Jersey-based technology specialist KYC360 has launched an online anti-money laundering community to provide compliance and AML professionals with a forum for sharing best practice ideas and discussing industry issues.

The online community, which KYC360 says is the world’s first, provides due diligence, regulatory and fraud information and news. Users are also offered two free tools, “Factbook Lite” and “RiskScreen”, the former enabling them to assess risk in different jurisdictions around the world and the latter being a programme that undertakes full web and Office of Foreign Assets Control (OFAC) database searches for individuals.

Users also have the option to upgrade to premium content, which includes an expanded version of “Factbook” and “Enhanced Due Diligence 360” – a customer due diligence research tool.

“In the short time since launch, we have already attracted more than 1,000 users from 50 countries and jurisdictions, with new participants joining the community daily.

“As well as supporting risk and compliance professionals as a leading edge resource, it is envisaged that the forum will also be used in an interactive capacity, a facility to exchange ideas, to share experiences and discuss best practice issues,” said Karl Anderson, managing director of KYC360.

Registration for the site is free at www.kyc360.com.