Product List: Cash Transaction Monitor
Suspicious Activity Monitor - The Best product available for monitoring domestic ACH and IATs!
Wire Transaction Monitor
- Automate your recordkeeping for wire tansfers and
improve your OFAC scanning!
OFAC IT! - A self-contained, low-cost, bank-wide OFAC solution
The Cash Transaction Monitor (CTM) is a system that helps banks comply with the Bank Secrecy and U. S. PATRIOTS Acts
CTM automatically identifies related accounts (for example: husband, wife
and wife's mother) and builds an account relationship key.
On a daily basis, you can quickly identify all account-relationships that
had aggregate cash transactions of $10,000 or more.
On a monthly basis, you can quickly identify all account-relationships that
had aggregate cash transactions of $5,000 or more.
CTM automates the creation of CTRs and SARs. Repetitive reports are produced
in 20-60 seconds.
You can use CTM to file CTRs & SARs electronically. You also have the option
to file traditionally via paper.
Even though you file electronically, you can still produce paper reports
for the Regulators.
CTM
has a Monetary Instrument Log (MIL).
The system performs 314(a) checks, on both the customer base and the
non-customers on the MIL.
The system makes it easy to perform the annual review of CTR-exempted
accounts.
The system helps you assign risk-ratings and closely monitor high-risk
accounts.
All reports can be printed or exported to Excel spreadsheets.
The system also keeps track of non-customer transactions (even when done at
different branches).
Premium Quality, Personal Service and a no-risk free 30-day trial.
2. Suspicious Activity Monitor
The Suspicious Activity Monitor (SAM) is a system that helps banks identify Kiters, embezzlers, identity theft, elder abuse, ACH fraud, IAT fraud, terrorist financing and distressed borrowers.
SAM works with all transactions posted to your customers’ accounts (checks,
ACH, debit card, ATM--everything!)
The system enables you to search daily for customers who have unusually high
activity, based on dollar amount, number of transaction or both.
SAM’s ability to reduce false-positive results gives you 50-90% less
extraneous data to review (when compared to Banker’s Toolbox, Yellow Hammer,
AML Manager, Global Vision and Verafin).
SAM keeps track of outgoing ACH transactions generated by your customers and
helps you determine your off-balance sheet risk.
SAM alerts you when it determines your customer is using ACH to debit
someone for an unusually large amount.
Likewise, SAM alerts you when someone at another bank is using ACH to debit
your customer for an unusually large amount.
SAM keeps track of address changes and lets you quickly review them for the
past 30-999 days. It also makes it easy to identify all accounts with 2+
address changes.
You can quickly search for borrowers who have limited or no DDA activity
(indicating a possible cash-flow problem and a loan that's quickly going
south).
SAM quickly identifies all accounts that have had multiple kites over the
past 4 -12 weeks (or longer).
SAM monitors International ACH Transactions (IATs) and gives you the option
to OFAC check all parties (including the four respondent banks) in IATs.
The system
helps you assign risk-ratings and closely monitor high-risk accounts.
All reports can be printed or exported to Excel spreadsheets.
Premium Quality, Personal Service and a no-risk free 30-day trial.
The Wire Transaction Monitor (WTM) is a system that automates all of your recordkeeping for wire transfers. It helps banks comply with the Bank Secrecy and U.S. Patriot Acts, and does OFAC checking.
WTM retains every piece of information, for all incoming and
outgoing wires.
You can quickly review international wires for suspicious activity.
You can quickly review account relationships that had $5,000 or
more in aggregate wires for a month.
You can quickly review all wires that were for $5,000 or more.
You can structure queries to search for accounts with both high
amounts of cash and wires.
WTM produces end-of-day advices for incoming wires and confirmation
notices for outgoing wires.
You can use WTM to build Wire Transaction Files for uploading to
Fed, via Fed Advantage.
WTM has an easy
to use OFAC checker that operates on your servers. The only Internet
Connection you need for our OFAC checker is when you have to download the
SDN updates.
All reports can be printed or exported to Excel spreadsheets.
The system helps you assign risk-ratings and closely monitor high-risk
accounts.
Premium Quality, Personal Service and a no-risk free 30-day trial.
OFAC It! is a self-contained, low-cost single-name OFAC checker.
OFAC It! works totally within the bank; you
do not need a high-speed Internet connection to use OFAC It!
You can download SDN updates directly from
FinCEN or from our web site--your choice.
Installation on Teller workstations is
limited to creating a shortcut to the .exe file. There are no control files
required for installing OFAC It!
You must purchase WTM in order to use OFAC
It!
The price of the Cash Transaction
Monitor starts at $6,250 for smaller banks (with assets up to $60 million) and
$10,000 for larger ones.
The price of the
Suspicious Activity
Monitor starts at $9,000 for smaller banks and $12,500 for larger ones.
The price of the Wire Transaction
Monitor starts at $6,250 for smaller banks and $9,000 for larger ones.
The price of OFAC
It! starts at $6,000 per year, for unlimited use and users.
There is a small annual fee for each system, after the first year.
We are the only BSA/AML software company that posts its prices on-line, so that you know you're getting a fair deal.
We are the only BSA/AML software company that lets you operate with Microsoft SQL-2005 Express (a free databse management system; using this system from Microsoft could save your institution several thousand dollars).
We're also the only company that lets you try its products for 30 days, at no cost or obligation.
98% of banks that try our products buy them, check our references!
Premium Quality, Personal Service
This page was last updated on 01/02/2012 22:50