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Financial Crime: Technology can Transform Compliance

FICO

In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management. For most of the public lists (EU, OFAC, UN, HMT, etc.) the KYC system provides out-of-the-box watch list loaders. What solutions do you have? Absolutely.

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High-Risk Source of Application: How to Detect and Manage Them

Seon

Other regions sanctioned by OFAC include: Balkans Belarus Burma Central African Republic Ethiopia Iraq Lebanon Venezuela Yemen Zimbabwe Organizations may have their own list of high-risk countries. However, the rules set by the Office of Foreign Assets Control (based in the US) tend to be followed by most countries around the world.