Anti-Money Laundering Solutions

Accuity’s Anti-Money Laundering Solutions provide customer filtering, account screening and transaction monitoring options to facilitate AML risk management and suspicious activity reporting as well as meet regulatory and enhanced due diligence requirements.

The risks of inadvertently enabling illegal activity are too great to use AML solutions that are anything but the best. Non-compliance with many regulations — even by mistake — can result in fines for each incident and irreparable damage to an institution’s reputation.

With Accuity, your organization is protected against the financial loss and reputational damage non-compliance or fraudulent activity such as criminal enterprise, terrorist financing, tax evasion and other unlawful actions bring.

Built with your needs in mind, our Anti-Money Laundering Solutions provide the structure your processes require enabling your organization to:

• Enhance due diligence efforts
• Improve AML, CTF, KYC and KYE practices
• Reduce research and processing time
• Customize filtering and processing reporting options
• Conduct thorough investigations of suspicious activity
• Comply with the 3rd EU Money Laundering Directive, Bank Secrecy Act and USA PATRIOT Act as well as other requirements and best practice initiatives

Accuity’s Anti-Money Laundering Solutions allow you to screen, report and monitor your records, transactions and customers in accordance with the mandates set forth by regulatory agencies in order to identify and even interdict those individuals, organizations and other entities that pose a risk to your business:

• Currency Reporting Control (CRC) System^® —Accuity’s CRC System centralizes and automates data collection for all cash transactions allowing users to monitor transactions for BSA currency transaction reports.
• FACS^® PC and iFACS—Endorsed by the American Bankers Association, FACS PC and the Internet-based iFACS are two of the world’s most comprehensive search engines for regulatory and enhanced due diligence compliance. Both easy-to-use search and retrieval look-up tools are delivered with Accuity’s industry-leading Enhanced OFAC List pre-installed. Conducting interdiction research through FACS PC and iFACS provides a sturdy framework for compliance with a number of government regulations.
• FACScreen—This Accuity-provided service utilizes FACFilter software to screen and audit customer and account files against Accuity’s Global WatchList^® database. The database contains thousands of records for individuals, companies, financial institutions, vessels, government officials, countries and principal cities from dozens of domestic and international identification lists. Incorporating FACScreen into customer due diligence and compliance operations reduces the risk of violating domestic and international regulations and saves the time and money associated with in-house screening.
• Online Compliance—Accuity’s Online Compliance, powered by WorldCompliance, is an online look-up tool for identifying and researching Politically Exposed Persons (PEPs) and other sanctioned or high-risk entities. Each record details information such as name, aliases, date of birth, place of birth, photographs, positions, family members, associates and company holdings. When available, records are also notated with precise source links to simplify any further due diligence verification, which might be necessary.
• PEPScreen—This Accuity-provided service screens customer information files using our Politically Exposed Persons (PEPs) Due Diligence Database, powered by WorldCompliance, to identify PEPs and comply with the USA PATRIOT Act, EU 3rd Anti-Money Laundering Directive and FATF Recommendations. Incorporating PEPScreen into your compliance program helps protect your organization against great loss and unintentional participation in illegal activities such as money laundering and terrorist financing.
• Suspicious Activity Reporting Control (SARC) System—Accuity’s SARC System is an automated batch submission solution that allows users to enter their Suspicious Activity Reports (SARs) into a centralized database and then upload them to the Bank Secrecy Act (BSA) E-Filing System using the government-approved format.
• Wire Transfer Control (WTC) System^®—Accuity’s WTC System is an automated record keeping solution that accepts import files of incoming and outgoing FedLine or FedAdvantage files and files them according to BSA standards.
• 314(a) Compliance Solution by Accuity—This cost-efficient service helps research entities included in Financial Crimes Enforcement Network (FinCEN) subject information requests (SIRs) and automate their production as specified in Section 314(a) of the USA PATRIOT Act.
• 326 Compliance Solution by Accuity—Utilizing the power of Experian’s Authentication Services capabilities, 326 Compliance Solution by Accuity seamlessly integrates with any existing system providing only the most relevant customer identification information needed for compliance to abide by Section 326 of the USA PATRIOT Act.