Software facilitates OFAC compliance.
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Press Release Summary:
Featuring sophisticated name matching algorithm, web-based WatchDOG Pro v5.0 helps businesses comply with Office of Foreign Asset Controls' requirements against doing business with targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to proliferation of WMD. Users can scan multiple lists such as PEP, FinCEN, and BXA; schedule batches to run automatically; and upload and process batches remotely.
Original Press Release:
ATTUS Technologies Releases Enhanced Version of OFAC Compliance Solution
CHARLOTTE, N.C., Dec. 7 /-- ATTUS Technologies announces the latest version of its premier OFAC Compliance solution, WatchDOG Pro 5.0.
"This latest release of WatchDOG utilizes the most sophisticated name matching algorithm available because our customers were looking for more precise matches when checking the OFAC list against their customer data," said Trey Sullivan, president and CEO of ATTUS Technologies. "Our dedicated team of engineers took it one step further and WatchDOG Pro 5.0 evolved to provide all of this and more through a web based solution."
Enhanced features of WatchDOG Pro 5.0 solution include:
o Web based solution - no software installation required
o The most advanced search algorithm available
o Ability to scan multiple lists such as PEP, FinCEN, BXA, etc.
o Better matches with fewer false positives
o Enhanced name matching disqualification routines
o Ability to schedule batches to run automatically
o Address and date of birth disqualification
o Enhanced resolution and management of potential matches
o Ability to upload and process batches remotely
o Improved "Good Customer List" filtering and management
Federal regulations require all U.S. based businesses to comply with the Department of Treasury's Office of Foreign Asset Controls' (OFAC) requirements against doing business with targeted foreign countries, terrorists, international narcotics traffickers and those engaged in activities related to the proliferation of weapons of mass destruction.
About ATTUS Technologies, Inc.
Headquartered in Charlotte, N.C., ATTUS Technologies is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Since 1998, ATTUS has provided solutions to banks, credit unions, savings & loan, trust, insurance, real estate and securities companies. Over 3,000 corporations utilize ATTUS solutions for the Gramm- Leach-Bliley Act (GLBA), USA PATRIOT Act, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), AML, BSA, Reg CC and compliance training. For more information visit www.attustech.com/ or call 888-494-8449.
CONTACT: Jalana Ballen of ATTUS Technologies, +1-704-752-6249, ext. 257
Web site: www.attustech.com/
