The new "Manage My Documents" feature allows providers of the documents to review, confirm or supply replacements online into the Due Diligence Repository. It increases the speed at which compliance personnel at banks can update their own documents in the Due Diligence Repository. All documents have to meet Bankersalmanac.com's strict quality control criteria before they are published on the Due Diligence Repository, to reduce the need for banks to re-check information.

The Due Diligence Repository was launched by Bankers Almanac in 2004, in association with the Wolfsberg Group, to provide the primary information required to conduct due diligence checks on bank counterparties. Containing copies of banks' key documents including licences, articles of association, anti-money laundering controls, USA PATRIOT Act Certification, annual reports and the Wolfsberg Group Anti-Money Laundering Questionnaire, the Due Diligence Repository has become the global industry standard, reducing the burden that banks face when conducting Know Your Customer (KYC) assessments on their counterparties.

Commenting on the development, Kerry Hewson, Director of Bankers Almanac, said: "The launch of the "Manage My Documents" feature within the Due Diligence Repository will provide a considerably more efficient way for banks to review and update their documents. This ultimately benefits the industry as a whole by ensuring all departments within banks that use the Due Diligence Repository, such as compliance, Anti-Money Laundering or correspondent banking, have access to the very latest documents available."