Visual Banker - Mandatory Screening

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New OFAC Rules

Mandatory Screening

Affected Institutions

FAQs

Features

Corporate Info

Screening for Blocked Persons is mandatory under OFAC regulations. Visual Banker meets your screening needs by providing all the tools and content you need to make sure you and your company stay on the right side of the law, and contribute to U.S. national security.

Visual Banker

Has a screening process with a proven track record.
Is professionally designed to be accurate, fast, economical, and efficient.
Is sophisticated yet easy to learn and use.
Is Web-based to provide accessibility and the most current data available (you don't have to purchase and load any software, maintain the database, or download lists yourself).
We update the lists daily and notify you by email that changes have been made.
You have access to an extensive list of applicable federal regulations, rules, and notices in an easy searchable format.
Has fuzzy logic to handle all types of spelling problems in order to lessen false-positive flags: for example, missing or extra letters, incorrect letters, transposed letters, names run together, and varying name order, initials, abbreviations, and alternate foreign transliterations.
Can batch process large CIF customer databases and provide detailed reports.
Provides the option of automatically emailing the search results to yourself to provide an audit trail of all your searches. If a search produces no positive hits, a complete report of all the lists searched is provided for your records.

The MSR E-Mail Escalation System

These features are supported by a real-time notification system. The Visual Banker E-Mail Alert System is configured to suit your needs. You don't need to rely on screening data-entry personnel to ensure senior management is fully informed. Reports are automatically dispatched by email to everyone on your institution's notification list — whether at your local, regional, or national offices — when a possible security breach is detected.

Using Government Lists Can Be Time Consuming

Visual Banker screens all your new accounts against Denied lists from several federal departments, commissions, and agencies, some available over the internet. Some of this information is not published by the government agencies, but appears only in the daily Federal Registry. Using these lists, one by one, is time consuming, cumbersome, inefficient, and extremely prone to errors.

Comprehensive Screening

Visual Banker provides the most comprehensive available service for Restricted Party Screening, including OFAC Specially Designated Nationals and Blocked Persons (SDN), of particular pertinence to the new banking rules.

In addition to SDN, Visual Banker covers the other denied party lists published by Department of Commerce and Department of State, as well as a number of lists published by law enforcement agencies such as the FBI, U.S. Marshals Service, U.S. Secret Service, and others. As well, a number of international lists are represented, such as the United Nations and Interpol.

Interested in a FREE trial subscription (with online training) to Visual Banker? This is not a demo. It contains real-time, current, updated information.

Call MSR today at 1-877-328-7866, or email info@visualbanker.com.