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Program Purpose - The OFAC ScoutTM program has
been developed to help ensure that financial institutions
are in compliance with the U.S. Dept of Treasury' OFAC regulations.
This easy-to-use application provides financial institutions
with the ability to run updated (SDN) lists of organizations
and individuals identified as being associated with terrorism
against new applicant information as well as your existing
membership/customer database to search for potential matches.
Benefits
of the OFAC ScoutTM program:
Cost-Effective The OFAC ScoutTM program is the most cost-effective
solution available and it eliminates the necessary labor and
time involved to conduct manual inputs and searches. There
are no monthly maintenance fees or per inquiry or use charges.
Member Security The OFAC ScoutTM program is installed
on your in-house workstation(s) or on your network server
eliminating the vulnerability of transmitting your confidential
member/customer information over the Internet to another facility
for processing.
Ease of Use The OFAC ScoutTM program installs in just
a few minutes and simply needs a text file input to conduct
searches.
Product Support Purchasing the OFAC ScoutTM program entitles
you to telephone technical support to assist with installation
or questions that may arise.
Program
Features:
Unlimited User License Install the OFAC ScoutTM program
on as many workstations as necessary within the network of
your financial institution with no additional costs.
Live Update Function Simply hit the live update button
to obtain the OFAC provided SDN lists that are routinely updated
every 7 to 10 business days.
Full Search Capabilities Examine names for OFAC entities
interactively with a single name search, useful for verifying
transactions and wire transfers for OFAC entities. The OFAC
Scout also provides a batch mode function for searching a
list of names simultaneously.
Accept List Prevent false name matches by adding them
to an Accept List for future searches.
Product Updates As new governmental requirements arise,
additional lists will be added for searches.
System Requirements:
256MB of memory, Windows 98, Windows 2000, Windows NT or Windows
XP
The following is an offering and fee schedule
for GUS Networks' OFAC ScoutTM program,
"The most cost-effective solution on the
market".
Both
Options Include:
- An unlimited user license
- Full technical support
- OFAC (SDN) data live-update function
- Choice of Windows or Web-based version
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Scout
Program Features
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Complete
Scout Program |
| Interactively
examine names for OFAC entities with a single name search
option or search by batch of names. |
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| Examine
customer names, transactions, and wire files for OFAC
entities. |
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| Extensive
auditing, reporting, and printing capabilities. |
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| Prevent
false name matches by adding them to an accept list for
future searches. |
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Contact GUS Networks at 626.330.2003
or via email info@ofacscout.gus.net
to check on our current promotional prices.
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