Geneva
26 September 2016
Reporter: Becky Butcher

Accuity launches goods screening engine


Accuity has launched its enhanced dual-use goods screening capability, to prevent goods being used in terrorist or rogue state activity.

The new screening engine, which differentiates between goods that could have civil and military purposes, enhances standard regulation lists with additional synonyms and data points to increase the chance of catching high-risk goods.

It is designed to respond to the increase in regulatory pressure on banks to intensify their efforts fight financial crime and money laundering.

Heather Lee, Accuity’s trade compliance product lead, said: “Compliance teams often dedicate significant resources to investigating false alarms and risk missing potentially illicit activity, while legitimate transactions may be delayed or simply become uneconomic.”

More sibos news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AI will be transformative, but is still in early stages
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Artificial intelligence is a “transformational technology” that will improve productivity and security, and provide a competitive advantage, according to a live poll at Sibos 2017
Security and standards key in blockchain solutions
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Distributed ledger technology (DLT) solutions should embed security measures at their very core, especially in the financial services space, according to Sibos panellists
Culture changes required before blockchain
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Blockchain could lead to cost savings in the back office, but cultural change and collaboration is required before it can be fully implemented
Sibos: Data is “the new oil”
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Data is considered more important than money by 57 percent of Sibos attendees responding to a live poll following the Future of Money session
Harnessing data can keep securities secure
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Securities transactions are just as susceptible to cybercrime as payments, and proper use, and protection, of data is key to managing that risk, Sibos attendees have heard
Industry torn on which city will replace London as post-Brexit financial hub
17 October 2017 | Toronto | Reporter: Stephanie Palmer
Frankfurt is set to displace London as a global financial centre after Brexit, according to an audience poll at Sibos 2017, however the session’s panellists were not convinced by the results
Quick response times key to managing reputational risk
17 October 2017 | Toronto | Reporter: Stephanie Palmer-Derrien
Reputational risk should be taken as seriously as any other type of risk, and measured, organisation-wide, and well-planned responses are key to minimising it, heard panel attendees at Sibos 2017
More sibos news