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Complinet: New Vessel Compliance Screening Service Protects Firms from Chartering Sanctioned Vessels Complinet provides shipping firms with an integrated sanction and enforcement compliance solution

NEW YORK, May 10, 2010 (BUSINESS WIRE) -- Complinet, the leading provider of connected risk and compliance solutions, today announced the release of vessel data within its Global Screening product suite. Clients can quickly screen a vessel's key information such as IMO number, group beneficial owner and current or previous names against over 147 global sanction and enforcement bodies to protect themselves against fraud, and potentially hefty fines.

"One of the key challenges in today's highly competitive shipping market is to ensure that vessels and their owners are not on any global sanction or enforcement lists. With vessel names regularly changing, and their ownership often hidden behind multiple layers of ownership, this is not a simple or straightforward task." said Chris Pilling, founder and CEO of Complinet. "By integrating vessel data with our industry leading Global Screening suite we are allowing firms to fix and nominate vessels based on all the relevant facts." Once a vessel has been screened and approved, ensuring that it remains that way is critical. Using Complinet's screening solution; the vessel data is saved and re-checked every night. This removes the burden of manually re-checking the vessels status while it is in transit to its destination.

Pilling concluded "For total peace of mind, we even include a full audit trail of all tasks that have been completed within the solution, so that if the regulator visits, there is a complete record of the firms due diligence procedures. This ensures full-compliance and reduces the risk for all our clients." For more information on our vessel data: www.complinet.com/connected/solutions/global-screening/vessel-data/ About Complinet Complinet is the leading online provider of connected risk and compliance solutions to the global financial services community.

Complinet's cost-effective range of services includes a 'complete' service that delivers insight and interpretation of regulatory risks and developments. Our portfolio also helps firms to screen their clients, manage their policies and train their staff.

Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London, Sydney, Singapore and Dubai. Every day, industry professionals in more than 1,900 firms across 81 countries rely on Complinet as their information partner for ongoing analysis and solutions that help them keep pace with changing regulations.

SOURCE: Complinet CONTACT: Complinet Michelle McCann Tel: +44-(0)870-042-6400 pr@complinet.com Copyright Business Wire 2010 -0- KEYWORD: United Arab Emirates

United States

North America

Middle East

New York INDUSTRY KEYWORD: Technology

Data Management

Transport

Maritime SUBJECT CODE: Product/Service