KADINLAR KULÜBÜ
9 Ocak 2011 Pazar
VSEP
VSEP Membrane Cleaners In addition to filtration systems, New Logic manufactures a complete line of chemical cleaners designed to maintain maximum flow rates in all VSEP applications.Years of exhaustive research and development by New Logic engineers have resulted in seven chemical cleaners formulated to attack the most stubborn foulants across a wide range of membranes and feed streams.While designed for VSEP membrane filtration systems, these advanced formulas are perfect for cleaning any membrane.To learn more about VSEP Advanced Cleaning Solutions, please choose a link below to visit our sister siteWhile membrane-based separations of liquids from solids have enjoyed increasing popularity over the last 20 years, the technology has an inherent Achilles heel that affects all membrane devices: fouling. This long-term loss in throughput capacity is due primarily to the formation of a boundary layer that builds up naturally on the membranes surface during the filtration process.In addition to cutting down on the flux performance of the membrane, this boundary or gel layer acts as a secondary membrane reducing the native design selectivity of the membrane in use.EMERYVILLE, Calif. and IPSWICH, Australia, Sept. 21 /PRNewswire/ -- New Logic Research, Inc., the maker of VSEP, the vibrating membrane filtration system, announced today its participation in the official commissioning ceremony for the Australian Hardboards Water Recycling Plant in Queensland, Australia.On hand for the ceremony were members of the Australian Hardboards and New Logic executive team, as well as numerous business leaders and local officials, including Cr. Paul Pisasale, the mayor of Ipswich.The wastewater treatment and recovery system, which combines seven i84 VSEP nanofiltration membrane modules, recovers wastewater for reuse within the plant. The system, which is capable of processing approximately 200,000 gallons per day, runs continuously automated by a programmable logic controller (PLC).According to New Logic CEO Greg Johnson, "VSEP is fast becoming accepted as the best available technology for tough wastewater treatment applications in Australia. The Australian Hardboards installation represents our second Australian installation in as many months; still more will be coming online within the next year. We were honored to be a part of the ceremony, and to show our commitment to helping to solve the Australian water shortage problem."New Logic International Sales Manager Melysa Reiss adds, "The paradox of Australia's decreasing water resources and increasing industrial demand requires innovative technologies to bridge the gap. We are proud to have the opportunity to do just that for Australian Hardboards and other firms throughout the continent."Water shortage caused by drought and increased populations has created a crisis in many parts of Australia. Water supply levels have fallen to 30% of normal, and continue to drop. Local water districts have implemented severe water restrictions to try to stop the drop in supply levels. Brisbane is currently at a Level 4 water restriction that requires mandatory conservation. By recycling its wastewater and reducing its fresh water intake using the VSEP system, AHL has conserved the equivalent of 2000 homes worth of water supply per year. This example of water conservation is being used as a showpiece for other industries to follow.About New Logic Research, Inc.Headquartered in Emeryville, California, New Logic Research is the leading provider of high-performance membrane filtration systems used in a wide variety of applications from pure water and wastewater treatment to chemical process clarifications. Founded in 1987, New Logic has grown to meet the needs of its ever-expanding customer base, which includes major corporations from around the World. Today, New Logic provides a breadth of products and services for pure water and wastewater treatment, industrial and chemical processing, power, pulp and paper, oil and gas production and processing, paint and pigments and electronics industries. For more information
31 Ekim 2010 Pazar
OL-55 On-Line Tensiometer
By continuously measuring surface tension, the OL-55 monitors the level of surface active chemical additives in water-based process liquids. Based on the information from the measurement the operator can either manually dose chemicals into the process or the optional auto-dosing system can be used.On-line tensiometerContinuous monitoring of surface tension and other parameters, including pH, temperature, and conductivity, in various process liquids for optimising the dosing of chemicalsRugged design for factory applicationsFully automatic computer controlled operationPatented technologyBenefitsEliminates overdosing of surfactants - reducing costsControls processes - improves efficiency and qualityReduces waste and improves yieldImproves environmental controlExtends chemical lifetime in processesSpecificationsSurface tension measuring range20 to 80 mN/mResolution0.1 mN/mUpdate time for liquid3 minutes from change in process liquidTemperature measuring range (optional)15 to 85°CpH measuring range (optional)2 to 14Flow rate18 l/hSelf-cleaning filterStandard 100 μm (others by request)Voltage100-240 V (automatic) 50/60 HzPower consumpiton<>
