Skip to content
GeoDataVision
Thread Options
#1382324 - 04/27/10 07:05 PM ofac check on wires
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
For those of you who are currently checking the originators of incoming wires and the beneficiaries of outgoing wires, do you use an automated system to perform the search? We currently use Fiserv, ORM for our entire our data base search,do any of you use this system for originator/beneficary wire search?
Last edited by nemsi; 04/27/10 07:10 PM.
Return to Top
BSA/AML/CIP/OFAC Forum
#1382442 - 04/27/10 08:35 PM Re: ofac check on wires nemsi
complylady Offline
Platinum Poster
complylady
Joined: Jul 2002
Posts: 614
Michigan
We also use FiServ ORM. We use this for all of our OFAC searches (including originator/beneficiary wire search)and it is also used for the data base.

Return to Top
#1382621 - 04/28/10 12:36 PM Re: ofac check on wires complylady
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
Thanks complylady. If I may ask you one more question, is this a manual process or an automated process linked to the wire application?

Return to Top
#1383026 - 04/28/10 05:56 PM Re: ofac check on wires nemsi
CRCM2010 Offline
Member
CRCM2010
Joined: Aug 2008
Posts: 67
We also use Fiserv ORM - and it's manual for us - we have to input the name to inquire on it.

Return to Top
#1383964 - 04/29/10 08:59 PM Re: ofac check on wires CRCM2010
complylady Offline
Platinum Poster
complylady
Joined: Jul 2002
Posts: 614
Michigan
Manual for us also.

Return to Top
#1384096 - 04/30/10 12:49 PM Re: ofac check on wires complylady
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,781
You are here
Automatic Prime
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1384208 - 04/30/10 02:31 PM Re: ofac check on wires edAudit
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
Thanks for taking time to reply to my question.

Return to Top

Moderator:  Andy_Z