OFAC Screening Options
What is Know Your Customer?
Section 326 of the Patriot Act deals specifically with the identification of new customers, and made extensive provisions in terms of KYC. As a result, financial institutions are now accountable for the effectiveness of their initial customer identification and ongoing KYC screening.
Lyons patriotAGENT™ features extensive OFAC screening. Its powerful search engine, combined with an advanced search algorithm, allows you to hone in on exact matches thereby reducing the number of similar matches or false positives.
Whether you need to perform single-name searches or import files for review, this comprehensive solution from Lyons Commercial Data will provide you with the flexibility you need to tailor your OFAC compliance strategy.