Leading Investment Management Firm to Perform Sanctions and PEP Screening
in Compliance with 3rd EU Directive
LONDON, June 15 /PRNewswire/ -- 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
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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.
Ashburton's Client Services Manager, Louise Wilson, commented that,
"FinScan's solution has been implemented efficiently and effectively. It is
simple to use and the support staff are terrific. A great compliance tool."
"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).
For further information:
For further information: John Haley, Sales & Marketing Manager (EMEA),
+44 (0) 1483 730446, firstname.lastname@example.org