Accuity Launches Screening Alert Report Service to Maximize AML Compliance Efforts

SKOKIE, IL – June 3, 2009 – Accuity, the leading provider of payment routing data, AML screening software and services, has added the Screening Alert Report Service to its extensive suite of compliance solutions. The service, which provides a consolidated bi-weekly report of the latest caution list updates from regulatory agencies around the world, offers an in-depth analysis of the new or changed listings and recommends screening rules to assist regulated firms in managing AML operations effectively.

By consolidating numerous caution list changes and helping firms apply appropriate updates to their screening operations, the Screening Alert Report Service reduces potential “false positives” that might otherwise result from new or updated entity listings, which can result in increased costs and operational inefficiencies. Using the report, firms can create the appropriate rules within their screening solutions, ensuring that their AML screening operations are optimized and up-to-date.

After collecting and reviewing updates from OFAC, the EU, HM Treasury and various other regulatory agencies, Accuity  points out any inherent matching phrases that are likely to produce increased numbers of incorrect matches, provides commentary on the various entities and corresponding matching phrases and recommends specific False Positive Rules to address these items. The bi-weekly report is delivered via e-mail in a PDF format directly to subscribers, who can then create the appropriate rules.

“Organizations seeking to maximize the effectiveness of their AML compliance operations need more than just data to be effective,” said Henry Balani, Managing Director of the Strategic Services Group for Accuity. “Understanding how to properly apply caution list changes to their existing screening operations in order to minimize false positives is key. The Screening Alert Report Service is yet another tool Accuity offers to help our customers meet their AML compliance obligations while saving time and money.”

To learn more about the Screening Alert Report Service and the other elements of Accuity’s Compliance Suite, please contact our Customer Service team or visit our Web site.



About Accuity
Accuity is the leading provider of global payment routing data, AML screening software and services that allow organizations, across multiple industries, to maximize efficiency and facilitate compliance of their transactions.

As the Official Registrar of ABA Routing Numbers since 1911, Accuity maintains the most authoritative and comprehensive databases globally with a reputation built on the accuracy and quality of our data, products and services.

For more than 150 years our worldwide clients, located in over 150 countries, include C-level executives, managers, and technology professionals. The solutions and services we provide are packaged in multiple formats to serve their diverse needs.