Take the worry out of AML compliance requirements with good anti money laundering software
"QuickCheck anti money laundering software is the best system to stop fraud checks. Even the auditors that came to audit my store loved it. They said they have never seen anything this comprehensive Supermarket - Tennessee "
Electronically save data needed for AML audits
Auditors often require you to provide details of customers who cashed certain checks. QuickCheck anti money laundering software retains all the necessary information in electronic format and helps you stay compliant with federal and state laws.
Quickly generate SAR/CTR logs
If a customer cashes more than $10,000 in checks in one day or cashes multiple checks over few days, you are required to report the transaction via CTR or SAR form. With QuickCheck, you can
identify checks that meet the AML filing requirements
have peace of mind during compliance audits
Automatic OFAC/SDN verification on all checksexclusive feature
The Office of Foreign Asset Controls (OFAC) regularly publishes Specially Designated Nationals (SDN) List. Check cashers are restricted from cashing check for anyone on this list. With QuickCheck anti money laundering software you can:
automatically check the OFAC/SDN list for each transaction
get alerts if the company or the customer is on the list
save OFAC Verification confirmation numbers for future audits
Pre-warnings to avoid exceeding CTR and SAR limitsexclusive feature
QuickCheck anti money laundering software warns you before you cash a check a check that exceeds CTR or SAR limits. This helps you avoid the transaction or get more information from the customer so that you can file the reports with more details.
Reports with front & back check images
Many states require you to maintain front and back images of all checks you cash. With QuickCheck anti money laundering software you can:
automatically save front and back images of all checks
get reports with front & back images of all checks cashed
generate customers' annual summary for state reporting