Acuris Risk Intelligence has collaborated with anti-money laundering solutions provider FinScan to develop a new platform for swift watch list screening and customer due diligence.
FinScan works on providing Politically Exposed Persons (PEP), sanctions and adverse media screening solutions to various organisations.
The collaboration aims to leverage FinScan’s solutions and Acuris Risk Intelligence’s expertise to enable the clients identify high-risk customers.
Additionally, the partnership will also see the integration of Acuris Risk Intelligence sanction, PEP, source of wealth and adverse media data into FinScan.
The integration is expected to enable the clients to determine subsequent actions against potential suspicious activity.
Acuris Risk Intelligence managing director Joel Lange said: “This collaboration will allow organisations 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.”
FinScan’s managing director for the UK, MEA and APAC Craig Robertson said: “Automation is essential to enable regulated entities to step up their due diligence procedures in determining their customers’ legitimacy.
“Our new collaboration with Acuris Risk Intelligence provides an additional level of clarity to our clients’ due diligence processes.”
Established in 2004 as C6, Acuris Risk Intelligence focuses on providing PEPs, sanctions and AML data for due diligence. In 2015, it was acquired by Acuris Group.
Currently, its dataset includes fraud and cyber security content to help the clients mitigate business risks.
