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Validis and The Institute of Certified Bookkeepers aid compliance with the Money Laundering Regulations 2007

Thursday, July 10th, 2008

Validis, the award-winning, web-based, automated accounts review service, is pleased to announce a partnership with The Institute of Certified Bookkeepers (ICB) in order to support Institute members in complying with the new Money Laundering Regulations 2007, which came into force on 15th December 2007.

The ICB will provide its members with Validis allowing them to review and validate their accounting data automatically, against industry standard accounting rules. By managing and maintaining company accounts with Validis, ICB members can be more confident that their data is accurate and robust, assisting them in compliance with the Money Laundering Regulations. The ICB will use Validis as part of an effective means of monitoring its members and ensuring that the highest standards are upheld. Validis will also be integrated into the Institute’s Continuing Professional Development (CPD) and examination programmes.

Garry Carter, Chief Executive of The Institute of Certified Bookkeepers said:

“With the ever increasing level of fiscal complexity and legislation, particularly around areas such as money laundering and the proceeds of crime, it is even more important that those reviewing accountants attain membership and accreditation from a professional body such as ours that can provide guidance and on-going support. This partnership with Validis ensures that we will provide our members with the tools to meet the challenges they face, as well as ensure that they continually achieve the very highest standards.’’

Chris Poll, CEO Future Route, added:

“We are delighted to welcome The Institute of Certified Bookkeepers as a valued partner of Validis. We see The ICB as playing an important and ever increasing role in educating the next generation of bookkeeping professionals. The ICB has consistently striven to promote best practice and innovation within this ever changing industry and we see this partnership as an extension of this commitment. We are very proud indeed to be partnering with The ICB and look forward to working with them and their members to ensure they continue to be at the forefront of the profession”.’

ENDS

 

About The Institute of Certified Bookkeepers:

The Institute of Certified Bookkeepers was established to provide a series of professional qualifications that reflects the needs of business and the aspirations of people wanting to enter the profession. It exists to represent bookkeepers at all levels and to promote the professionalism of bookkeepers to business, government and the general public. Members of the Institute provide accounting services to small and medium-sized enterprises and support the work of Chartered Accountants.

The Institute has more than 250,000 students and members spread across more than fifty countries, making it the largest bookkeeping institute in the world. HM Treasury appointed the Institute as a Supervisory Authority in 2007 under the Money Laundering Regulations. Under the regulations, all persons or firms offering accounting services are required to be registered with a supervisory authority.

For more information please visit www.icbglobal.org

 

About Validis™:

Validis™, created and brought to market by Future Route, is a revolutionary 'Software as a Service' ('SaaS'), on-demand, data checking service for financial accounts. By using a combination of business intelligence and advanced data algorithms to streamline error-checking by applying rules and analytics to every transaction, Validis provides its users with a simple, automated way of validating 100% of their accounts data in a matter of seconds.

It identifies errors; spots anomalies; highlights suspicious transactions; analyses business trends; compares data against internal and external accounting rules; and generates powerful management reports in seconds. This means users can maintain their accounts efficiently and publish them with total confidence. With virtually no training required, Validis provides its users with a fast, efficient and cost effective way of checking the accuracy and completeness of their underlying accounting data.

In order to see what impressed the judges and how you can benefit, please visit www.validis.com.

 

About Future Route Ltd:

Future Route Ltd specialises in the development of very sophisticated technology products that focus on producing highly complex data analysis software using proprietary algorithms and making it available for various mass markets.

Future Route has filed a number of global patents in the use of artificial intelligence, inductive logic programming and information theory to solve a range of information based business issues. The company is backed by a group of experienced and influential city investors.

The Company has recently formed a strategic alliance with Mamut, a leading European provider of complete, integrated software solutions and internet services for small and medium enterprises (SMEs), which will see all Mamut customers throughout Europe provided with access to Validis, its flagship product.

Further information on Future Route Ltd can be found at www.future-route.com.

 

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