FI Tech: Bankers Almanac adds online document verification

The new "Manage My Documents" feature allows providers of the documents to review, confirm or supply replacements online into the Due Diligence Repository. Bankers Almanac says that the service increases the speed at which compliance personnel at banks can update their own documents in the Due Diligence Repository.

The Due Diligence Repository was launched by Bankers Almanac in 2004, in association with the Wolfsberg Group. It includes the primary information required to conduct due diligence checks on bank counterparties. It includes copies of banks' key documents including licences, articles of association, anti-money laundering controls, USA PATRIOT Act Certification, annual reports and the Wolfsberg Group Anti-Money Laundering Questionnaire.