gOFAC®
Eliminate false positives and accelerate compliance processing with automated real-time OFAC screening
Product Benefits
- Use proprietary matching logic to eliminate false negatives
- Prevent false matches by accounting for variations in name spelling and order and by cross-referencing name records with date of birth and address information.
- Access regulatory sanctions lists
- Access more than 50 regulatory and sanction screening lists, including international sources, Politically Exposed Persons, OFAC, and more.
- Automate name screening with up-to-date watch lists
- Eliminate the need for tedious, manual research through automated updating of lists and intelligent search logic that minimizes false positives.
- Ongoing monitoring available
- With gOFAC’s ongoing monitoring feature, GIACT proactively scans OFAC and sanction lists as they are updated and automatically compares them with you customer lists.
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White Papers,
Streamlining KYC: Best Practices in the Collection and Processing of Beneficial Owners
The new FinCEN regulation is changing how financial institutions must collect data on Beneficial Owners of certain legal entity customers. Download this industry guide to learn how you can lower the costs of compliance.
The new FinCEN regulation is changing how financial institutions must collect data on Beneficial Owners of certain legal entity customers. Download this industry guide to learn how you can lower the costs of compliance.
Article,
FinCEN’s Beneficial Ownership Rule Still Causing Headaches for FIs
On May 11, 2018, financial institutions opening new accounts were required to implement greater due diligence on their customers than ever before.
On May 11, 2018, financial institutions opening new accounts were required to implement greater due diligence on their customers than ever before.