Accuity

Accuity Accuity

Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimize payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations.

Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.

Products

Firco Compliance Link

Firco Compliance Link is an automated and comprehensive solution that provides a consolidated view of all account, transaction and trade activity. Additionally, it can be configured to suit individual risk appetite, help reduce false positives and prioritise review time by notifying users when there are potential matches to review. It allows customers to comply with screening and regulatory requirements by providing a complete audit trail of all screening operations. The application can be installed on-premises or used as SaaS solution.

Benefits of Firco Compliance Link

Professional Services Group

Take advantage of Accuity’s Professional Services Group to help implement Compliance Link. Their comprehensive methodology approach aligns with your business and IT needs, whilst supporting the implementation process through user training.

Enhance Operational Efficiency

Conduct automated delta screening every time a Global WatchList® or customer information file updates. ‘Good’ records are kept and eliminated from future reviews (if no details change).

Flexible Screening Setup

Enjoy greater control and fine-tuning capabilities with Automated Screening Manager (ASM), which provides flexible data screening setup.

User-friendly Interface

Benefit from an intuitive interface that displays all data for a quick and easy review process – it can also adjust its language presentation. Build your own workflow to drive work to the appropriate reviewers.

Save Time with Email Notifications

Receive alerts to save you time, as you enjoy a hands-off screening approach.

Product Features

Data for Screening

Choose what you screen against; a collection of sanctions lists, data enhancements, politically exposed persons (PEPs), dual-use and controlled goods lists, vessel sanctions and enhanced due diligence lists.

Data Preparation

Get better control of false positive matches as your data is formatted before screening, parsing messages in SWIFT MT, FedACH (including IAT), and Fedwire formats.

Match Management

Enjoy increased productivity and regulatory control with comprehensive case management, workflow and prioritisation tools.

Screening Algorithms

A range of flexible screening profiles and options to meet your organisation’s needs.

FIRCO TRADE COMPLIANCE

Firco Trade Compliance provides a one-stop solution for all your screening requirements, whether that’s screening customers for sanctions e.g., Politically Exposed Persons (PEPs) or the trading activity itself—goods, locations, or the transportation vessel.

It provides a secure, end-to-end solution that enables you to centralise all of your screening processes for account, transaction and trade files for batch or real-time lookups. The flexibility of the system allows for the same solution in either a hosted or on premise environment and allows for any type of screening.

Features

Firco Trade Compliance is a comprehensive and intelligent solution that efficiently screens against sanctions, vessels and dual-use goods within a single interface – offering a centralised view of risk and compliance, combining advanced and enhanced features:

  • An advanced screening engine – brings the data together to efficiently screen against sanctions, shipping and vessels, dual-use goods, entities and locations, into a consolidated screen featuring the key fields needed to check multiple aspects of a trade. It can be configured to suit individual data sets, automate workflows and prioritise review time by notifying users when there are potential match cases to review, streamlining overall screening processes.
  • Enhanced global regulation list – Accuity’s data research team proactively research, check and add daily to keep data up-to-date with global regulator announcements, constantly enhancing with thousands of unique identifiers for added protection against sanctioned entities

Benefits

Streamline Operations

  • Ensure decision making is based on the latest and most comprehensive data
  • Reduce false positives by customising compliance screening according to your own needs and risk profile
  • Have the freedom to divert resources from manual, repetitive checking to other operational tasks

Best Practice Compliance

  • Improve the standard of compliance to meet international best practice and anticipate regulatory demands
  • Create a clear audit trail to demonstrate decision making to regulators

Secure Your Reputation

  • Minimise the reputational and financial risk to your organisation that’s inherit in trade finance
  • Improve turnaround time for customer’s trade finance applications

GLOBAL WATCHLIST®

Now you can find the caution lists from all major sanctioning bodies, law enforcement agencies, and financial regulators worldwide—in one convenient and comprehensive source. We’re continually expanding and adding lists to offer the most accurate intelligence available.

We constantly collect, normalise, and validate data from multiple sanctions and caution lists from around the world. The data is enriched to reduce false positives and enable the highest level of anti-money laundering (AML) compliance.

GLOBAL WATCHLIST FEATURES

Politically Exposed Persons (PEPs) data

Our PEP database consists of more than 1.5 million entities in 240 countries and territories—and provides primary unique identifiers to positively identify PEPs, and data micro-categorisation functionality to sort PEPs by region and type.

Regulatory and sanctions data

Our primary regulatory lists are sourced from more than 45 regulatory bodies and compiled from verified international sources. You can also take advantage of additional enhancements that fill gaps beyond what you can find publicly available. Get extra protection against sanctioned entities in five key areas: shipping and vessels, bank locations, companies and organisations, payment routing, and people.

Dual-use and controlled goods data

We’ve compiled a comprehensive list of dual-use and controlled items that will help you identify and prevent shipping of these goods to sanctioned and high-risk jurisdictions, as well as comply with policies and regulations by allowing you to screen all related fields associated with trade finance transactions in a single solution.

Vessel data

With our vessel data, you not only receive the information you need to screen against vessels listed by OFAC, you get intelligence that goes beyond OFAC information to provide you with beneficial owner, previous names, port of registry, operator, and more.

Adverse Media and Enforcement: Enhanced due diligence data

Compiled from more than 1,000 enforcement and 35,000 media sources, our database is one of the largest in the world for negative news and high-risk entities.