26 October 2015, New York & London: Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has today announced the launch of the enhanced Alacra Compliance Messaging Service (ACMS) at the AMLP European Conference. ACMS is an advanced suite of web services that lowers the cost of compliance by helping financial firms develop efficient, effective and fully integrated compliance workflows.

ACMS drives efficiency by automating communication between internal bank systems, third party applications and Alacra Compliance Enterprise (ACE). It allows banks to dramatically accelerate and automate Know Your Customer (KYC) due diligence for initial client onboarding as well as event-driven and periodic reviews. ACMS enables tight integration of Alacra’s compliance case management workflow with a bank’s front-, middle- and back-office systems.

ACE is a SaaS solution that many banks rely on for KYC, client due diligence, onboarding, refresh, remediation and ongoing monitoring. ACE facilitates the gathering of client due diligence documents, beneficial owner information and ID verification, automates news, PEP and sanctions checks to create a single document which contains all the information required to meet regulatory requirements.

“KYC requirements now touch every part of a financial institution,” said Kelvin Dickenson, VP of Compliance Solutions for Alacra. “ACMS facilitates and expedites the communication of critical KYC information to and from relationship managers, trading desks, credit, legal and compliance systems throughout the bank. This helps accomplish three critical objectives–faster time to revenue, improved understanding of risk and better regulatory compliance.”

With ACMS, new client information can be sent directly from a bank’s front-office application to ACE. Once a KYC analyst resolves the case, the decision, supporting data and due diligence report can be passed from ACE to the bank’s account-opening systems. ACMS eliminates the need for repeated data entry, speeds up communication, eradicates errors, accelerates onboarding and improves the client experience.

ACMS can also work independently of ACE to automate simple compliance tasks. For example, in low-risk client onboarding, an initial sanctions search, media screen or PEP screen can be completed with a single request, with the results going directly to the bank system. If potentially adverse information is present further diligence can be initiated, otherwise the client is on boarded without delay.

ACMS offers deployment and configuration options for various levels of integration with a bank’s IT infrastructure. This could be as simple as sending cases to ACE and receiving results, or more complex, allowing a bank to update cases, reassign workload, administer users, synchronize statuses and more. New service requests are created whenever Alacra expands its compliance offerings, ensuring that integration options are available for key compliance modules.

Please visit us at Stand A at the AMLP conference 26-27 October in London

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Alla Lapidus / John Norris

Moonlight Media

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About Alacra

Alacra is a world leader in Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data services for regulatory compliance.  Alacra’s workflow applications enable over 300,000 end users at more than 200 financial institutions, professional service firms and corporations to find, organize, analyze and present mission-critical business information.

With almost 200 unique data sources available to our clients, Alacra has under license the largest collection of premium business information in the world.  This information is configured into solutions that deliver efficient, consistent and thorough processes for client onboarding, client screening, vendor risk management and front office business research.  Through combining licensed and web-based content, Alacra also provides a range of entity reference data solutions that enable our clients to maintain extremely accurate legal entity data and meet global regulatory requirements.

In September 2015 Alacra was acquired by Opus Global, a leading provider of SaaS-based compliance solutions.  For more information, please visit