AMD is the leading cause of irreversible vision loss in the developed
world, affecting 15 to 20 percent of individuals over the age of 60, or an
estimated 50 million individuals.

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However, the final regulations to
implement Section 312, covering private banking and correspondent banking,
were only published in December 2005. Hopefully they are
already doing most of what is required, but it will take time to digest all
the regulations.

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The Florida International Bankers Association (FIBA) will bring
together regulators and financial executives to analyze the new regulations
under Section 312 as part of their FIBA Annual Anti Money Laundering
Compliance Conference on February 9 to 10, 2006, in Miami.S.

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ParAllele BioScience Inc. and University of Iowa Collaborate to Discover Genes Responsible for Macular Degeneration

Recent genome-wide linkage analyses have revealed loci on multiple
chromosomes with the potential to harbor major AMD-associated genes . For more information about ParAllele,
please visit the company's website at: http://www.com.

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"The agreement is an exciting opportunity for us to combine ParAllele's
strengths in pharmacogenomics and high throughput gene mutation discovery with
the acknowledged leadership of Dr.

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"
Hageman 's studies are funded by the National Eye Institute at NIH and
additional corporate entities.parallelebio .
"The industry has been waiting for these implementing regulations for more
than 4 years, " said Pat Roth, Executive Director of Florida International
Bankers Association (FIBA).S.

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One of the goals of our Annual AML Conference is precisely
to help the international financial sector understand and apply Section 312 at
their institution," Roth concluded.

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SOUTH SAN FRANCISCO, Calif.

NOTE: ParAllele is a trademark of ParAllele BioScience, Inc. Foreign
banks outside the US should also pay close attention to Section 312, since it
will impact their ability to do business with banks in the U.
"There are going to be a lot of bankers studying Section 312 to see what
it will mean for their international business," Roth added.com or call 305-579-0086.

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"The molecular events leading to the development of AMD are poorly
understood and no pharmacological treatment has been shown to be effective in
preventing, arresting or reversing the loss of vision associated with early
AMD," Hageman said. The company's products and
services utilize a multiplexed approach that leverages novel biochemical
processes rather than complex instrumentation to discover and analyze minute
variations in the human genome.

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"We
choose to collaborate with ParAllele because of their ability to
comprehensively analyze those regions for both common and rare mutations that
may be AMD-associated," he added.

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The research initiative will be led by Gregory
Hageman, Ph.
The company's investors include Abingworth Management, Index Ventures, Mohr
Davidow Ventures, and Versant Ventures. It will affect how international private banking and correspondent
banking are carried out.antimoneylaundering-fiba.

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"Our long range goal is to identify new
pathways and therapeutic targets that will hasten the development of
pharmaceutical agents capable of delaying the onset and/or progression of
AMD. Section 312 was part of the original USA PATRIOT
Act, passed by Congress in October of 2001.
Section 312 has a broad reach, and will impact broker dealers as well as
banks.

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, ParAllele
BioScience, Inc.

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New Financial Regulations Covering Section 312 of USA PATRIOT Act Take Center Stage at Upcoming FIBA Annual Anti Money Laundering Conference In Miami

financial institutions will need to analyze
what they are currently doing and determine whether additional enhanced due
diligence will be necessary for their international transactions.
Very importantly, securities broker-dealers , futures commission merchants
and introducing brokers in commodities are now specifically included in
Section 312 and must apply the same anti money laundering provisions under the
USA PATRIOT Act as the banks.

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Hageman and his Institute in the field of
AMD-associated pathways," said Nick Naclerio , CEO of ParAllele BioScience,
Inc. Headquartered in South San
Francisco, California, ParAllele BioScience was founded by a team of leading
researchers from the Stanford Genome Technology Center and Uppsala University. The implementing regulations will tell
the banks, as well as broker dealers and mutual funds, exactly what they need
to do to be in compliance with this Section of the USA PATRIOT Act.

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About ParAllele BioScience
ParAllele BioScience, Inc.

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announced today its joint collaboration agreement with the
University of Iowa Cell Biology and Functional Genomics Laboratory , the UI
Department of Ophthalmology and Visual Sciences and the UI Center for Macular
Degeneration to accelerate the discovery of genes associated with age-related
macular degeneration (AMD). The understanding of how subtle genetic
variations contribute to disease risk, prognosis and drug response will lead
to new and more effective drugs, predictive diagnosis, and the ability to
better tailor therapies to individual patients.

For more information on the FIBA Annual Anti Money Laundering Conference,
please visit http://www.

freda lizotte

MIAMI, The long-awaited implementing rules and
regulations for Section 312 of the USA PATRIOT Act have finally been
published. U.

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, professor at the UI Carver College of Medicine.

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is accelerating healthcare breakthroughs by
providing comprehensive genetic discovery solutions to the life science
research, pharmaceutical and diagnostic sectors.