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Innovative Systems' News & Events |
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Press ReleasesFinScan Announces Hosted Compliance Solution Contract with Ashburton (Jersey) Ltd Leading Investment Management Firm to Perform Sanctions and PEP Screening London, United Kingdom – June 16, 2009 – FinScan, a leading provider of sanctions list, PEP and heightened risk screening solutions for the financial services industry, today announced Ashburton (Jersey) Ltd, part of the FirstRand Group, a premier investment management firm serving an international client base, has gone live with the latest version of the FinScan hosted screening service. Subject to the jurisdiction of Jersey in the Channel Islands, Ashburton chose the FinScan Hosted compliance solution to help reduce enterprise risk and meet the heightened screening requirements of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations of the 3rd EU Directive. The solution chosen by Ashburton includes FinScan’s Hosted Screening service as well as a subscription to the FinScan List Management service. Ashburton will screen new and existing customers against the World-Check data file consisting of Sanctions, Politically Exposed Persons (PEPs), and Heightened Risk Entities data sources. FinScan’s “intelligent” matching will improve Ashburton’s screening accuracy and help reduce the significant effort often required to review sanctions and PEP screening results. “This is an excellent application for FinScan’s global capability, providing a single solution that can operate across multiple jurisdictions with a rapid implementation,” said John Haley, FinScan sales and marketing manager. “We look forward to working closely with the FirstRand Group in Jersey, Guernsey and South Africa to meet their compliance needs.” Used in thousands of projects worldwide, FinScan’s robust matching engine facilitates the efficient and accurate screening of large volumes of records with very precise, user-configurable rules for flagging suspicious records. This process greatly reduces the risk associated with missing real matches (false negatives), and minimises the time and cost associated with researching false matches (false positives). About Ashburton (Jersey) Ltd Ashburton's long tradition of providing consistent returns and superior client service based on their active and unconstrained methodology is applied throughout their range of funds and across multiple asset classes. This has enabled them to nurture and build wealth for their clients for more than a quarter of a century. About Fin Scan
FinScan helps financial services organizations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed, hosted, or transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for our clients. The FinScan Web site is located at www.finscan.com. Company Press Contact: Trademark Notice |
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