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...the automatic scanning of our wire files has really cut down our wire processing time and helped our Fedline processors work more efficientlyAtlantic Central Bankers Bank
File Scanning
IQ AutoScan™ can quickly and efficiently scan your customer database and vendors daily. Powerful reporting tools allow management and auditors to view your compliance efforts in real time.
Integra Systems offers server-based or web based options, to scan your customer database, vendor files, ACH files, and wire transfer files against the OFAC list, Politically Exposed Persons (PEP) list, FinCEN, EU/UK/UN sanctions list, or any other list.
We offer IQ AutoScan™. This can be a standalone server or web-based product that automatically scans your customer data on a daily basis. In addition, powerful customized reporting tools will allow management and auditors to view your compliance efforts.
This is a simple process that does not require any IT assistance.
The reality is that you are required to screen your customers and vendors against the OFAC list. We provide a simple, cost efficient and secure way for you to remain compliant. Avoid the penalties and the hassle. IQ AutoScan™ and Integra Systems™ staff will continue to enhance your business process while remaining compliant.
How much are the Fines for Violating OFAC Regulations?
The fines are substantial! Fines can range from $50,000 - $10 MILLION and imprisonment ranging from 10-30 years for willful violations. Civil penalties can range from $11,000 - $1 MILLION for each violation.