Accuity Selected as the Isle of Man Law Society's AML e-Verification Supplier for PEP and Sanctions ScreeningBy Accuity, PRNE
Sunday, January 23, 2011
LONDON, January 24, 2011 - Accuity, the leading worldwide provider of regulatory screening software
and services, has been selected by the Isle of Man Law Society as its
preferred supplier of AML e-verification solutions.
As the representative and regulatory body of the law firms on the Isle of
Man, The Law Society is introducing a range of products and services to
assist its members in complying with anti-money laundering obligations.
Providing its members access to Accuity's solutions is considered key to
achieving this goal.
"We are pleased to announce that the Law Society of the Isle of Man has
selected Accuity as its preferred supplier for PEPs and sanctions list
screening," said Jane O'Rouke, Chief Executive at The Law Society.
"Politically Exposed Persons (PEPs) may pose a higher risk of money
laundering to law firms and enhanced due diligence must be undertaken when
accepting them as clients. In establishing this relationship with Accuity, we
feel as a Society that we are making accessible very valuable tool which can
only have a positive impact on Members' compliance."
Ms. O'Rouke added, "Accuity's extensive experience in this field, the
breadth of their information sources and their user-friendly solutions were
key reasons for the Law Society's decision to choose them as our supplier."
Malcolm Taylor, Accuity's Managing Director EMEA and APAC said: "Accuity
is honoured to have been selected by the Isle of Man Law Society as its
preferred supplier for PEPs and sanctions screening solutions. Our
industry-leading AML look-up tools and filtering engines have proven
themselves to be efficient and cost-effective tools for legal practitioners
in firms of all sizes and we look forward to delivering their benefits to the
Accuity's e-verification software can help legal firms reduce the risk of
violating domestic and international regulations and save valuable time and
money. Accuity's AML Compliance Solutions offers a range of caution lists and
screening solutions that provide a prime defence against participation in
illicit financial activities, such as money-laundering and terrorist
financing. Accuity introduced the world's first compliance filtering engine
in 1994 and since then its products have been continually updated to provide
industry-leading solutions for global due diligence and regulatory
compliance. To learn more about PEP and Sanctions screening, visit Accuity's
Web site (www.accuitysolutions.com/Legal).
Accuity (www.accuitysolutions.com/) is the leading provider of
global payment routing data, AML screening software, and services that allow
organisations, across multiple industries, to maximise efficiency and
facilitate compliance of their transactions.
As the Official Registrar of ABA Routing Numbers since 1911, Accuity
maintains the most authoritative and comprehensive databases globally with a
reputation built on the accuracy and quality of our data, products and
For more than 150 years our worldwide clients, located in over 150
countries, include C-level executives, managers, and technology
professionals. The solutions and services we provide are packaged in multiple
formats to serve their diverse needs.
About The Law Society
The Isle of Man Law Society (www.iomlawsociety.co.im/) is the
oldest Manx professional body, formed by the Law Society Act 1859 passed by
Tynwald. The Society was originally established to provide access to the Law
Library, which holds legal case histories and the profession's reference
books. Over the years, the Society's role has developed significantly and
apart from now dealing with the administration of the Society's business and
its interrelationship with government and other connected bodies, it has
responsibilities concerning the education, guidance and regulation of the
membership as a whole.
Charlie Morrow, Cognito London, +44(0)20-7438-1100,
Charlie Morrow, Cognito London, +44(0)20-7438-1100, accuity at cognitomedia.com
Tags: Accuity, January 24, London, United Kingdom