TrustQuay, has today announced a partnership with RiskScreen to provide a fully automated anti-money laundering (AML) and market-leading sanctions screening function for corporate services, trust and alternative fund administration providers.

As one of TrustQuay’s selected best-of-breed ecosystem partners, TrustQuay customers will able to perform risk-based client screening in bulk, accessing RiskScreen’s data sources from Dow Jones and Refinitiv World-Check, via off-the-shelf integration with TrustQuay’s systems.

Keith Hale, Executive Chairman of TrustQuay, comments: “Our research has shown that corporate services, trust and alternative fund administrators see anti-money laundering and sanctions screening checks as the most time-consuming regulatory burden. Our partnership with RiskScreen will allow providers to take a proactive risk-based approach to both anti-money laundering and sanction screening, saving time and money while reducing regulatory risk.”


Stephen Platt, RiskScreen CEO and founder adds: “Relying on under-resourced and outdated manual processes can leave providers of corporate, trust and fund services vulnerable to money laundering and sanction breaches. We are therefore delighted to partner with TrustQuay to introduce an efficient and effective technology solution to help providers keep pace in this fast-moving environment.”


About the Author

Simon Witkiss

Simon is Global Head of Product and Marketing at TrustQuay