Tag Archives: Anti-Money Laundering

Anti-Money Laundering

Apex Signs up to Tracesmart’s Online Debtor Tracing Facility

Tracesmart Corporate has been appointed by Apex Credit Management to provide their proprietary data cleansing and online tracing services. The intuitive web based tracing system offers a single source solution, which permits the rapid and confident tracing of gone aways and absconded debtors. The facility will provide Apex with the means to conduct their tracing activities, both efficiently and ethically.

Apex Credit Management is a rapidly growing credit management provider. Headquartered in Stratford-Upon-Avon, the business is focused exclusively upon providing debt management services to the financial services sector; notably early arrears outsourcing, debt collection, debt purchase and tracing services. The company was established in 2000 as a specialist UK based consumer debt collection agency.

Apex recently created a new division, Apex Discovery Solutions, which provides dedicated tracing solutions to the financial services sector. Based in West Malling, Kent, the new enterprise boasts a large team of tracers to fulfil the recent uptake in demand from this sector. Head of Trace is Jamie McGrath, who with over twenty years of experience in the debt recovery and debt purchase sectors has extensive knowledge of tracing and compliance. Commenting on the company’s new partnership with Tracesmart, McGrath remarked, “Forging an alliance with Tracesmart enables us to broaden our data cleansing and tracing services across our client base, which will assist us in our goal of becoming a data led, ethical and compliant trace provider.”

Tracesmart is one of the UK’s leading data specialists, providing debtor tracing and consumer data services to a vast number of the country’s credit management companies. In addition to people tracing, the company also offer identity checks and anti-money laundering services to a varying and growing legion of businesses and industries.

Commenting on the new partnership, Chris Rothwell, Tracesmart’s Sales Director remarked, “We are delighted that Jamie and his recently established Apex division have chosen Tracesmart for their tracing and data solutions. Our debtor tracing facility is industry leading; we are confident we can provide increased productivity and efficiencies to any credit management organisation. We look forward to providing a first-rate and cost-effective service to our new partner, Apex.”

Via EPR Network
Financial press releases

Identity Checks Supplier Continues To Expand

Leading suppliers of identity checks and anti-money laundering services, Tracesmart, are to expand their workforce which will help manage the increasing demand for their services. The expansion will specifically involve the administration, sales and IT teams.

Identity Checks Supplier Continues To Expand

Tracesmart is currently active in a number of industries however the key B2B markets in which it operates include pensions and debt collection. Both these sectors use the company’s data cleansing and consumer location services to trace people in order to re-establish contact. The pensions industry further utilises Tracesmart’s Existence suite of services which can be used to identify scheme members who have relocated or are deceased, this helps pension schemes better manage their member payments, and protect themselves and their members against fraud.

Demand for Tracesmart Corporate services has already prompted the company to recruit seven new members of staff over recent months. They now plan to recruit a further eight to strengthen their numbers and continue their expansion within their core and new commercial arenas. Tracesmart’s employee levels will soon total sixty, and the company headquarters still has capacity for further growth as their Business Support Manager, Rebecca Westlake, commented,

“We recently completed the refurbishment of our newly expanded Cardiff head office. In line with our expansion plans, the improvements have allowed us to develop and deploy individual teams efficiently and effectively to optimise our work environment.”

With close ties to both his front line staff and the company’s major clients, Tracesmart’s Managing Director, Mike Trezise, is fully aware of how and when the company will continue to expand. Commenting on his company’s development Trezise stated,

“We continue to reap the rewards of our ongoing marketing and sales campaigns within our core sectors. Demand has further led us to increase our staff to meet current and new client needs. We will continue to ensure our clients receive the best possible service and I’m confident that we’ll experience sustained growth in 2010.”

About Tracesmart:
Established in 1999, Tracesmart Ltd is a leading provider of consumer intelligence services. It specialises in the provision of data cleansing, consumer tracing and identity verification.

Via EPR Network
Financial press releases

Tracing Specialists Set Up Office in the City

Tracesmart Ltd, leading suppliers of people tracing services, electronic identity checks and data cleansing systems, have this week established a new London office in 30 St Mary Axe, widely known as ‘The Gherkin’. The Cardiff based company has procured an office in the City due to an exponential growth in the number of clients based in and around London.

The Gherkin is situated where The Baltic Exchange was previously located and at 180 metres tall is the second tallest building in the City of London. In 2005, following a survey of the world’s largest firms of architects, The Gherkin was voted the most admired new building in the world; this allure and presence in the City were part of the reason Tracesmart chose it as their secondary base of operations as Mike Trezise, Tracesmart’s Managing Director, explained,

“The Gherkin is one of the best known and most revered buildings in London and as such was the ideal choice for our new office. Its location also played a considerable part in our decision to locate there – we currently have a large number of City-based financial clients and having an office in the heart of London’s financial district will enable us to better interact with them and meet their needs.”

