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Acuris Risk Intelligence and FinScan form AML alliance

Source: Acuris Risk Intelligence

Acuris Risk Intelligence, an independent provider of data intelligence for Anti-money Laundering (AML), Anti-Corruption and Cyber Security; and FinScan, a global leader in AML compliance solutions, have joined forces to deliver an integrated platform for seamless and efficient watch list screening and customer due diligence.

FinScan provides advanced sanctions, Politically Exposed Person (PEP), and adverse media screening solutions for organizations worldwide. Its intelligent matching technology drastically reduces false positives and the risk of missing true hits. By combining FinScan’s accuracy and scalability with Acuris Risk Intelligence’s specialized knowledge, the partnership enables clients to screen customers and vendors against any high-risk or sanction lists using the deployment method of their choice.

Joel Lange, managing director at Acuris Risk Intelligence commented on the new partnership: “This collaboration will allow organizations to improve due diligence workflow processes through FinScan’s automated screening platform. With due diligence in the spotlight now more than ever, effective and comprehensive technologies will be key to staying on top of changing regulations."

To address the ever-increasing demands on compliance professionals, Acuris Risk Intelligence and FinScan bring a deeper understanding, better workflows, and higher precision to customer due diligence operations. By integrating C6 sanction, PEP, source of wealth, and adverse media data into FinScan, the two provide an increased level of transparency to clients in determining whether or not they need to act on highly suspicious activity.

“Automation is essential to enable regulated entities to step up their due diligence procedures in determining their customers’ legitimacy," said Craig Robertson, FinScan’s managing director of the UK, MEA, and APAC. “Our new collaboration with Acuris Risk Intelligence provides an additional level of clarity to our clients’ due diligence processes."

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