Compliance Link

In an effort to obtain comprehensive anti-money laundering screening programs, many financial institutions and corporates currently use solutions from multiple vendors. This has lead to segregation of knowledge, elevated costs and confusion between departments and among personnel. Accuity has developed a comprehensive solution that enables organizations to holistically manage AML screening and compliance programs enterprise-wide.

Accuity’s Compliance Link can accept and screen a wide variety of data from numerous sources ranging from financial transactions to customer files, as well as perform one-time look-ups. It is an end-to-end solution that can immediately streamline your workflow and screening processes.

Accuity’s Compliance Link gives you:

• Flexibility: Conduct real-time and batch screening of data against multiple caution lists
• Security: Facilitate compliance with national and international regulatory requirements and perform enhanced due diligence
• Options: Use only those AML, KYC, CTF and KYE components necessary to meet your compliance needs
• Continuity: Easily integrate with your existing processes and systems

With a seamless workflow, Compliance Link enables your organization to centralize its screening, standardize and store the resulting data and automatically distribute that information throughout the enterprise for review in formats tailored to the needs of each department. An integrated, modular screening solution, Compliance Link includes the following components:

1. Translator—This module translates names in different character sets into their Latin character set equivalents so that they can be screened through the Filter. Unique in the market, the Translator provides an additional layer of protection and certainty for screening non-Latin character names.

2. Parser—User configurable, this module separates a file or message that needs to be screened into fields for processing by the Filter. It parses messages in SWIFT MT, International ACH Transaction (IAT) and Fedwire formats and can accept data from numerous sources ranging from financial transactions to customer files to individual look-ups.

3. Web Service—This tool, used for real-time, on-demand screening, communicates data to the Filter and enables the creation of profiles for each department within your organization. It seamlessly integrates with outside systems and accepts third-party application calls reducing the burden of entering information into multiple systems, thus saving you time.

4. Filter—Built around Accuity’s American Bankers Association-endorsed FACFilter® screening engine, this module incorporates our industry-leading Global WatchList® databases which contain regulatory and enhanced due diligence lists. The Filter’s rule sets are user configurable and allow you to reduce the amount of false positives generated.

5. Private File Creator—This component allows you to create and maintain your own caution lists for use in the filtering process enabling you to comprehensively screen and manage entities already identified as high-risk by your organization.

6. Case Management—This module enables you to analyze and manage all matches and distribute hits for review by different departments or persons within your organization. True matches are automatically stored in the Hit Database and, after review, false positive matches are marked and placed in the Good File Database to prevent recurring matches further streamlining your screening processes.

With unrivaled connectivity, best-in-class data and a user-friendly interface, Accuity’s Compliance Link features all of the screening functionality that customers have come to rely on along with the ease of use they expect. Contact us today for more information on how Accuity’s Compliance Link provides everything you need for a successful AML screening program.