UC4 certified for use with the Avaloq Banking System
Automated scheduling of Avaloq Banking System (ABS) and enterprise systems with UC4 Workload Automation SuiteVIENNA, February 3, 2009 – UC4 Software, a leading global provider of workload automation, job scheduling and IT process optimization solutions, today announced the certification of UC4 Workload Automation Suite for use with the Avaloq Banking System (ABS) version 2.6. The companies have also signed a partnership agreement that will enhance Avaloq to refer customers requiring a complementary scheduling and automation solution to UC4 Software.“The certification of the UC4 adapter enables organisations to utilise a complementary technology that has been successfully tested and validated against our Model Bank environment,” said Adrian Bult, COO, Avaloq Evolution AG. “Joint customers will be able to increase the return on their existing technology investments leveraging a solution that interfaces directly with the Avaloq Banking System.”Avaloq solutions are changing the IT landscapes within private and retail banks in Switzerland, Germany, Liechtenstein, Luxembourg, Singapore, Hong Kong and other markets. With UC4 Workload Automation Suite enterprises remove manual intervention, reduce latency and mitigate risk from their end-to-end business processes. The UC4 Business Integration for Avaloq communicates directly with ABS through application interfaces, allowing customers to extend the automated scheduling of their core banking systems and integrate with external applications.UC4 Workload Automation Suite can manage back-end processing for ABS and all other surrounding systems that many finance institutes rely on. Avaloq users receive regular software updates which support banks in remaining compliant with industry regulations. When utilizing additional tools it is important that Avaloq users work with solutions that are compatible and certified for use with Avaloq. This reduces maintenance and support issues and allows joint customers to benefit from the enterprise wide visibility and control provided by UC4.“It gives UC4 great pleasure to extend its relationship with Avaloq,” said Cesare Capobianco, chief executive officer, UC4 Software. “We have benefited from an excellent working partnership working towards receiving this certification. It has allowed us to develop an interface that is compliant with Avaloq’s technical specifications, which also delivers measurable business value to our joint customers.”About AvaloqThe Avaloq Group, with branches in Luxembourg and Singapore, is the Swiss market leader in the field of standard banking software. For over a decade, the Swiss company has been developing and marketing the Avaloq Banking System. It is trusted by leading financial service providers in private, retail and universal banking in international financial centres around the globe. A network of specialists with first-class partners in the areas of implementation, software, service and technology enables Avaloq to offer its clients a comprehensive all-in-one solution – a modular, innovative and integrated standard software for the financial sector. Avaloq is owned by its management and employees.About UC4 SoftwareUC4 Software is a leading global provider of workload automation, job scheduling and IT process optimization solutions that ensure core business processes and enterprise information systems run faster, more accurately and without interruption. More than 1,600 companies worldwide have successfully enhanced application processing performance and improved IT efficiency using UC4’s business acceleration solutions. Customers include American Suzuki Motor Corporation, Cadbury, eBay, Eastman Kodak, General Electric, Mattel, McGraw Hill, Panasonic, Robert Bosch, Sun Microsystems, Symantec, T-Systems and Verizon
DDR-150 Rotary Positioning Stage
Direct drive brushless DC servo motor
Precision ground ABEC-7 4-point contact bearings
Durable stainless steel top plate with through hole
Resolution to 0.2 arc seconds
Highly repeatable Hall effect home and limit switches
Optional encoder scale cover
Ideal for:
Wafer Inspection
Precision Assembly
Laser Machining
Low Profile Direct Drive Rotary Stage
Anorad's new DDR-150 rotary positioning stages are designed for precise position and velocity control in light to medium force applications. High performance is achieved through use of a brushless DC servomotor, high resolution optical encoder and precision bearing set all housed in a compact and precisely machined aluminum base with a rugged stainless steel top plate.
