Accuity, the leading provider of payment routing data, AML screening software and services, today added Online Compliance to its comprehensive Compliance Suite, advancing its position as a single source for regulatory compliance and enhanced due diligence solutions.
Accuity’s Online Compliance, powered by WorldCompliance, is an online look-up tool for identifying and researching Politically Exposed Persons (PEPs) and other sanctioned or high-risk entities. Each record details information such as name, aliases, date of birth, place of birth, photographs, positions, family members, associates and company holdings. Records are also notated with precise source links to simplify any further due diligence verification, which might be necessary.
Two notable features of this powerful compliance resource are its translation and e-mail functionalities. The Translation feature enables users to translate original source documents, which may be unusable in their native formats, into a range of available languages. The E-mail feature allows users to send profiles complete with their notes to colleagues in order to pull others into the due diligence process and establish an audit trail. These features along with others like passport validation, search relevance-enhancing navigation and user-friendly viewing options make Online Compliance an indispensible research tool.
With an increased emphasis on Know Your Customer practices, identifying and reporting possible money laundering activity, corruption or other types of financial fraud has become a critical task for financial institutions and corporations alike. “Organizations around the world engage in new business relationships each day and thereby increase their risk of inadvertently assisting illegal activity,” said Hugh Jones, President of Accuity. “By using our compliance tools, companies have access to the most comprehensive data and technology available to help protect their businesses.”
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