Justice Federal Credit Union of Chantilly, Va., has outsourced its anti-money-laundering efforts to Fortent Inc.
The New York security technology vendor said Wednesday that the credit union is using its Hosted AML transaction monitoring application.
Fortent's hosted product was designed to appeal to small financial companies, and the vendor said it can typically install the software within four months.
Susan Baugh, the credit union's risk manager, said in a Fortent press release that "a top priority for us in choosing an AML solution was having a system that would be up and running fast, with minimal impact on our in-house IT resources.
The credit union serves employees of law enforcement agencies and the departments of Justice and Homeland Security. It has more than 45,000 members.