The direct drive servo control of the brushless DC motor has several advantages over conventional gear driven rotary stages. Backlash is eliminated, torque variation is minimized, plus gear and brush wear are no longer factors in long term usage. Added benefits include speeds up to 360 rpm, 0.2 arc second resolution and ±1 arc second repeatability. Step-and-settle time is also reduced due to increased servo bandwidth.
Available options for the DDR-150 include a variety of encoder resolutions to meet your speed and accuracy requirements. An axial through hole for use with pneumatic or optical devices; adjustable home, limit and hardstop positions; and a sheet metal cover to protect the encoder and internal components.
Specifications
Parameter Specification Parameter Specification
Travel unlimited Maximum Velocity2 1273 rpm
Accuracy ±20 arc sec Acceleration 34 rad/s2
Repeatability1 (bi-directional) ±1 arc sec Axial Capacity 25 kg
Resolution1 0.214 arc sec Axial Runout (TIR) 5 µm
Stability ±2 counts Radial Runout (TIR) 5 µm
Minimum move1 0.5 arc sec Wobble3 ±8 µm
Peak Torque 7.4 Nm Thru Hole diameter 35 mm
Continuous Torque 1.4 Nm Concentricity (Thru hole) ±2 µm
Inertia 0.217 kg-m2 Stage Weight 3.5 kg
DDR-150 Construction Mechanical Features
Stationary Base High strength aluminum alloy with black anodized finish (Nickel plating optional)
Rotating Table Stainless steel with passivated finish
Bearing System ABEC-7 precision ground 4-point contact radial bearing
Encoder Incremental optical encoder with reflective tape scale (50 lines/mm)
Limit Switches Hall effect home and limit switches
With 0.214 arc sec resolution (256x multiplication)
At lowest resolution (top speed dependent on controller and resolution)
Measured at 60mm radius
Precision ground ABEC-7 4-point contact bearings
Durable stainless steel top plate with through hole
Resolution to 0.2 arc seconds
Highly repeatable Hall effect home and limit switches
Optional encoder scale cover
Ideal for:
Wafer Inspection
Precision Assembly
Laser Machining
Low Profile Direct Drive Rotary Stage
Anorad's new DDR-150 rotary positioning stages are designed for precise position and velocity control in light to medium force applications. High performance is achieved through use of a brushless DC servomotor, high resolution optical encoder and precision bearing set all housed in a compact and precisely machined aluminum base with a rugged stainless steel top plate.
The direct drive servo control of the brushless DC motor has several advantages over conventional gear driven rotary stages. Backlash is eliminated, torque variation is minimized, plus gear and brush wear are no longer factors in long term usage. Added benefits include speeds up to 360 rpm, 0.2 arc second resolution and ±1 arc second repeatability. Step-and-settle time is also reduced due to increased servo bandwidth.
Available options for the DDR-150 include a variety of encoder resolutions to meet your speed and accuracy requirements. An axial through hole for use with pneumatic or optical devices; adjustable home, limit and hardstop positions; and a sheet metal cover to protect the encoder and internal components.
