Accuity, a provider of payment routing data, anti-money laundering (AML) screening data software and professional services, has made three new additions to its Global WatchList, the firm’s collection of sanctions, enhanced due diligence and politically exposed persons (PEPs) lists. These new lists, covering entities from three of the most unstable countries in the Middle East and North Africa – Libya, Syria and Egypt – will provide clients with extra protection and assist them with reducing the reputational risk of doing business with sanctioned or high-risk persons and organisations.
The enhanced due diligence lists for Syria and Libya stem from the sanctions imposed by chief regulatory bodies such as OFAC, EU and HM Treasury on Syrian and Libyan government officials and entities they own or control. The lists facilitate the identification of accounts and transactions linked to these countries, allowing extra scrutiny to be applied and enabling an informed decision to be made on how to proceed. The new sanctions list for Egypt includes individuals posted by the Egyptian Financial Supervisory Authority, who are prohibited from carrying out financial transactions or whose transactions should be seized.
“Accuity’s unique approach to a situation as dynamic and dangerous as the current unrest in the Middle East and North Africa is to provide our customers with every piece of information available,” said Brent Newman, Accuity’s managing director of global product and data management. “These three new lists offer the most up-to-date and comprehensive data in the industry ensuring the highest possible levels of protection.”
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