Touchstone (C.I.) Limited has launched two new software products that will help Jersey wealth management companies meet the demands of international anti-money-laundering regulations and further support Jersey’s white list status.

Speaking at the launch of Microsoft Dynamics NAV 2009 in Jersey recently, Steve Farr, Product Solutions Marketing Manager, Microsoft UK said: ‘Of the 2000 plus add on solutions developed by Microsoft Dynamics NAV partners worldwide, Touchstone’s use of the product is one of the most advanced implementations of intellectual property I have seen. At a time when offshore jurisdictions are under increasing pressure from regulatory authorities to adhere to the highest levels of risk monitoring, this technology will significantly enhance wealth managers’ abilities around the world to monitor and report financial irregularities.’

The Scrutiny & Transaction Monitoring and Workflow modules have been in developed by Touchstone over the last eighteen months as part of its fiduciary and funds administration product suite, built on the Microsoft Dynamics NAV platform.

Helen Hatton of Sator Regulatory Consulting and former Deputy General of The Jersey Financial Services Commission, added: ‘Risk and compliance technology plays a key role in recognising the signs of financial irregularities. I shall be interested to see the ways in which technology such as this can provide greater transparency to businesses’.

ENDS

Notes for Editors

From offices in Jersey, Touchstone (C.I.) Limited develops wealth management software specifically for the fiduciary and funds market and services clients in 14 offshore jurisdictions including from the Caribbean Basin to Australasia and the Far East. Touchstone (C.I.) Limited offers a comprehensive suite of integrated applications offering flexible and functionally rich solutions that can be easily tailored to suit. Touchstone (C.I.) Limited is part of Touchstone Group, a software and services company that provides integrated business software and consultancy services to a variety of industries. Touchstone Group is a Microsoft Gold Certified Partner. Microsoft Dynamics NAV is the core technology upon which Touchstone (C.I) Limited software solutions are built.

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