Accuity, the leading provider of payment routing data, AML data and screening software and services, is pleased to announce its premier AML compliance solution, Compliance Link, provides the most robust compliance filtering and matching technology in the industry. Named “Best-in-Class Watch-List Filtering Solution” in the Aite Group’s 2011 Global Anti-Money Laundering Vendor Evaluation report, Compliance Link provides users with a wealth of tools to meet growing regulatory requirements. From data enhancements and customized risk scoring capabilities to multiple screening algorithms and the most sophisticated false positive reduction capabilities available in the industry, Compliance Link is the end-to-end solution to streamline AML compliance workflow and screening processes.
Compliance Link offers a modular design to effectively manage key compliance functions, including data preparation, match management and case workflow. The Data Cleanse and Language Modules prepare account data for best matching results by transliterating languages and scripts to Roman characters, while transforming names, dates, addresses and other data into standard formats to improve match rates and reduce false positives. Compliance Link’s screening algorithms and matching technologies greatly increase the flexibility for matching against different spellings and typographic errors. Risk scoring increases the priority of stronger matches and decreases the priority of weaker matches, while highly sophisticated rules and recommendations from Accuity’s Professional Services Group (PSG) help maximize false positive reduction.
Compliance Link is powered by Accuity’s Global WatchList® – the only AML database that provides 100 percent coverage of global sanctions lists, as well as data enhancements for added protection against sanctioned entities, Politically Exposed Persons (PEPs) data, enhanced due diligence files and privately created caution lists to comply with internal mandates and controls.
“In an era of heightened risk, organizations must take every step possible to ensure maximum AML and sanctions compliance to avoid potential fines and damage to their reputations,” said Brent Newman, Accuity’s Managing Director of Global Product and Data Management. “With its unique risk scoring capabilities and the industry’s most powerful screening algorithms and matching technologies, Compliance Link furthers Accuity’s mission to provide users the highest levels of protection possible.”
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