FOR IMMEDIATE RELEASE
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09 Oct 2013, London –– CounterpartyLink has been chosen by Oddo Asset Management, one of France’s leading Asset Managers, for the provision of legal entity data and supporting services. CounterpartyLink will assist Oddo Asset Managementin supplying validated and auditable legal entity information that is critical for KYC and screening processes, as required by national and international regulation.
Financial institutions across the globe are constantly improving and adapting their operational processes to meet increasingly stringent regulation and achieve new levels of accuracy, efficiency and compliance within KYC processes, including EMIR and the 4th European Directive.
Tanguy Gossein, Oddo Asset Management’sCompliance Director and MLRO, said: “Asset Managers have a constant requirement to ensure the accuracy and completeness of Legal Entity data to support the continual improvement of our compliance processes – in line with the industry requirements. We chose CounterpartyLink not only because they have demonstrated that their data is accurate, comprehensive and validated, with the coverage that we need, but also because of their flexibility and willingness to work with us to satisfy our requirements.”
James Redfern, Managing Director of CounterpartyLink, said: “We are delighted to have been selected by Oddo Asset Management and have already demonstrated, in the work we have done with them to date, the benefits of using CounterpartyLink, which not only helps to meet their immediate data management requirements but, importantly, in providing the basis of a continuously validated information, providing a complete audit trail to the primary sources. This will benefit their proactive approach in maintaining legal entity data for compliance and business purposes. We look forward to continuing to help them as part of their data management strategy for some time to come.”
John Norris / Alla Lapidus
Email: email@example.com / firstname.lastname@example.org
Tel: +44 (0) 20 7250 4770
About CounterpartyLink Ltd.
CounterpartyLink is a leading provider of timely, accurate and auditable legal entity data. Our products and services are used by our financial service customers to help meet their client on-boarding and account maintenance needs. The needs are driven by KYC/AML, FATCA, EU Money-Laundering Directives, PEP screening, Transaction Reporting, Dodd Frank compliance, and other regulations.
We provide validated entity names, registration details, addresses, beneficial ownership structures to 10%, industry codes, regulatory information, director/officer details, LEIs, tax IDs, FRNs, SWIFT BIC codes and much more, all backed up with evidence from over 1,000 Primary sources from all over the world.
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FOR IMMEDIATE RELEASE