Specifications
Parameter Specification Parameter Specification
Travel unlimited Maximum Velocity2 1273 rpm
Accuracy ±20 arc sec Acceleration 34 rad/s2
Repeatability1 (bi-directional) ±1 arc sec Axial Capacity 25 kg
Resolution1 0.214 arc sec Axial Runout (TIR) 5 µm
Stability ±2 counts Radial Runout (TIR) 5 µm
Minimum move1 0.5 arc sec Wobble3 ±8 µm
Peak Torque 7.4 Nm Thru Hole diameter 35 mm
Continuous Torque 1.4 Nm Concentricity (Thru hole) ±2 µm
Inertia 0.217 kg-m2 Stage Weight 3.5 kg
DDR-150 Construction Mechanical Features
Stationary Base High strength aluminum alloy with black anodized finish (Nickel plating optional)
Rotating Table Stainless steel with passivated finish
Bearing System ABEC-7 precision ground 4-point contact radial bearing
Encoder Incremental optical encoder with reflective tape scale (50 lines/mm)
Limit Switches Hall effect home and limit switches
With 0.214 arc sec resolution (256x multiplication)
At lowest resolution (top speed dependent on controller and resolution)
Measured at 60mm radius
Super Series™Vacuum Furnace SystemIt’s
super-precise and super-fast. TheT-M Vacuum Super Series vacuum furnace system is the high-vacuum,high-temperature technically advanced vacuum furnace to satisfy all yourheat-treating needs.Within its all- stainless steel chamber is a two cubic footwork zone capable of holding up to 200 pounds of material for tempering,austenitizing, hardening, stress relieving, brazing, sintering, bonding,annealing, and many other custom vacuum processes.With the standard three-zoneheat control package and electro-pneumatically operated Heat Pack door shieldassembly, a precision heating environment is created for perfect temperatureuniformity.The specially designed Hot Zone-to-chamber ratio enables thehigh-speed pumping system to reach high vacuum quicker,maximizing yourproductivity and quality with a cleaner work zone. With its inert gas on boardQuick Cool System, the metallurgical gas quench increases your cycle times byrapidly cooling the chamber and increasing your product output.The Super SeriesHMI software system can be configured with our controlled cooling,allows theuser to precisely control the cooling environment.The Super Series vacuumfurnace system can also be configured to accept multiple process gases. Once youhave determined your specific process parameters,the computerized control systemtakes over to completely automate the process and archive all system data. Anoperator needs only to load and unload the chamber and press the startbutton.The Super Series vacuum furnace system is a completely contained unitwith no exposed wires, cables or pumps.This saves you valuable factory floorspace, and keeps your unit clean and easy to maintain. System installation is assimple as connecting the unit to electric service and attaching gas,water andair lines. The Hot Zone is fully removable for service.If the Super Series workzone is not large enough for your application, please ask about our PACER SeriesVacuum Furnace System.Temperature Capabilities and Controllability 10 series1000°C (1832°F)13 series 1315°C (2400°F)14.5 series 1415°C (2650°F)16.5 series1650°C (3000°F)20 series 2000°C (3632°F)
+/- 1 degree controllability
<
+/- 2°C temperature uniformity*
SCR Power Supply regulation
3-zone heat
control with independent
PID loop control
Vacuum Pumping System
Standardpump down time*
To 0.1 Torr 7 minutes10-5
Torr Scale 15 minutesHigh-
VacuumValve: T-M 6" Right Angle Poppet Valve6" diffusion pump – net pumpingspeed:2,400 l/s42.2 cfm mechanical roughing & backing pump3.8 cfmmechanical hold pumpAvailable:Upgraded pumping systems – Mechanical,dry, diffusion, cryogenic, and turbo-molecularMolecular Sieve orMechanically refrigerated, optically-dense, cold trap in roughing line or liquidnitrogen cryo-trap in high-vacuum line (for prevention of hydrocarboncontamination)Inert Gas and Quick Cool System10 HP blower – 4,200 cfmfree air displacementGas/water heat exchanger18 vents directing QuickCool gas onto workloadIntegral with furnace chamber, no externally mountedcomponentsAvailable:Multiple-process gas capability
ControlledCooling
