Fortune 100 firm selects Complinet Global Screening Solution
Leading corporation invests $2.7 million in preventative financial crime solution
London – 24 March 2009 – Complinet, the leading provider of connected risk and compliance solutions, announced today that one of the world's largest corporations has selected Complinet's worldwide anti-money laundering solution, spending $2.7 million over the next 24 months.
This leading global client, which provides a broad range of business and consumer credit financial services solutions to more than 130 million customers in more than 35 countries, is rolling out Complinet's Global Screening solution to over 1500 users globally. The client is growing organically and through acquisition as it takes on more responsibility and regulatory obligation, it needed a screening solution it could count on.
Chris Pilling, Complinet CEO said: "This prestigious global corporation joins our long list of clients looking for a total end-to-end AML solution that is cost effective, efficient and highly scalable. Our solution gets compliance staff up and running instantly. Complinet's Global Screening can be rolled out to small firms and large corporations with the same ease, providing compliance professionals the tools they need to keep up with the rigorous standards on anti-money laundering, identify verification and know your customer (KYC) process."
Today's global financial services industry is exposed to an unprecedented level of risk, including the abuse of the system by money launderers, terrorists and fraudsters. International regulations and guidelines, designed to prevent criminals entering the global economic system and disguising their activities, now impose rigorous standards on anti-money laundering (AML), identity verification and know your customer (KYC) processes. Complinet's Global Screening solution is a cost-effective and reliable AML system with a systematic and connected approach that draws on regulatory knowledge beyond that of generic providers. For more information on Complinet's Global Screening go to www.complinet.com.
About Complinet
Complinet is the leading online provider of connected risk and compliance solutions to the global financial services community.
Complinet's cost-effective range of services includes a 'complete' service that delivers insight and interpretation of regulatory risks and developments. Our portfolio also helps firms to screen their clients, manage their policies and train their staff.
Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London, Sydney, Melbourne, Singapore and Dubai. Every day, industry professionals in more than 1,800 firms across 81 countries rely on Complinet as their information partner for ongoing analysis and solutions that help them keep pace with changing regulations.
