FinScan, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has signed UK-based Brickwood Asset Management to support the ongoing screening of issuers held within its funds and their company directors. Brickwood Asset Management is an independent value equities boutique founded by a team from leading UK and international asset managers.
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FinScan helps asset managers screen corporate entities and individuals through a unified platform for real-time and ongoing name screening against global sanctions lists, PEP data, and adverse media. Its advanced, customizable matching technology delivers greater accuracy and explainability while suppressing duplicate and low-value alerts, producing a documented record behind every review.
Claudia Ripley, CEO at Brickwood Asset Management, said: "Screening the issuers we hold against global sanctions is a core regulatory requirement, and ensuring that process is supported by a high-quality screening solution was an important consideration for us. Adverse media screening is a step we chose to take beyond that requirement. FinScan gives us ongoing coverage across both, with a clear audit trail behind every review."
"We're delighted to welcome Brickwood Asset Management as a FinScan customer," said Ben Sher, Chief Revenue Officer of Innovative Systems, Inc. "Asset managers face real scrutiny from allocators and regulators, and Brickwood Asset Management has responded by building best-in-class controls. Adding adverse media screening alongside sanctions, across both their holdings and the directors of those companies, is a considered choice, and one we expect to see more of across the asset management market."