Thomson Reuters Corporation : Thomson Reuters And Chartwell Compliance To
Offer Compliance Solutions To Small And Mid-Market US Financial Services
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
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 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:
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.
For Thomson Reuters
PR Director, GRC & Marketplaces
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This announcement is distributed by Thomson Reuters on behalf of Thomson
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information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
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