Risk Values : Know Your Customer....not just his money rv14.htm

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Know Your Customer :
Not Just His Money

Risk Values welcomes approaches from software houses with established customer bases in relevant financial services businesses and professional practices.

Risk Values offers considerable added value to software developers with the appropriate focus.

Developers of counter-money laundering software, transaction monitoring software, customer relationship management programs and practice management / billing / accounting software are invited to write to

The Business Development Director
Risk Values Limited
P O Box 1882
Brentwood
Essex CM15 0GA
England

or e-mail Business Development Enquiry

Dear Developer
Although some have denied it, the majority of UK law and accountancy firms have been subject to the Money Laundering Regulations 1993 since 1 April 1994. With the advent of the FSA many firms are subject to a far more stringent regime than previously. And as the Law Society increases its regulatory regime to a comparable level, there will be an increasing demand for computerised records of client matters and transactions, some of which will have to be kept for many years more than the previously accepted norm of six or seven years.
Under the USA PATRIOT Act 2001, greater duties are to be put onto a wide range of businesses - not only those usually associated with the financial services industry.
Pending legislation in Australia and New Zealand will enlarge the previous duties on many professional practices.
Yet these are just four of over 100 countries that have amended or plan to amend counter-money laundering laws since September 2001.
The move towards demanding a wide range of professionals to obtain and store information about their clients is driven by international bodies such as the Financial Action Task Force and the EU and will affect all countries that wish to have financial transaction relationships with financial services businesses in member countries.
Into this mix is the need to be able to identify suspicious transactions and the cost of transaction analysis software is far too great for the vast majority of professional practices firms.
With this and other issues in mind, such as the problems in identifying those who may fund terrorism, we have developed Risk Values' RV1.
RV1 can be incorporated into existing data capture programs and reporting systems or run as a stand alone module.
Please take a look at the comprehensive information available at www.riskvalues.com.
If you think that the incorporation of RV1 into your products would add value, we would like to talk to you.
I look forward to hearing from your product development director.
Regards
Nigel Morris-Cotterill
Risk Values Limited
t: +44 (0) 701 0701 129