Virtus Trust Drives Efficiency in Anti-Money Laundering with RDC
Wider global coverage, productivity boosting analyst services, and decision-ready due diligence from RDC bolster Virtus Trust Group’s compliance programme.
London, and New York, NY, July 16, 2014 – RDC, the diligence technology company, today announced that it has been selected by Virtus Trust, a leading independent Guernsey-based international fiduciary business, to further strengthen its Anti-Money Laundering (AML) compliance programme. Virtus Trust has subscribed to a range of products and services to automate client screening, and improve its ability to detect and mitigate regulatory and reputational risk.
Founded in 2005, Virtus Trust offers private and corporate trust services and company administration in a number of jurisdictions globally. RDC’s Global Regulatory Information Database (GRID™), which provides broad and deep global coverage of high-risk individuals and entities, is being used by Virtus Trust for client screening, along with RDC analyst services for first round alert clearing. Decision-ready due diligence reports are then delivered to Virtus Trust.
“We pride ourselves in providing the highest standards of client interaction while maintaining equally high standards in our AML compliance,” said Nicholas Moss, co- founding director of Virtus Trust. “After researching the market we identified that RDC could allow us to achieve both of these goals by providing us with deeper insight into potential risks in our relationships in a format that drives efficiency in improving client onboarding and ongoing risk management.”
“Increasingly onerous AML and Know Your Customer (KYC) requirements have left many offshore firms struggling to maintain their levels of regulatory compliance and customer satisfaction,” said Rupert de Ruig, Managing Director, EMEA & APAC at RDC. “Our configurable platform combining risk intelligence, sophisticated filtering technology and analyst services simultaneously reduces the compliance burden while improving protection, and we are pleased to welcome Virtus Trust onboard as our first customer in Guernsey.”
RDC is the trusted partner for your global financial crime diligence needs. Our agile platform combines comprehensive data, sophisticated technology and compliance analysts, providing precise risk alerts and ongoing monitoring for enhanced protection and performance. Fortune 100 companies rely on RDC’s expertise for improved Anti-Money Laundering (AML), Know Your Customer (KYC), Anti-Bribery & Corruption compliance. Find out more: www.rdc.com