SimpleOFAC Suite™ User Guide
To fight money-laundering and terrorist financing activities, national and international government regulatory agencies have been reinforcing their regulations on illegal trafficking. Thus general transaction screening compliance and customer monitoring have become the major concerns for financial institutions.
SimpleOFAC Suite™ Compliance software is a simple, one-stop enterprise solution to meet the demanding compliance regulations by eliminating the risks of processing illegal transactions and detecting high-risk customers
SimpleOFAC Suite™ OFAC Compliance consists of following three components
| 1 |
List Management Manage sanction list. It supports list upload, includes OFAC SDN List, Canada OFSI List etc. |
| 2 |
Filter Management Manage filter engines. Filter engine scans text/message against the sanction list, gives alert or no alert result. |
| 3 |
Alert Management The alert result can be loaded into alert review system for review. It has build-in algorithm to detect duplicated text/message |