Accuity Selected As the Isle of Man Law Society’s Aml E-verification Supplier for Pep and Sanctions Screening

London - 24 January 2011

Accuity, the leading worldwide provider of regulatory screening software and services, has been selected by the Isle of Man Law Society as its preferred supplier of AML e-verification solutions.

As the representative and regulatory body of the law firms on the Isle of Man, The Law Society is introducing a range of products and services to assist its members in complying with anti-money laundering obligations. Providing its members access to Accuity’s solutions is considered key to achieving this goal.

“We are pleased to announce that the Law Society of the Isle of Man has selected Accuity as its preferred supplier for PEPs and sanctions list screening,” said Jane O’Rouke, Chief Executive at The Law Society. “Politically Exposed Persons (PEPs) may pose a higher risk of money laundering to law firms and enhanced due diligence must be undertaken when accepting them as clients. In establishing this relationship with Accuity, we feel as a Society that we are making accessible very valuable tool which can only have a positive impact on Members’ compliance.”

Ms. O’Rouke added, “Accuity’s extensive experience in this field, the breadth of their information sources and their user-friendly solutions were key reasons for the Law Society's decision to choose them as our supplier.”

Malcolm Taylor, Accuity’s Managing Director EMEA and APAC said: “Accuity is honoured to have been selected by the Isle of Man Law Society as its preferred supplier for PEPs and sanctions screening solutions. Our industry-leading AML look-up tools and filtering engines have proven themselves to be efficient and cost-effective tools for legal practitioners in firms of all sizes and we look forward to delivering their benefits to the Society’s Members.”

Accuity’s e-verification software can help legal firms reduce the risk of violating domestic and international regulations and save valuable time and money. Accuity’s AML Compliance Solutions offers a range of caution lists and screening solutions that provide a prime defence against participation in illicit financial activities, such as money-laundering and terrorist financing. Accuity introduced the world's first compliance filtering engine in 1994 and since then its products have been continually updated to provide industry-leading solutions for global due diligence and regulatory compliance.

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