilitate its import/export compliance screening requirements.
As one of the largest bicycle manufacturers in the world, Wisconsin-based Trek exports its products to over 100 countries around the world. All of its exports are subject to a multitude of U.S. compliance laws and regulations designed to maintain the safety and security of the U.S., its citizens and its economy.
All U.S. businesses, regardless of their industry or size, are subject to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioning program. In addition, exporters such as Trek are also subject to the laws and regulations of the US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
"A solution like WatchDOG® Pro allows Trek to choose the watch lists relevant and required for their specific business and then simultaneously cross check their entire database or a single transaction against those lists," said Tom Fedell, president and CEO of ATTUS Technologies, Inc. "That gives Trek an enormous amount of control over their screening process, as well as the confidence that they are maintaining full compliance with OFAC, CBP and BIS."
WatchDOG® Pro uses an advanced name search algorithm. Developed by the technology experts at ATTUS, this cutting edge functionality generates more precise results which gives its users greater assurance of the accuracy of its positive matches and less false positive matches to investigate. Pro's easy-to-use navigation and web-based platform make it possible for any assigned Trek employee to quickly and accurately maneuver its sophisticated technology in order to complete the company's watch list screening compliance obligations.
"Being able to process our international shipping faster and more efficiently is going to improve our delivery to our customers, and ultimately our global business. This program is a huge logistical step for us," said Jody Swentik, International Logistics Manager and Licensed Customs Broker of Trek Bicycles.
"Trek is well known for its stewardship of the environment for such feats as being the first Wisconsin manufacturer to switch to renewable electric power," added Fedell. "Its desire to better fulfill its compliance obligations through WatchDOG® Pro is just one more sign of its commitment to being an excellent corporate citizen by protecting the U.S. economy from sanctioned individuals, entities or countries."
About Trek Bicycle
Trek Bicycle is a global leader in the design and manufacture of bicycles and related products. Trek believes the bicycle can be a simple solution to many of the world's most complex problems, and is committed to breaking down the barriers that prevent people from using bicycles more often for transportation, recreation, and inspiration. For more information about Trek, visit www.trekbikes.com.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,500 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
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SOURCE ATTUS Technologies, Inc.