Accuity, a provider of payment routing data, anti-money laundering (AML) screening software and services, has enhanced its AML and compliance offering in the light of the escalating situation in Libya.
As the unrest in Libya continues to develop, Accuity has continued to enrich the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list in order to ensure that current economic and financial sanctions are stringently enforced. Accuity will be announcing updates and enhancements to the OFAC SDN list on a live, immediate basis – a timeline that is important as the crisis continues to escalate. Accuity’s data ensures that all possible officials, aliases, business entities and organisations that may be subject to sanctions are included, providing the vital data necessary to support a rigorous AML compliance program offering extra protection and reduced reputational risk.
Malcolm Taylor, managing director Europe, Middle East and Africa (EMEA) and Asia-Pacific, Accuity, said: “As the situation in Libya dramatically worsened and the international community was forced to put sanctions in place, Accuity sought to provide enriched, in-depth and timely information that would equip banks and businesses alike with the tools required to maintain a compliant and proactive approach to operating in a rapidly changing political environment. Accuity is committed to supporting our customers and the markets we serve as they look to minimise risk and keeping them updated on a systematic and up-to-the-moment basis.”
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