OFAC Database scrubs

Posted By: Julie C

OFAC Database scrubs - 09/06/11 07:00 PM

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?

Posted By: Doug Hendrickson

Re: OFAC Database scrubs - 09/06/11 07:01 PM

Our core processor does it on a nightly basis.

Posted By: Tater

Re: OFAC Database scrubs - 09/06/11 07:04 PM

Originally Posted By: Doug Hendrickson

Our core processor does it on a nightly basis.

Ditto

Posted By: Dani York, CRCM

Re: OFAC Database scrubs - 09/06/11 07:19 PM

Same here.

Posted By: dickr

Re: OFAC Database scrubs - 09/06/11 07:18 PM

Same

Posted By: BC78a

Re: OFAC Database scrubs - 09/06/11 07:24 PM

Our AML System (also done on core)

Posted By: newbietoo

Re: OFAC Database scrubs - 09/07/11 03:22 PM

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.

Posted By: newbietoo

Re: OFAC Database scrubs - 09/07/11 03:24 PM

We scrub daily and monthly.