System ControlsThe “E” control system: full PC, PLC, and HMIsoftware control package will provide superior control, system analysis, recipemanagement, and data acquisition. With more than 14 user-friendly screensdisplayed on its 17" LCD flat panel touch screen, this state-of-the-art systemeliminates the need for separate programmers, controllers and messagedisplays.Over-temperature controlDigital vacuum displayCenter ofload thermocouple standardEmergency StopAvailable:Multiple-surveythermocouplesUninterrupted power supplies (UPS)Multiple-channel colorstrip chart recorderOperating Pressure RangeHigh-vacuum to 2-bar (higherpressures available)Working pressure at maximum temperature: high-vacuum to1 torr (higher pressures available)Capable of pressures between atmosphereand 2-bar (for Quick Cool use)6-bar availableHot ZoneConstructionUsable work zone 12" W x 12" H x 24" DUsable work zonevolume of 2 cubic feetWork load capacity 200 lbsRound,horizontally-mounted Hot Zone comprised of six (6) high temp/lowresistancemolybdenum 2" band heater elementsHeat shielding is composed of molybdenumlayers backed by stainless steel layersin stainless steel containment and anelectro-pneumatically operated Heat Pack door shield assemblyComplete HotZone is easily removable as a unit for fast maintenance and less downtimeMolybdenum hearth assembly is 12" W x 24"DAvailable:Graphite andtungsten heating elementsGraphite insulation in stainless steelcontainmentChamberAll-stainless steel construction including head-endclosure and water jacketingDual-wall chamber configuration designed to allowcomplete water-to-surface contactStainless steel dual-wall, water-cooleddoorWater cooling for power feed-thru is external to vacuum chamber,eliminating thepossibility of water leaking into the chamberSix clamp overcenter pneumatic clamp/locking doorWorking pressure: Full vacuum to 2-bar(6-bar available)Safety FeaturesAll T-M Vacuum Products, Inc. products areequipped with standard safety features toensure safe operation.Please consultT-M Vacuum Products, Inc. at (856) 829-2000 for availability and pricing ofthese or any other option requirements.*All times and pressures are for clean,dry, empty, out-gassed furnace, starting from ambient pressure and temperature,and may vary. Times and pressures subject to pump size and maximumtemperature.
+/- 1 degree controllability
<
+/- 2°C temperature uniformity*
SCR Power Supply regulation
3-zone heat
control with independent
PID loop control
Vacuum Pumping System
Standardpump down time*
To 0.1 Torr 7 minutes10-5
Torr Scale 15 minutesHigh-
VacuumValve: T-M 6" Right Angle Poppet Valve6" diffusion pump – net pumpingspeed:2,400 l/s42.2 cfm mechanical roughing & backing pump3.8 cfmmechanical hold pumpAvailable:Upgraded pumping systems – Mechanical,dry, diffusion, cryogenic, and turbo-molecularMolecular Sieve orMechanically refrigerated, optically-dense, cold trap in roughing line or liquidnitrogen cryo-trap in high-vacuum line (for prevention of hydrocarboncontamination)Inert Gas and Quick Cool System10 HP blower – 4,200 cfmfree air displacementGas/water heat exchanger18 vents directing QuickCool gas onto workloadIntegral with furnace chamber, no externally mountedcomponentsAvailable:Multiple-process gas capability
ControlledCooling
System ControlsThe “E” control system: full PC, PLC, and HMIsoftware control package will provide superior control, system analysis, recipemanagement, and data acquisition. With more than 14 user-friendly screensdisplayed on its 17" LCD flat panel touch screen, this state-of-the-art systemeliminates the need for separate programmers, controllers and messagedisplays.Over-temperature controlDigital vacuum displayCenter ofload thermocouple standardEmergency StopAvailable:Multiple-surveythermocouplesUninterrupted power supplies (UPS)Multiple-channel colorstrip chart recorderOperating Pressure RangeHigh-vacuum to 2-bar (higherpressures available)Working pressure at maximum temperature: high-vacuum to1 torr (higher pressures available)Capable of pressures between atmosphereand 2-bar (for Quick Cool use)6-bar availableHot ZoneConstructionUsable work zone 12" W x 12" H x 24" DUsable work zonevolume of 2 cubic feetWork load capacity 200 lbsRound,horizontally-mounted Hot Zone comprised of six (6) high temp/lowresistancemolybdenum 2" band heater elementsHeat shielding is composed of molybdenumlayers backed by stainless steel layersin stainless steel containment and anelectro-pneumatically operated Heat Pack door shield assemblyComplete HotZone is easily removable as a unit for fast maintenance and less downtimeMolybdenum hearth assembly is 12" W x 24"DAvailable:Graphite andtungsten heating elementsGraphite insulation in stainless steelcontainmentChamberAll-stainless steel construction including head-endclosure and water jacketingDual-wall chamber configuration designed to allowcomplete water-to-surface contactStainless steel dual-wall, water-cooleddoorWater cooling for power feed-thru is external to vacuum chamber,eliminating thepossibility of water leaking into the chamberSix clamp overcenter pneumatic clamp/locking doorWorking pressure: Full vacuum to 2-bar(6-bar available)Safety FeaturesAll T-M Vacuum Products, Inc. products areequipped with standard safety features toensure safe operation.Please consultT-M Vacuum Products, Inc. at (856) 829-2000 for availability and pricing ofthese or any other option requirements.