The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Technology review 2010: Minimizing reputational risk

Although central banks around the world require all cash management banks to have anti-money laundering programmes in place and companies have traditionally relied on the banks to protect them from trading with potentially illegal counter-party organizations, some are now beginning to use specialist anti-money-laundering service suppliers direct.

Accuity, which has been providing anti-money-laundering services to banks for more than 20 years, is now providing them to a growing list of companies. Using its Global WatchList data assembled from a variety of sources, including sanctions data, enhanced due diligence (EDD) and politically exposed persons (PEP) data, Accuity’s anti-money-laundering services enable companies to avoid trading with potentially illicit organizations, damaging fines and adverse publicity, as shown in Figure 3.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree