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Innovative Systems’ Murray Dickman to Speak at
2008 Money Laundering in Canada Conference
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Presentation will include available options for complying with
PEFP and sanctions list screening requirements |
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PITTSBURGH, PA – October 17, 2008 - Innovative Systems, Inc. (ISI), a leading global provider of data quality and regulatory compliance solutions, today announced that Murray Dickman, Chief Operating Officer of ISI’s FinScan sanctions and Politically Exposed Persons (PEP) list screening business line, will be a featured speaker at the 2008 Money Laundering in Canada Conference at the Fairmont Chateau Laurier in Ottawa, Ontario, Canada, October 19-21. |
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The annual conference, hosted by About Business Crime Solutions (ABCsolutions), Canada’s leading Anti-Money Laundering and Anti-Terrorist Financing consulting firm, brings together delegates from an array of industries affected by Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), including banking, insurance, and money services businesses (MSBs). This year’s agenda focuses on recent enhancements to Bill C-25, which impose new risk assessment and Politically Exposed Foreign Persons (PEFPs) screening requirements, and increase the scope of entities required to comply. |
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During his presentation, titled “Managing PEFPs: Lessons Learned So Far,” Mr. Dickman will discuss key challenges associated with PEFP screening and the role that various lists and technology play in reducing organizational risk. |
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“The expanded screening requirements of Bill C-25 represent a substantial operational and administrative burden for many of the affected Canadian firms,” Mr. Dickman said. “I look forward to joining the other speakers in sharing our experiences and insights to help these firms understand just what these requirements mean to their organization. FinScan has participated in this conference in the past and we’ve found it to be a valuable source of concise information on regulatory issues, best practices and technological advances.” |
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Recognizing the unique demands of Bill C-25’s PEFP screening requirements, ISI created a FinScan solution tailored specifically to the needs of Canadian financial, insurance and money services organizations. In addition, ISI recently opened a data center in Mississauga, Ontario, Canada, to enable Canadian clients to employ hosted screening without violating Canada’s strict guidelines against sending customer data out or the country. |
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About FinScan
As the compliance business division of Innovative Systems, Inc., (ISI), FinScan protects organisations against non-compliance with the world-class data quality and data matching capabilities that are the cornerstone of all ISI products and services.
FinScan helps financial services organisations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed, hosted, or transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for our clients. The FinScan Web site is located at www.finscan.com.
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About Innovative Systems, Inc. (ISI)
Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's data quality, data management, and compliance solutions include the i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ a CASS-certified address verification solution; Synchronos™, a master data management solution for enterprise customer data, and FinScan for compliance list, sanctions and PEP screening. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of applications in more than 30 countries. Innovative Systems is headquartered in Pittsburgh, Pennsylvania, site of the 2009 G20 summit, with European offices in London, and representative offices in Brazil, Mexico, Netherlands, South Africa, and the Middle East. The Innovative Web site is located at www.innovativesystems.com. |
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Company Press Contact:
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics PostLocate, Synchronos and FinScan are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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