*All times and pressures are for clean,dry, empty, out-gassed furnace, starting from ambient pressure and temperature,and may vary. Times and pressures subject to pump size and maximumtemperature.
SHADYSİDE INN SUİTES
Shadyside Inn Suites is different. Your idea of staying in a hotel is about to change. Our suites are not typical hotel rooms. In fact we do not have rooms; we only offer suites. Why are we different? Your suite is a fully furnished apartment with the same amenities as a hotel located in a residential neighborhood. It’s not just any neighborhood, it's Shadyside, Pittsburgh’s most quaint, trendy, and upscale urban area. Picture Boston’s Newberry Street, or New York’s East Village and you will get an idea of what the Shadyside area is like.Imagine having your own apartment in the best location in Pittsburgh for as little as a day or for as long as a lifetime. Shadyside Inn Suites is as flexible as you need. Only going to be here for a night? Why not have your own fully equipped apartment? Need somewhere to stay for a month while your house is renovated? Shadyside Inn Suites is your answer. Looking to attend the University for only nine months? Shadyside Inn Suites can accommodate. Think this is going to cost you more than a hotel? Not even close. Our rates are lower, our suites are double the size of any hotel in the area, our parking is free, and our location is unrivaled.Our suites are located within a block or two of some of the best dining, entertainment, and shopping in Pittsburgh. At your door are 135+ shops, 15+ restaurants and some of the best nightlife in the area. Shop in small boutiques, visit your favorite national store, and dine on cuisines from all over the world. Shadyside living is unmatched.Stay in Shadyside and still be approximately 4 miles from Downtown Pittsburgh and the Convention Center and less than 1 mile from the following hospitals: Presbyterian, Montefiore, Magee Women's, Falk Clinic, West Penn, Children's, Shadyside Hospital, and Western PsychiatricWithin 1 mile of the Shadyside Inn Suites is The Carnegie Museum of Art, The Museum of Natural History, The University of Pittsburgh, Carnegie Mellon University Chatham College, and Carlow College.Besides coming for a visit, the best way to learn about our story is read what other people have said about us. Please click on the following links to read what the professionals have to say
KYC compliance
Know Your Customer (KYC) compliance regulation has proved to be one of the biggest operational challenges banks, accountants, lawyers and similar financial service providers worldwide have had to overcome.World-Check, the industry standard KYC compliance solution, provides an overview of KYC compliance and its origins, and outlines the compliance mandate as applicable to banks, accounting firms, lawyers and other regulated financial service providers – not just in the UK, Europe and the USA, but all around the world. Relied upon by more than 3,000 institutions worldwide, this KYC database solution provides effective legal and reputational risk reduction.Why “Know Your Customer?”The 9/11 terrorist attacks on the World Trade Centre revealed that there were sinister forces at work around the world, and that terrorists activities were being funded with laundered money, the proceeds of illicit activities such as narcotics and human trafficking, fraud and organised crime. Overnight, the combating of terrorist financing became a priority on the international agenda.For the financial services provider of the 21st century, “knowing your customers” was no longer a suggested course of action. Based on the requirements of legislative landmarks such as the USA PATRIOT Act 2002, modern Know Your Customer (KYC) compliance mandates were created to simultaneously combat money laundering and the funding of terrorist activities.What is Know Your Customer (KYC)?Know Your Customer, or KYC, refers to the regulatory compliance mandate imposed on financial service providers to implement a Customer Identification