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#1258144 - 09/28/09 08:50 PM OFAC Screening on IAT's
complybsa Offline
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complybsa
Joined: Sep 2008
Posts: 80
New Jersey
We are a Fiserv client and the new reports for IATs are only generated if activity took place. I am concerned that an auditor is going to question how we know that for a giving day we had no IAT's.

As we all know Fiserv does not make mistakes!! and thinking an auditor might want a little more - as far as documentation.

Thoughts/concerns anyone??

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BSA/AML/CIP/OFAC Forum
#1258152 - 09/28/09 08:56 PM Re: OFAC Screening on IAT's complybsa
#Just Jay Offline
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#Just Jay
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Posts: 14,390
Cheeseheadland
Spoke with Fiserv about this as well... they are aware of this need as a number of banks have submitted an 'enhancement request', and it is in the works.
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#1258159 - 09/28/09 09:04 PM Re: OFAC Screening on IAT's #Just Jay
ACBbank Offline
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ACBbank
Joined: Jul 2006
Posts: 4,134
New York City
I have the OCC coming in early 2010 and I was also concerned about this. I created a very basic log in order to demonstrate that the IAT's are being checked on a daily basis.

Until FiServ makes a change, there really isnt much else that can be done IMO.
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#1258299 - 09/29/09 12:46 PM Re: OFAC Screening on IAT's #Just Jay
complybsa Offline
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complybsa
Joined: Sep 2008
Posts: 80
New Jersey
Thank you - and I will submitt a enhancement request as well...

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#1258768 - 09/29/09 07:58 PM Re: OFAC Screening on IAT's complybsa
NewTooBSA Offline
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Joined: Nov 2005
Posts: 568
Texas
I have done the same as ACB has done. Created an excell spreadsheet because we have AM & PM files and we either enter completed or no file and the initials of the person checking.

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#1259395 - 09/30/09 05:58 PM Re: OFAC Screening on IAT's NewTooBSA
AML247 Offline
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Joined: Jun 2005
Posts: 127
SC
We are a Fiserv Bank as well and discovered that although we only had a couple of IATs, they were not showing up in the reports on the Director system. However, I've found that if I do a search on the PIM - Source Detail Listing for "IAT", then I am able to find any IATs. Of course you have to wade through all the "Associates", "Pediatrics", and "Aviation" since they use those letters in their spelling, but the only way I've been able to identify them is through this report. Until they fix the problem, that's my only solution.

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#1259701 - 09/30/09 08:43 PM Re: OFAC Screening on IAT's AML247
wavewatcher Offline
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wavewatcher
Joined: May 2003
Posts: 2,053
Hawaii
How about on Fidelity? Has anyone discovered how to identify the IATs - the report they created doesn't work, so I'm looking for a work-around too.

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#1259928 - 10/01/09 01:50 PM Re: OFAC Screening on IAT's wavewatcher
P*Q Offline

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P*Q
Joined: May 2001
Posts: 8,450
Somewhere
I guess we're lucky then. Our processor COCC has worked with Attus Watchdog to streamline the process and it works great!

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#1260082 - 10/01/09 04:08 PM Re: OFAC Screening on IAT's P*Q
Nancyod Offline
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Joined: Nov 2008
Posts: 74
New England
I love COCC!

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#1261175 - 10/02/09 08:00 PM Re: OFAC Screening on IAT's Nancyod
ATLbanker Offline
Gold Star
Joined: Sep 2005
Posts: 332
Georgia
We are with Fidelity BancPac. We get a report each day in our report download. They run ATTUS software against our ACH files for the day. One report each day.

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#1262066 - 10/06/09 02:06 AM Re: OFAC Screening on IAT's ATLbanker
wavewatcher Offline
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wavewatcher
Joined: May 2003
Posts: 2,053
Hawaii
Is this through EDIDATA? We are fidelity BancPac too.

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#1266712 - 10/14/09 08:41 PM Re: OFAC Screening on IAT's wavewatcher
Lightning Offline
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Joined: Sep 2008
Posts: 1
We're with Fidelity too! The report is vague...if you find a work around let me know!

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#1267693 - 10/15/09 10:57 PM Re: OFAC Screening on IAT's AML247
DebL Offline
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Joined: Jan 2007
Posts: 314
CA
Originally Posted By: Nu2BSA
We are a Fiserv Bank as well and discovered that although we only had a couple of IATs, they were not showing up in the reports on the Director system. However, I've found that if I do a search on the PIM - Source Detail Listing for "IAT", then I am able to find any IATs. Of course you have to wade through all the "Associates", "Pediatrics", and "Aviation" since they use those letters in their spelling, but the only way I've been able to identify them is through this report. Until they fix the problem, that's my only solution.


When you do the search, put a space before and a space after IAT. It doesn't give you all the extra garbage when you do that. (Tried in Director, not PIM, but in theory it should work there as well.)
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