08 February 2010 News

 

Accuity acquires stake in WorldCompliance

Accuity has acquired a significant minority stake in World Compliance, the Florida-based open source intelligence company.

Accuity has been a certified reseller of WorldCompliance solutions since February 2004 offering the company's Politically Exposed Persons data as part of Global WatchList, Accuity's collection of regulatory and enhanced due diligence lists. With its investment, Accuity should be able to further use WorldCompliance's position. In addition, Accuity's president and chief executive, Hugh Jones, will serve on the WorldCompliance board to help guide future strategic and growth potential.

"WorldCompliance is best known for its innovative solutions. Its quality of data is so pristine and its research so meticulous that WorldCompliance solutions for PEP screening continue to outperform the competition," said Jones. "Accuity's investment will help us to leverage WorldCompliance's expertise even more and, together, offer clients the most comprehensive protection for PEP screening, FCPA compliance and AML and CTF requirements."

"Accuity's core business is its work with data - its compilation, enhancement, standardisation and deployment - so we are very excited about this commitment," said Dirk Mohrmann, chief executive of WorldCompliance. "To have such a well-respected brand as part of our company makes us an even more powerful solution provider."