Thomson Reuters Corporation : Thomson Reuters And Chartwell Compliance To Offer Compliance Solutions To Small And Mid-Market US Financial Services Providers LONDON, 21 February, 2013 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it has entered into an alliance partner agreement with Chartwell Compliance, a Washington-based provider of consulting, testing and outsourcing services in the areas of regulatory compliance, financial crimes prevention, and enterprise risk management. While regulatory requirements continue to grow, compliance teams are showing signs of resource constraints limiting their ability to perform vital compliance functions. A recent survey by Thomson Reuters showed that more than a third of compliance professionals say they spend more than an entire working day each week in simply staying up to date with regulatory changes and assessing their impact on the business. Firms must increasingly leverage the latest technology to optimize their compliance capabilities and reduce the cost and time associated with compliance processes. This partnership alliance will bring together Chartwell Compliance's expertise in consulting, testing and outsourcing for small and mid-market bank and non-bank financial service providers in the U.S. with the audit, risk management and compliance-related software available via the Thomson Reuters Accelus suite of products. "This alliance combines globally reaching governance, risk management and compliance technology assets and delivery with leading human capital solutions, localized best practices and market awareness," said Michael C.A. Dempsey, global head of alliances, Thomson Reuters. "It demonstrates our commitment to bringing leading compliance and integrated GRC solutions to the global community as well as serving segments of the market where the ability to leverage technology and domain expertise are crucial in helping them tackle an increasingly complex regulatory environment." "Chartwell Compliance looks forward to providing its diverse and affordable range of professional services to help financial institutions, payments processors, money services businesses and other financial services provides survive and thrive in the wake of the financial crisis and strict post 9/11 anti-money laundering environment," said Daniel A. Weiss, president & CEO, Chartwell Compliance. "We are honoured to partner with one of the industry's best-known providers of governance, risk and compliance content and solutions." Through the Thomson Reuters Accelus suite of solutions, the Governance, Risk and Compliance business dynamically connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk. Thomson Reuters Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to: http://thomsonreuters.com Chartwell Compliance Chartwell Compliance provides consulting, testing and outsourcing services to banks, money services businesses and other non-bank financial services providers. We are former senior law enforcement officials, bank regulatory agency supervisors and industry practitioners from financial institutions, each of us averaging a quarter century of prior experience. Our expertise spans financial crimes and fraud, BSA/AML, OFAC, fraud prevention, consumer compliance, enterprise risk management, safety and soundness and state MSB licensing. Our technical publication, ChartwellCompass, is distributed to nearly 45,000 people. We offer our HelpDesk product as an all-purpose, inexpensive compliance assistant to financial institutions throughout the year. Chartwell is also the administrator of ICBA Compliance and Risk Management. For more information, visit www.chartwellcompliance.com. CONTACTS For Thomson Reuters Alan Duerden PR Director, GRC & Marketplaces +44 20 7542 0561 +44 7825282483 firstname.lastname@example.org For Chartwell Daniel Weiss President & CEO +1 202 255 7873 email@example.com ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Thomson Reuters Corporation via Thomson Reuters ONE HUG#1679042
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Thomson Reuters Corporation : Thomson Reuters And Chartwell Compliance To Offer Compliance Solutions To Small And Mid-Market US
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