Accuity has acquired a significant minority stake in World Compliance, the Florida-based open source company. The payment routing data, anti-money laundering (AML) screening software and services provider has been a certified reseller of World Compliance solutions since February 2004, offering the company’s politically exposed persons (PEP) data as part of Global WatchList, Accuity’s collection of regulatory and enhanced due diligence lists.
Accuity’s president and chief executive, Hugh Jones, will serve on the World Compliance board to help guide its strategic and growth potential.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.