Complinet, provider of solutions that deliver relevant compliance intelligence to industry professionals, has signed a global contract with Reuters.
Reuters DataScope Select is a hosted service that provides pricing and validation data to financial institutions. This consists of coverage of equities, funds, derivatives, foreign exchange, governments and municipals with full back-office requirements, which include regulatory and compliance reporting.
Complinet Global Screening allows organisations to check individual and institutional customer names against restricted lists, enabling sophisticated and reliable anti-money laundering procedures.
“Reuters has a global reputation and this is a great endorsement of the accuracy and breadth of our real-time information services.” says Chris Pilling, founder and CEO of Complinet, “Around the world, financial institutions, fund managers and legitimate businesses must ensure that they conduct business with reliable and trustworthy individuals and organisations.”
Jonathan Hodgson, Head of Regulatory Compliance data for Reuters Enterprise Information, adds: “Two significant factors led us to award the contract to Complinet: the timeliness, breadth and accuracy of the data sources behind its Global Screening product, and the level of customisation that Complinet could deliver to ensure that the screening data, regulatory information and sanction lists matched our exact requirements.”