The ever growing number of London and South of England clients who employ the company’s Tracesmart Corporate suite of services, was, as Trezise noted, a key factor in the decision to set up a London base. These clients include financial institutions who call upon Tracesmart to locate dormant accounts with unclaimed assets, high profile pension sector companies that utilise the company’s pension tracing services and life assurance companies wishing to conduct existence checks. Commenting on Tracesmart’s prestigious new office Chris Rothwell, Sales Director for Tracesmart, highlighted the role it will play,

“My team and I currently travel across the length and breadth of the UK to meet clients, yet we’ve noticed that more and more were requesting meetings in London; as such the next logical step was to locate an office in the City. Our new office in The Gherkin is a key part of our business development strategy as it will enable us to reinforce our current client relationships and nurture new ones by offering a geographically preferable meeting spot for those in the South East.

Cardiff will remain the headquarters for Tracesmart and we will continue to hold many meetings there. Our current offices are always well received by clients; as well as giving them the opportunity to see the company in action, many people have commented on how pleasant a business environment our offices are with the spectacular views of Cardiff Bay.”

Tracesmart’s new London office is located at:

Floor 28
30 St Mary Axe
London EC3A 8BF
Tel: 020 7469 4204
Fax: 020 7469 4001

About Tracesmart:

  • Tracesmart Limited was formed in 1999 and supplies a diverse range of consumer data cleansing, identity check and tracing tools to a wide variety of industries. Their client base ranges from SME to Blue Chip, who are all recipients of bespoke solutions, built around their specific needs.
  • Mike Trezise is the founder and Managing Director of Tracesmart. With over 25 years tracing and fraud analysis experience, his unrivalled knowledge provides the company with a distinct competitive advantage.
  • Chris Rothwell previously worked in both the financial markets and tracing industry. With a wealth of knowledge and experience, Chris is well placed to head up Tracesmart’s corporate sales team.


Via EPR Network
More Financial press releases

Cardiff Based Suppliers Of Data Cleansing And People Tracing, Tracesmart, Have Launched A New Online Service To Combat Money Laundering

Tracesmart are renowned for their tracing expertise as they currently help reunite unclaimed assets with their rightful owners and offer a variety of pension tracing services. However the company also offers a host of other provisions via its Tracesmart Corporate division, not least of which is their electronic identity verification facility, ID. Identity checks are an essential part of current anti-money laundering (AML) legislation and as such, ID is currently used by a vast range of businesses as part of their AML measures.

Previously, Tracesmart customers using ID, needed to select multiple tabs and verification criteria to conduct an identity check as part of AML procedures. This is no longer the case, as Paul Weathersby, Technical Director for Tracesmart explained, It was noticed by our technical team that to conduct a thorough AML search using ID meant that multiple search tabs had to be utilised and what Tracesmart’s customers really needed was the means by which multiple tabs could quickly be searched simultaneously. As such, we have developed AML – allowing users to swiftly and confidently verify client identity. We have also created an improved interface to make this an easy and straight forward task.

Money laundering is considered to have a massive negative financial impact upon the UK economy and the addition of Tracesmart’s new AML service is another means of combating the problem, fighting those who use the money to fund criminal activities.

Speaking about the new service, Mike Trezise, Managing Director for Tracesmart, added, Our new AML service is further proof of our commitment as a company to product development, improved customer service and most importantly, confirmation of our responsibilities as a data company that we continue to fight any form of identity related crime. We strive to improve our services so that we can protect our customers, and in turn, their customers, f r o m the negative impact of identity fraud.  

    • Tracesmart Ltd was formed in 1999 and supplies a diverse range of consumer data cleansing, identity check and tracing tools to a wide variety of industries. Their client base ranges f r o m SME to blue chip companies; allrecipients of bespoke solutions, built around their specific needs.
    • Paul Weathersby – Tracesmart’s Technical Director, Weathersby is the driving force behind the development and production of Tracesmart’s suite of web-based services, and manages and directs their experienced IT team.
    • Mike Trezise is the founder and Managing Director of Tracesmart. With over 25 years tracing and fraud analysis experience, his unrivalled knowledge provides the company with a distinct competitive advantage.


    Via EPR Network
    More Financial press releases

    J2 Solutions Sign With Tracesmart

    Leading suppliers of debtor tracing and data cleansing services, Tracesmart welcome the award winning J2 Solutions to their continually expanding list of tracing agency clients. J2 Solutions will be utilising the company’s online people tracing system with a view to improving their already high levels of trace success.

    Operating in a variety of industries, J2 Solutions are based in Northwest England and currently employ over 30 highly trained and dedicated telephone tracing agents. The company was established in 2004 by their Managing Director, Gary Jones, who joined the debt collection industry as a doorstep collector at the age of 18, before progressing to generalised investigations and then specialising in telephone tracing.