Programme and perform due diligence checks before doing business with a person or entity.KYC fulfils a risk mitigation function, and one its key requirements is checking that a prospective customer is not listed on any government lists for wanted money launders, known fraudsters or terrorists.If preliminary KYC checks reveal that the person is a Politically Exposed Person (PEP), for example, Advanced Due Diligence must be done in order to ensure that the person’s source of wealth is transparent, and that he or she does not pose a reputational or financial risk in terms of their finances, public positions or associations. Beyond customer identification checks, the ongoing monitoring of transfers and financial transactions against a range of risk variables forms an integral part of the KYC compliance mandate.But to understand the importance of KYC compliance for financial service providers better, its origins need to be examined.Origins of Know Your Customer (KYC) complianceThe arrival of the new millennium was marred by a spate of terrorist attacks and corporate scandals that unmasked the darker features of globalisation. These events highlighted the role of money laundering in cross-border crime and terrorism, and underlined the need to clamp down on the exploitation of financial systems worldwide.Know Your Customer (KYC) legislation was principally not absent prior to 9/11. Regulated financial service providers for a long time have been required to conduct due diligence and customer identification checks in order to mitigate their own operation risks, and to ensure a consistent and acceptable level of service.In essence, the USA PATRIOT Act was not so much a radical departure from prior legislation as it was a firmer and more extensive articulation of existing laws. The Act would lead to the more rigorous regulation of a greater range of financial services providers, and expanded the authority of American law enforcement agencies in the fighting of terrorism, both in the USA and abroad.In October 2001, President George W. Bush signed off the USA PATRIOT Act, effectively providing federal regulators with a new range of tools and powers for fighting terror financing and money laundering. During July 2002, the US Treasury proceeded to introduce Section 326 of the PATRIOT Act, a clause that removed some key burdens for regulators and added significant enforcement muscle to the Act.What 9/11 changed, in essence, was the extent to which existing legislation was being implemented. Using the provisions of the earlier anti-terrorism USA Act as a foundation, it included the Financial Anti-Terrorism Act, which allowed for federal jurisdiction over foreign money launders and money laundered through foreign banks. Significantly, it is this anti-terror law that would make the creation of an Anti Money Laundering (AML) programme compulsory for all financial institutions and service providers.Section 326 of the USA PATRIOT Act dealt specifically with the identification of new customers (“CIP regulation”), and made extensive provisions in terms of KYC and the methods employed to verify client identities.In accordance with this piece of updated KYC legislation, federal regulators would hold financial institutions accountable for the effectiveness of their initial customer identification and ongoing KYC screening. Institutions are required to keep detailed records of the steps that were taken to verify prospective clients’ identities.Although current KYC legislation does not yet demand the exclusion of specific types of foreign-issued identification, it recommends the usage of machine-verifiable identity documents. The ability to notify financial institutions if concerns regarding specific types of identification were to arise, combined with a risk-based approach to KYC, proved to provide a robust mechanism for addressing security concerns.Effectively, the risk-based approach to customer due diligence grants regulated institutions a certain degree of flexibility to determine the forms of identification they will accept, and under which conditions.KYC compliance: Implications for banks, lawyers and accounting firmsThe KYC compliance mandate, for all its positive outcomes, has burdened companies and organisations with a substantial administrative obligation. Additionally, KYC compliance increasingly entails the creation of auditable proof of due diligence activities, in addition to the need for customer identification.
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