NetEconomy Expands Operations into Australia and China

NetEconomy Expands Operations into Australia and China

December 01, 2006

    THE HAGUE, The Netherlands, Dec. 1 /Xinhua-PRNewswire/
-- NetEconomy, the global leader in financial crime
management and compliance solutions, today announced it has
opened offices in Sydney and Shanghai to expand its foothold
in the Asia Pacific region and support its new customers. 

    NetEconomy's new customers in China and Australia will
be using its ERASE(R) financial crime solutions to improve
monitoring and detection capabilities for fraud, money
laundering, terrorist financing and market abuse, and to
ensure regulatory compliance within these regions.

    "NetEconomy is a strong global company committed
to providing our new customers with the highest levels of
service, innovation and success," said Sebastian
Kuntz, CEO of NetEconomy. "By expanding operations
into China and Australia we are well positioned to capture
new growth opportunities in this rapidly expanding
financial crime solutions market. NetEconomy's
comprehensive and easily deployable solutions are uniquely
suited to helping clients quickly and effectively address
emerging risks and regulatory challenges within these
important regions. Furthermore our solutions contribute to
improved operational risk management and the capital
adequacy requirements as set out in Basel II."

    In May of 2005, NetEconomy opened an office in Kuala
Lumpur, Malaysia to expand its sales operations and to
support its growing customer base in the Asia Pacific
region. Today the Kuala Lumpur office will operate as the
regional headquarters for this region.  NetEconomy services
and supports customers across Singapore, Malaysia, India,
the Middle East and the Philippines. 

    About NetEconomy

    NetEconomy is the leading provider of financial crime
management and compliance solutions. With over 110
implementations across 48 countries, NetEconomy has an
exceptional track record for developing and delivering
highly effective and easily deployable solutions for
anti-money laundering, fraud prevention and market
surveillance. NetEconomy brings business value to its
worldwide client base through its personalized customer
approach for minimizing regulatory risk, delivering
measurable results, and protecting corporate
brand/reputation. NetEconomy is headquartered in The Hague,
with offices in Boston, London, New York, Paris, Kuala
Lumpur, Shanghai and Sydney, and distributors and strategic
partners across the Middle East, Caribbean, Europe, South
(East) Asia and the United States. For more information
visit http://www.neteconomy.com .

    For more information, please contact:

     Joyce Kooijman
     Tel:   [phone]
     Email: [e-mail]

SOURCE  NetEconomy