 |
Innovative Systems and World-Check to Host Compliance Seminar on Third EU Money Laundering Directive
|
|
The second in a series of free seminars for financial services executives will include experts from ABN AMRO and Legal & General to present compliance best practices
|
|
LONDON, United Kingdom – 16 November, 2006 – Innovative Systems Incorporated, a leading provider of regulatory compliance solutions, announced today the upcoming seminar, “Implementing the Third EU Money Laundering Directive” to be held 23 November at the Threadneedles Hotel in London. Executives of financial services institutions will learn about new regulatory requirements and how technology solutions can be successfully employed to help their institutions achieve compliance. The seminar is the second in a series hosted by Innovative Systems Incorporated and World-Check that brings together industry executives and thought leaders to advance understanding on how institutions can most effectively comply with new and changing regulatory requirements. |
|
The European Commission adopted the Third Directive in 2005 to unify anti-money laundering and anti-terrorism financing regulations across Europe, in accordance with recommendations of the Financial Action Task Force (FATF), based in Paris, France. The 25 member countries of the European Union must incorporate the new standards into national law by December 2007. The Third Directive for the first time introduces risk-based approaches for customer due diligence measures, which include the identification and verification of customers, determining the intended nature of the business relationship, and the ongoing monitoring of relationships. |
|
As a result of the increased emphasis placed upon customer due diligence, the seminar will address the critical requirements for sanctions list and Politically Exposed Persons (PEPs) screening, to provide valuable guidance on how financial services firms can reliably implement risk-based screening processes for their large volumes of client data across numerous touch-points. |
|
Featured speakers for the seminar include: |
|
• |
|
Markus Schulz – Chief Operating Officer, Group AML Compliance, ABN AMRO |
|
|
|
• |
|
Angus Halton – MLRO, Legal & General |
|
|
|
• |
|
Patric Marshall – Director of Sales, EMEA, World-Check |
|
|
|
• |
|
Michael Healy – Executive Vice President, Innovative Systems Incorporated |
|
|
|
|
| To register for this upcoming seminar, please visit www.pepcompliance.co.uk. |
|
| About World-Check |
|
World-Check is relied upon by more than 2,000 institutions including over 200 regulatory and government agencies in more than 120 countries. 45 of the top 50 banks in the world and 18 of the top 20 European banks use World-Check to reduce their KYC and PEP risk. World-Check, the de facto industry standard for highly structured KYC and PEP intelligence.
|
|
|
| About Innovative Systems, Inc. |
|
|
| Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's data quality, data management, and compliance solutions include the i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ a CASS-certified address verification solution; Synchronos™, a master data management solution for enterprise customer data, and FinScan for compliance list, sanctions and PEP screening. |
|
| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of applications in more than 30 countries. ISI maintains headquarters in Pittsburgh, Pennsylvania, with European operations based in London. The Innovative Web site is located at www.innovativesystems.com. |
|
|
| Company Press Contact: |
Francesca Turner
Innovative Systems Incorporated
Tel: 441 483 730446
fturner@innovativesystems.com |
|
Trademark Notice
i/Lytics, i/Lytics Data Profiler, i/Lytics SECURE, eWatchLine,
Fin-Scan and Synchronos are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
|
|
|
