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FinScan and World-Check Featured Presenters
at ACAMS High-Risk Screening Webinar
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Industry Leaders to Discuss Software Strategies for Limiting False Positives |
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Pittsburgh, PA – June 3, 2009 – FinScan, a leading provider of sanctions list, PEP and heightened-risk screening solutions for the financial services industry, today announced that it will partner with World-Check, the industry-leader in heightened-risk data for Know Your Customer (KYC) and PEP intelligence, to discuss software screening methodologies to help reduce the incidence of false positives during the free webinar “The Balancing Act: Learn to Limit False Positives while Screening for High-Risk Customers.” The webinar, hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS), will be Tuesday, June 9, from 12:00 pm to 1:00 pm ET. |
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“Controlling false positives, which are suspect matches that are ultimately determined not to be true matches, presents a major challenge to many organizations trying to ensure compliance with the U.S. Bank Secrecy Act, USA PATRIOT Act and other U.S. and international customer screening regulations,” said Murray Dickman, FinScan COO. “When screening against sanctions, PEP and other high risk databases and lists, every suspect “hit” requires individual review and investigation to determine whether or not it is a true match. This review process can become quite time-consuming and expensive. Organizations want to make sure they match closely enough that they don’t let a true match slip by, but they also don’t want to create unnecessary false positives that waste reviewer time and drive up costs.” |
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According to Mr. Dickman, webinar attendees will learn how to develop an approach that helps ensure that they won’t miss important matches while they learn to limit the number of false positives to review. |
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ACAMS is hosting this free webinar as part of its mission to advance the knowledge, skills and experience of professionals dedicated to the detection and prevention of money laundering around the world. The organization helps financial institutions and related businesses train, identify and locate practitioners who specialize in money laundering control policies, procedures and regulations. |
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Interested parties can register for this free webinar at www.acams.org |
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About FinScan
FinScan helps financial services organizations 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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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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