Accuity Selected as the Isle of Man Law Society's AML e-Verification Supplier for PEP and Sanctions Screening

LONDON, January 24, 2011 /PRNewswire/ -- Accuity, the leading worldwide provider of regulatory screening software and services, has been selected by the Isle of Man Law Society as its preferred supplier of AML e-verification solutions.

As the representative and regulatory body of the law firms on the Isle of Man, The Law Society is introducing a range of products and services to assist its members in complying with anti-money laundering obligations. Providing its members access to Accuity's solutions is considered key to achieving this goal.

"We are pleased to announce that the Law Society of the Isle of Man has selected Accuity as its preferred supplier for PEPs and sanctions list screening," said Jane O'Rouke, Chief Executive at The Law Society. "Politically Exposed Persons (PEPs) may pose a higher risk of money laundering to law firms and enhanced due diligence must be undertaken when accepting them as clients. In establishing this relationship with Accuity, we feel as a Society that we are making accessible very valuable tool which can only have a positive impact on Members' compliance."

Ms. O'Rouke added, "Accuity's extensive experience in this field, the breadth of their information sources and their user-friendly solutions were key reasons for the Law Society's decision to choose them as our supplier."

Malcolm Taylor, Accuity's Managing Director EMEA and APAC said: "Accuity is honoured to have been selected by the Isle of Man Law Society as its preferred supplier for PEPs and sanctions screening solutions. Our industry-leading AML look-up tools and filtering engines have proven themselves to be efficient and cost-effective tools for legal practitioners in firms of all sizes and we look forward to delivering their benefits to the Society's Members."

Accuity's e-verification software can help legal firms reduce the risk of violating domestic and international regulations and save valuable time and money. Accuity's AML Compliance Solutions offers a range of caution lists and screening solutions that provide a prime defence against participation in illicit financial activities, such as money-laundering and terrorist financing. Accuity introduced the world's first compliance filtering engine in 1994 and since then its products have been continually updated to provide industry-leading solutions for global due diligence and regulatory compliance. To learn more about PEP and Sanctions screening, visit Accuity's Web site (http://www.accuitysolutions.com/Legal).

About Accuity

Accuity (http://www.accuitysolutions.com/) is the leading provider of global payment routing data, AML screening software, and services that allow organisations, across multiple industries, to maximise 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.

About The Law Society

The Isle of Man Law Society (http://www.iomlawsociety.co.im/) is the oldest Manx professional body, formed by the Law Society Act 1859 passed by Tynwald. The Society was originally established to provide access to the Law Library, which holds legal case histories and the profession's reference books. Over the years, the Society's role has developed significantly and apart from now dealing with the administration of the Society's business and its interrelationship with government and other connected bodies, it has responsibilities concerning the education, guidance and regulation of the membership as a whole.

Charlie Morrow, Cognito London, +44(0)20-7438-1100, accuity@cognitomedia.com