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#1600186 - 09/06/11 07:00 PM OFAC Database scrubs
Julie C Offline
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Joined: Nov 2005
Posts: 100
Indiana
I was wondering what company other banks are using to scrub their bank's customer database for possible OFAC matches. Also, how often are these scrubs done?

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BSA/AML/CIP/OFAC Forum
#1600191 - 09/06/11 07:01 PM Re: OFAC Database scrubs Julie C
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
Our core processor does it on a nightly basis.
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#1600194 - 09/06/11 07:04 PM Re: OFAC Database scrubs Doug Hendrickson
Tater Offline
Platinum Poster
Joined: Jan 2006
Posts: 623
Missouri
Originally Posted By: Doug Hendrickson
Our core processor does it on a nightly basis.


Ditto
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#1600207 - 09/06/11 07:19 PM Re: OFAC Database scrubs Tater
Dani York, CRCM Offline
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Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
Same here.
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#1600208 - 09/06/11 07:18 PM Re: OFAC Database scrubs Dani York, CRCM
dickr Offline
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dickr
Joined: Feb 2010
Posts: 356
Middlesex Cty NJ
Same
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#1600214 - 09/06/11 07:24 PM Re: OFAC Database scrubs dickr
BC78a Offline
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BC78a
Joined: May 2006
Posts: 311
New York
Our AML System (also done on core)
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Just my opinion for what it is worth

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#1600484 - 09/07/11 03:22 PM Re: OFAC Database scrubs BC78a
newbietoo Offline
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Joined: Aug 2009
Posts: 201
We have a myriad (core, AML System and WatchDog Pro).

We have an internal loan system so we use WatchDog Pro to scrub that data.

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#1600486 - 09/07/11 03:24 PM Re: OFAC Database scrubs newbietoo
newbietoo Offline
100 Club
Joined: Aug 2009
Posts: 201
We scrub daily and monthly.

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