    Jones was recently appointed to join the board of the Credit Services Association (CSA), the official voice of the UK debt collection industry, following a substantial level of involvement with the organisation and in particular his role as the driving force behind the CSA Tracing Code of Conduct. Commenting on the code of conduct and why his company has opted to use Tracesmart, Jones noted,

    “The debt collection industry has endured more than its fair share of negative press over recent years in regards to ethical debtor tracing. I fully support the CSA’s Tracing Code of Conduct and implore tracers to only conduct debtor tracing exercises using fully legitimate and ethical means. As part of our commitment to ethical tracing, J2 Solutions only utilise appropriate sources of information – one of the reasons we have opted to sign up with Tracesmart. We also hope that in using their system we can continue to improve our trace success rates and further cement our place in the top flight of tracing.”

    J2 Solutions join Tracesmart’s diverse client base, which include the likes of renowned financial institutions who use the company to reunite individuals with unclaimed assets, and solicitors who use their online systems to conduct identity checks as part of compliance measures. Tracing agencies are, however, some of the company’s key clients and Tracesmart helps these organisations to efficiently and ethically trace people; commenting on these core clients Chris Rothwell, Sales Director for Tracesmart noted,

    “Tracesmart has a proven track record with tracing agencies and our services are utilised by a wealth of companies from sole traders right the way through to blue chip. A comprehensive working knowledge of tracers’ needs and continual development of our services, ensure our clients have an effective, reliable and ethical tool to use when conducting positive and negative traces. We fully support the work of Gary Jones and the CSA’s Tracing Code of Conduct, and are now proud to welcome J2 Solutions as a client.”


    J2 Solutions – One of the UK’s leading tracing agencies, J2 solutions deliver professional tracing services to a wide range of sectors including; legal services, private sector, public sector, credit industry and private individuals. In 2008 they won the inaugural “Tracing Agency of the Year” title, at the Credit Today Awards.

    Tracesmart Ltd, Formed in 1999, Tracesmart supplies a diverse range of consumer data cleansing, identity check and people tracing tools to a wide variety of industries. The company’s client base ranges from SME to Blue Chip, who are all recipients of bespoke solutions, built around their specific needs.

    Gary Jones, J2 Solutions Managing Director, Gary is renowned as one of the country’s leading trace specialists. A member of the CSA board, his extensive knowledge played a key role in the development of the CSA’s Tracing Code of Conduct.

    Chris Rothwell, Tracesmart’s Sales Director, Chris previously worked in both the financial markets and tracing industry. With a wealth of knowledge and experience, Chris heads up Tracesmart’s corporate sales team in addition to providing tracing consultancy.

    Via EPR Network
    More Financial press releases

    Quest CE Offers A Solution To New Red Flag Rules And Anti-Money Laundering Training

    Quest CE announced today the release of their new 2009 Anti-Money Laundering and Red Flags online course designed to meet USA Patriot Act requirements. To demo the new course go tohttp://www.questce.com/AML-Course-Demo/Presentation_Files/index.html

    The USA PATRIOT Act requires financial institutions to develop and implement an AML compliance program.

    NASD Rule 3011 outlines minimum standards for broker-dealers’ AML compliance programs. It requires firms to develop and implement a written AML compliance program. The program has to be approved in writing by a member of senior management and be reasonably designed to achieve and monitor the ongoing compliance with the requirements of the Bank Secrecy Act.

    NASD Rule 3011 also requires firms to provide ongoing training for appropriate personnel. This would include training for all representatives engaged in the business of providing financial advice, the sale of financial products or services, or deal in any way with the transfer of financial interests.

    Quest CE offers a complete Anti Money Laundering (AML) solution for organizations of all sizes. Quest’s Anti-Money Laundering (AML) program offers advanced capabilities that other vendors do not offer. In coordination with industry experts, Quest CE’s team of IT and database professionals created a Learning Management System (LMS) to fit the AML reporting, tracking, and training needs of Quest’s clients.

    “The system allows AML program administrators the ability to run real-time reports, upload new users instantly, and send reminder emails to users who haven’t yet completed their training,” said Patrick Torhorst, Vice President of IT for Quest CE.

    In addition to offering this advanced technology in a fully customizable web portal, Quest CE is offering the industry’s lowest available pricing to companies interested in utilizing Quest’s AML program. For as little as $2 per user, firms can have a web portal built to look like their own AML eUniversity complete with full reporting and tracking capabilities, and including Quest CE’s robust library of Anti-Money Laundering (AML) courses.

    Quest CE can also author any firm’s proprietary courses to meet specific training needs.

    About Quest CE
    Over the past 20-plus years, Quest CE has built a reputation of being the premier provider of Compliance Solutions to the financial services industry. In addition to offering CE for professionals holding insurance licenses and professional designations like the CFP, CIMA, CLU/ChFC, and CPA designations, we also provide a complete spectrum of financial compliance training solutions.

    Via EPR Network
    More Financial press releases