| References
OFAC Filter : more than 50 banks in 10 countries are OFAC Filter customers |
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| Compliance
Control OFAC
agent | | |
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Anti-Money-
Laundering Filtering
How can banks avoid the processing of suspicious transactions
linked to Money Laundering, Terrorism or Corruption?
The OFAC-agent proposed by Sterci
can filter in a real time transaction against
any black or watch lists. This is the most efficient tool
for Anti-Money-Laundering. More than 50 references worldwide
from banks local branches to centralized hubs of worldwide
organizations. Sterci can integrate the OFAC-agent product
in Stelink or in Swift Alliance Access. |
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New
Challenge for Anti Money Laundering
US
and European regulations are reinforcing since the 11th of
September terrorism attack. Financial institutions must have
a better control of their risks of potential in anti-money-laundering.
A lot of new guidelines and regulation are to be applied from
OFAC, GAFI, European Council, and local government authorities.
Global messaging screening compliance has become a major concern
for banks. |  |
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| OFAC
Agent Overview
OFAC-filter
from Fircosoft is designed to automatically block OFAC-listed
parties. The product accepts as input any message structure
(payment, securities, letters of credit, telex, etc.)
and determines, in milliseconds, if there are names, companies,
vessels, addresses or banking codes that match the OFAC list
containing names to be detected. OFAC-filter scanning technology
is geared at minimizing the so-called false-positive rate.
The OFAC list can be enriched with your company list or with
third party lists. The hit messages are inserted into a queue
for the bank compliance officer decision. |
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Partner 
OFAC-Agent is a product
from Fircosoft
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OFAC
Agent benefits
- Highly
reducing the risk of processing an undesirable transaction.
- Advanced
scanning technology (misspellings errors, abbreviations,
acronyms, initials, wrong order, foreign translation, compound
words)
- Protection
against government sanctions.
- Avoiding
embarring publicity.
- Fully
integrated with SWIFT Alliance and Stelink
- Low
operating and maintenance costs.
- Portability
on various operating systems.
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For
more info, news and regulatory information
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