Complinet
From AlacraWiki
DATABASE:
Complinet
PUBLISHER:
Complinet is a leading publisher of regulatory information and a provider of compliance services and software solutions to the international financial services industry. From regulatory publishing and compliance training through to software development, the company provides extensive compliance services.
Checking names against restricted lists is a critical part of any Client Screening (Know Your Customer) process, CIP (Customer Identification Program) policy, or AML (Anti-Money Laundering) procedure. It is essential that you have an efficient process for screening new customers accounts. Similarly, it is important to check all customer names within an acceptable time frame following the issuance of a new sanction. Failure to perform the checks immediately the new data becomes available will leave the firm at risk of dealing with a restricted entity.
Complinet’s suite of client screening services provide cost-effective solutions to this problem.
