Accuity wins English Law Soc anti-money laundering deal
Accuity has been selected by The Law Society as its preferred supplier of AML e-verification solutions. As the representative body of the law firms in England and Wales, The Law Society is introducing a range of products and services to assist its members in complying with anti-money laundering obligations.
Neil Skinner, Business Development Manager at The Law Society said: “We are pleased to announce that the Law Society of England & Wales has selected Accuity as its preferred supplier for PEPs and sanctions list screening. 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 a client. It is also a criminal offence to provide funds to, or take funds from, a person or business on the sanctions list without permission from HM Treasury. Accuity can assist firms in developing a detailed risk profile of their clients and their clients' associates when they are dealing with PEPs and also help minimise the risk of dealing with sanctioned entities. 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 appoint them as our preferred supplier.”
As the Law Society's preferred AML e-verification supplier for PEP and Sanctions screening, Accuity is offering a free five-day trial of its PEP Online look-up tool. Plus all members can receive a 10% discount on the purchase of any Accuity AML solution. www.accuitysolutions.com/legal