CSi's Smeda to Address Critical Risk Management Topics at Fiserv VISION Conference for Financial Professionals

GRAND RAPIDS, Mich., April 19 /PRNewswire/ -- Compliance Systems, Inc. (CSi), a leading compliance company for financial institutions nationwide, today announced Reid Smeda, its Executive Vice President and General Counsel, will be presenting industry best practices relating to OFAC screening, Enhanced Due Diligence (EDD) and Customer Identification Programs (CIP) at the Fiserv VISION National Conference May 7-9 in Las Vegas, Nevada.

Financial institutions must continually comply with the stringent regulatory requirements associated with OFAC screening, EDD and CIP. Failure to accurately interpret these regulations and establish sound business practices around them could expose the institution to compliance risk, reputation risk, transaction risk and financial risk.

"Our customers continue to be challenged in dealing with these regulations and lesser known subtleties can significantly increase their exposure to risk," said Smeda. "We help them better understand these subtleties and the direct impact of the requirements on specific transactions, such as lines of credit or financial statement reviews."

Smeda's presentation will not only address best practices from a compliance perspective, but he will also include a discussion on hard and soft dollar costs and relationship costs associated with these regulations.

About Reid Smeda: Reid Smeda, Sr., J.D. serves as CSi's Executive Vice President and General Counsel. Mr. Smeda's expertise is drawn from over 15 years of legal/compliance, risk management, and business experience in the financial industry. Prior to joining CSi in 2005, Mr. Smeda served as the Director of Compliance, Credit Policy and Knowledge Management for The Merrill Lynch Global Bank Group. His experience also includes senior legal and management roles with a $2.6B and a $65B financial institution, an adjunct instructor role at St. Xavier University, Chicago, IL and an internship with the FDIC's Office of Special Counsel.

About Compliance Systems, Inc.: Headquartered in Grand Rapids, MI, Compliance Systems, Inc. (CSi) is a trusted and reliable partner who delivers the market's leading document and compliance technology along with proactive support. Cost-effective and easy-to integrate, CSi's solutions are changing how the financial industry measures compliance documentation excellence. For over 25 years CSi products have helped financial institutions meet their demanding documentation needs for lending, deposit and tax-favored account functions. For more information, call 800-968-8522 or visit http://www.compliancesystems.com/.