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BSA/AML/CIP/OFAC Forum
OFAC Database scrubs
Thread Options
#1600186
-
09/06/11
07:00 PM
OFAC Database scrubs
Julie C
100 Club
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
Power Poster
Joined:
Oct 2009
Posts: 3,927
Our core processor does it on a nightly basis.
_________________________
I hear and I forget. I see and I remember. I do and I understand.--Confucius
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#1600194
-
09/06/11
07:04 PM
Re: OFAC Database scrubs
Doug Hendrickson
Tater
Platinum Poster
Joined:
Jan 2006
Posts: 642
Missouri
Originally Posted By: Doug Hendrickson
Our core processor does it on a nightly basis.
Ditto
_________________________
Born once? Die twice.
Born twice? DIE ONCE!
Loan Review, HMDA, ALLL
Opinions are my own and do not reflect any others
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#1600207
-
09/06/11
07:19 PM
Re: OFAC Database scrubs
Tater
Dani York, CRCM
Power Poster
Joined:
Apr 2005
Posts: 3,663
TN
Same here.
_________________________
I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.
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#1600208
-
09/06/11
07:18 PM
Re: OFAC Database scrubs
Dani York, CRCM
dickr
Gold Star
Joined:
Feb 2010
Posts: 356
Middlesex Cty NJ
Same
_________________________
Lord,give me patience - and I want it NOW!!!
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#1600214
-
09/06/11
07:24 PM
Re: OFAC Database scrubs
dickr
BC78a
Gold Star
Joined:
May 2006
Posts: 311
New York
Our AML System (also done on core)
_________________________
___
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
100 Club
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
100 Club
Joined:
Aug 2009
Posts: 201
We scrub daily and monthly.
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