Date published: 01.09.08 - not release date

Complinet Launches First Free Global Online Networking Community for Compliance Professionals in Financial Services

- First dedicated online global community for compliance professionals will enable peer group information exchange and best practice exposure to provide clarity to new and opaque regulation -

London, UK, New York, NY and Dubai, UAE — October 29, 2007 — The world’s first online networking community for compliance executives was launched today by Complinet, the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals. MyComplinet is a single online platform where compliance practitioners in the financial services industry can connect and network with each other, seek answers to compliance-related questions, and access up-to-date information and analysis.

Complinet has created the MyComplinet community to address a growing need among compliance professionals to connect regularly and securely with their peers in other organisations nationally and globally.

Julie Garvin, Director of Customer Programs at Complinet, said: “The move away from prescription towards principles-based regulation has created an atmosphere of uncertainty that is spurring demand for more cross-industry discussion, guidance and access to information about compliance best practice. As a trusted provider of compliance intelligence to 1,200 regulated entities in 81 countries, Complinet is already a focal point for the global compliance community. It is a logical next step for us to help members of that community to connect more easily with each other.”

“We expect to sign up 100,000 new community members in the 1st three years,” she added.

Membership of MyComplinet is free to anyone working in compliance in the financial services industry. It provides access to a comprehensive set of online networking and information services, including:

Message Board: A discussion board where MyComplinet members can post questions, contribute to discussion topics and network with their peers nationally and internationally.

Newsfeed: Regulatory and compliance news from around the globe, including analysis and comment from Complinet’s in-house team of compliance experts and selected third-party specialists. The newsfeed provides MyComplinet members with a single source of information on current and future regulatory developments in their chosen areas of interest. Members can also access selected content from Informer, Complinet’s quarterly customer publication. Members who aren't Complinet customers have the option to upgrade to receive premium content.

Downloads: Access to Complinet’s library of white papers, podcasts and webcasts on major compliance issues.

Gatherings: Details of forthcoming Complinet events in financial centres worldwide.

e-Learning: Details of Complinet's online training courses.

Recruitment: Access to Complinet’s continually updated international database of compliance job vacancies.

MyComplinet members who are also Complinet customers can access their existing services from the MyComplinet site. Members who aren't Complinet customers have the option to upgrade to one or more of Complinet’s three paid-for services: Regulatory Insight, Policy Manager and Global Screening.

Membership of MyComplinet will remain free in perpetuity. Complinet is committed to adding new tools and features that will help the compliance community to connect, network, share insights and information, and access specialist intelligence.

Compliance industry professionals can sign up for MyComplinet at http://www.complinet.com/community

About Complinet

Complinet is the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals within the highly regulated global financial services community. Complinet enables customers to minimise their exposure to risk by providing the information and technology they need to track and connect live external events, such as regulatory or sanction changes, with internal policy management and screening activities.

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

In August 2007, Financial News named Complinet as one of the 21 technology companies most likely to shape the future of the financial services industry.

www.complinet.com

Sally Forge
Prompt Communications Ltd
Tel: +44 208 996 1650
Email: sforge@prompt-communications.com