Politech: FC: Dow Jones releases Know Your Customer, USA Patriot database

[Declan McCullagh <declan () well com>]

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From: "John Cieciel" <uselesseater () msn com>
To: "dec" <declan () well com>
Subject: Press Room - Press Release 4 December 2001
Date: Thu, 26 Sep 2002 10:30:19 -0500

<http://www.factiva.com/investigative/releases/pfa092302.asp?node=press4>http://www.factiva.com/investigative/releases/pfa092302.asp?node=press4 

J. Cieciel


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http://www.factiva.com/investigative/releases/pfa092302.asp?node=press4

Factiva Press Release

Factiva Helps Curb Potential Money Laundering With Factiva Public Figures & 
Associates
Global Index Assists Financial Institutions with "Know Your Customer" 
Obligations, Government Agencies with Statutory Duties
New York (September 23rd, 2002) - Factiva™, a Dow Jones and Reuters 
Company, has today introduced Factiva
Public Figures & Associates, a comprehensive guide to government officials, 
politicians and people of political influence around the world, as well as 
their associates.
Factiva Public Figures & Associates identifies individuals who may require 
enhanced scrutiny due to their political connections, a major focus of 
recent anti-money laundering legislation, including the USA Patriot Act, 
and established benchmarks such as the Customer Due Diligence for Banks 
from the Basel Committee on Banking Supervision. It also includes lists of 
specially designated nationals such as those produced by the US Office of 
Foreign Assets Control and the European Union.
Since its commercial availability in May, subscribers to Factiva Public 
Figures & Associates include UBS AG and a major German bank.
"UBS values Factiva Public Figures & Associates as the leading information 
source on politically exposed persons and an excellent tool for due 
diligence duties," says Michael Alkalay, executive director of the UBS 
Financial Intelligence Unit. "UBS, the largest provider of private banking 
and wealth management services, calls on the best tools for its Compliance 
services," continues Alkalay. "We are impressed by Factiva's product, it is 
very important to our 'know our customer' procedures."
"The focus on relatives and close associates is an important product 
differentiator in this emerging market. No other product offering combines 
the ability to unravel complex webs of personal and political relationships 
with Factiva Public Figures & Associates' breadth of data," says Clare 
Hart, president and CEO of Factiva. "In today's political and economic 
climate, Factiva is pleased to enhance institutions' ability to manage 
regulatory risks and best avoid even the appearance of impropriety."
Factiva Public Figures & Associates reflects the journalistic integrity and 
extensive reporting experience of both Dow Jones and Reuters, drawing from 
the extensive archives of those two global news providers as well as those 
of the nearly 8,000 multilingual sources available through Factiva's 
products and a wealth of local language sources available only in print. 
Unlike other comparable indexes which aggregate third party sources, 
Factiva researches and cross- references information to create the most 
thorough and accurate profile of the political network in each country.
Factiva Public Figures & Associates highlights a much wider range of power 
brokers than other international almanacs, offering an initial database of 
176,000 people entries. This will grow to more than 280,000 entries by 
2003--making it the most accurate, complete and up-to-date information 
available. In addition, Factiva Public Figures & Associates contains 
valuable country profiles, enabling users to place an individual public 
figure within the context of a broader political, economic, and social 
landscape.
"Products such as Factiva Public Figures & Associates are extremely useful 
options for bankers as they deal with the due diligence challenges facing 
them under the USA Patriot Act and other money laundering-related laws," 
notes John J. Byrne, senior counsel & compliance manager, American Bankers 
Association.
Delivered utilizing industry standard XML transmitted via secure link, 
Factiva Public Figures & Associates may be customized and integrated into a 
customer's local intranet or content management system. Once delivered and 
integrated, all searches take place securely behind an institution's 
firewall. Factiva Public Figures & Associates can also be delivered on CD-ROM.
For more information please visit: www.factiva.com/publicfigures.

About Factiva

Factiva, a Dow Jones & Reuters Company, provides world-class global 
content, including Dow Jones and Reuters newswires and The Wall Street 
Journal - unduplicated in a single service elsewhere. Factiva offers the 
only single content solution with multiple language interfaces and 
multilingual content covering nearly 8,000 sources.
Factiva’s products and services help companies integrate news and business 
information into their daily workflow to increase organizational 
intelligence and leverage external and internal content within the 
knowledge management function. Factiva's content management and integration 
services are used by leading organizations around the world.
Built on industry standards and open architecture, Factiva products deliver 
flexible, extensible, customizable solutions to enable easy integration and 
use in the enterprise. Editorial and technical consulting, taxonomy 
application, integration expertise and e-learning programs reflect 
Factiva's innovative approach to delivering solutions beyond the content.
Factiva is one of KM World Magazine's "Top 100 Companies in Knowledge 
Management" and part of eContent Magazine's "Top 100 content companies to 
watch". Factiva is also recognized as a winner of the 2002 Software & 
Information Industry Association's Codie Awards in the Best Online 
Business, Corporate or Professional Information category.
For more information visit: www.factiva.com/press

Media Contacts:

Americas:

Wayne Kessler
Factiva Global Public Relations
Phone: +1 (609) 627-2593
Fax: +1 (609) 627-2310
wayne.kessler () factiva com

Suzanne Clinton
Hill & Knowlton
Phone: +1 (212) 885-0631
Fax: +1 (212) 885-0570
sclinton () hillandknowlton com

United Kingdom:
Mireille Aspin
Hill & Knowlton
Phone: +44 20 7413 3000
maspin () hillandknowlton com

Asia Pacific:
Hong Kong
Ruth Brown
Euan Barty Associates
Phone: +852-2537-8022
ruth () eba com hk

Singapore
Peter Murray
EASTWEST PR
Mobile: (65) 9835 4740
peter () eastwestpr com

Australia
Adam Benson
Recognition PR
Phone: 612-9252-2266
acb () recognition com au




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