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Our approach to OFAC compliance
Simple OFAC Suite™ is built on the idea that
OFAC compliance tool can be more intuitive, efficient, and useful.
It uses the latest Web 2.0 (AJAX) and innovative indexing and search technology,
providing user friendly interface, high performance and quality.
After all, Simple OFAC Suite™ lets you:
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Manage your sanction List
It supports list upload, includes OFAC SDN List, NS-PLC list, Canada OFSI List and any list you define in XML or CSV format.
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Scan your customer data and transaction
It supports multiple filter engine instances.
Filter engine scans text/message against the sanction list, and gives alert or no alert results.
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Review your scan result (alerts or suspicious hits).
The scan result can be loaded into alert review system for review.
It has a build-in algorithm to detect duplicated text/message.
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Track your data.
All the data changes, either by operator or by automatic process, are stored in the system.
This not only serves as audit purpose, it also can be used to restore the data to any point of past times.
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Test your data quality.
It provides a very handy free text lookup tool
to let you quickly scan any customer data or transaction.
It also can be used as a test tool to test the quality of filter instance and the sanction List.
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Report your Statistics.
It provides comprehensive data analysis on sanction list changes, customer data changes and hit (alert) rates,
Hence it help us with tuning our sanction data and filter to reduce false alerts and save money.
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Customize to match to your business processes.
More than just an OFAC tool, Simple OFAC Suite™ is an extensible platform that you can customize to match to your business processes.
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Enhance your processes and save money.
It will dynamically enhance your Due Diligence processes, Know Your Customer (KYC) practices and save resources and money.
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For more information on Simple OFAC Suite™ ,
please check the overview page.
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WatchList Solution
