“I’ve been really impressed with the program, virtually from day one. In fact, even in the preliminary demo stage, I was sold right away. I knew it would accomplish the results we needed as a small community bank.”
-Rick Melone, EVP, Chief Credit Officer First National Bank of Wyoming
It’s everyone’s duty to avoid conducting business with sanctioned entities, terrorists, and narcotics traffickers. With WatchList Manager™ from Banker’s Toolbox,™ exceeding regulatory requirements and protecting your reputation is effortless. Our advanced filtering technology is designed to prevent illegal relationships and transactions from entering your institution.
Robust OFAC Scanning Technology Made Simple.
WatchList Manager™ scans your customers and transactions for hits against the following lists:
SDN List: Official Specially Designated Nationals and Blocked Persons List
PLC List: Official Palestinian Legislative Council List
Sanctioned Country List: List of countries in the Country Sanctions Program
PEP List: CIA list of Chiefs of State and Cabinet Members of Foreign Governments
Spend Less, Get More
WatchList Manager™ is an affordable alternative to the increasing prices of other OFAC scanning solutions.
The PEP list is a scan normally offered at an additional charge by many vendors, but comes standard with WatchList Manager.™
Fully integrated in BAM® to provide the user with color-coded alerts, enhanced drill-down, investigation documentation, case creation and SAR filing capabilities.
Benefits of WatchList Manager™
Powerful scanning logic meets regulatory expectations while minimizing the number of false positives
Easy-to-interpret results make it simple to determine the reason for each hit
Flexible options let you focus or extend your search to control the number of matches
Interfaces with Our Solutions
Interfaces with BAM® to scan CIS records, as well as daily batches of ACH transactions & Monetary Instruments
Interfaces with Banker’s Toolbox’s® WirePro™ Enterprise, WirePro™ Standard, and WirePro™ Branch Module to screen batches of incoming and outgoing wire transactions, scanning every field within the wire messages.
Web Interface
Convenient web-based lookup interface gives you the freedom to conduct an individual scan from anywhere in your institution, even right at the teller window
Protect Your Institution with Ease
WatchList Manager™ uses state-of-the-art fuzzy logic and modern screening technology so you do not have to worry that you might be missing a suspect when the search terms do not match up perfectly.
Possible Match Types
Explanation
Literal Match Example:
Avery Badguy Inc. = Avery Badguy Inc
Any time an exact match is found, you will want to investigate the hit.
Synonym Match Example: Avery Badguy Inc. = Avery Badguy Incorporated
WatchList Manager’s logic can handle most common abbreviations, word substitutions, and nicknames
Fuzzy Match Example:
Averry Badguy = Avery Badguy
This helps find matches if a search term looks OR even sounds like an entry on the watch list. This way, you are not missing any hits, despite typos or spelling differences.
Control Your Search Results Display
WatchList Manager™ provides a user-defined spectrum of display settings that range from narrow, focused results to wide, extended results. This gives you the flexibility to adjust the strength and number of matches that are displayed and will enable your institution to strike a balance between satisfying mandatory regulations and shrinking the number of false positives.
Contact Us Today
We know it’s a serious task to defend your institution from abuse by filtering out illegal transactions and sanctioned entities. When you partner with Banker’s Toolbox,™ you can be assured of proven performance and top customer support. Contact us today to see how easily WatchList Manager™ can enhance your OFAC scanning process.
First National Bank of Wyoming's Success Story