ProScan – Embargo and Blacklist filtering - Tieto
ProScan – Embargo and Blacklist filtering - Tieto
ProScan – Embargo and Blacklist filtering - Tieto
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<strong>Tieto</strong><br />
<strong>ProScan</strong><br />
<strong>Tieto</strong> Corporate Banking<br />
<strong>–</strong> a critical enabler for tomorrow’s payment world<br />
<strong>ProScan</strong> <strong>–</strong> <strong>Embargo</strong> <strong>and</strong><br />
<strong>Blacklist</strong> fi ltering<br />
Increasingly, banks are under<br />
pressure from governmental<br />
bodies to implement means<br />
of preventing their products<br />
<strong>and</strong> services from being used<br />
in the funding of terrorist<br />
<strong>and</strong> criminal activity. Noncompliance<br />
is not an option.<br />
With <strong>ProScan</strong>, <strong>Tieto</strong> offers a<br />
complete solution for fi nancial<br />
sanctions monitoring.<br />
<strong>ProScan</strong> enables you to:<br />
1. Securely <strong>and</strong> effi ciently detect, stop <strong>and</strong><br />
report terrorist fi nancing<br />
2. Avoid funds being blocked<br />
3. Preserve market reputation <strong>and</strong> funding<br />
conditions<br />
4. Prevent fi nes<br />
Financial Sanctions Monitoring<br />
EU,US <strong>and</strong> other local fi nancial sanctions<br />
regulations dem<strong>and</strong> that customer records<br />
<strong>and</strong> fi nancial transactions are checked<br />
against offi cially published lists of terrorist<br />
<strong>and</strong> criminal suspects. Violations must be<br />
reported promptly to the fi nancial authorities.<br />
Whilst the legal framework has been in<br />
place for a number of years, the practical<br />
implications for banks have been less clear,<br />
particularly in Europe, with the result that<br />
many banks only have a partial solution in<br />
place, while others still have no solution in<br />
place at all.<br />
The number <strong>and</strong> size of fi nes <strong>and</strong> warnings<br />
issued in recent months for non-compliance<br />
with the regulations, <strong>and</strong> the publicity they<br />
have generated, has sharpened the focus.<br />
It has become clear that the risks of noncompliance,<br />
particularly in terms of loss of<br />
reputation, are high indeed.<br />
© 2010 <strong>Tieto</strong>
<strong>Tieto</strong><br />
<strong>ProScan</strong><br />
External<br />
<strong>ProScan</strong><br />
OFAC EU<br />
With <strong>ProScan</strong>, <strong>Tieto</strong> offers a complete solution, which, through the use of innovative<br />
technology, will reduce these risks to the absolute minimum.<br />
Messaging Systems<br />
Full compliance<br />
<strong>ProScan</strong> offers a solution, fully tailored<br />
to a bank’s specifi c service offering by<br />
the bank’s own business specialists.<br />
The main functional areas of <strong>ProScan</strong><br />
are as follows:<br />
• Automated scanning of the customer<br />
database <strong>and</strong> fi nancial transactions<br />
• Web query interface enabling ad-hoc<br />
checking of names <strong>and</strong> addresses from<br />
anywhere within the bank<br />
• User-defi nable rules covering<br />
scanning, workfl ow <strong>and</strong> escalation<br />
procedures<br />
• User-friendly, web-based screens,<br />
allowing effi cient processing <strong>and</strong><br />
documentation of suspicious cases<br />
• Complete data maintenance features,<br />
allowing import <strong>and</strong> update of various<br />
lists, including EU lists, OFAC, UK lists,<br />
country lists (such as the FATF NCCT<br />
list) <strong>and</strong> user-defi ned watchlists <strong>and</strong><br />
“white” lists.<br />
• Full audit of user actions <strong>and</strong> case<br />
history<br />
• Reporting features<br />
For more information:<br />
fi nancial.service@tieto.com<br />
www.tieto.com/fi nancialservices<br />
Messages for scan Immediate<br />
responses<br />
Analyser:<br />
determine<br />
product type &<br />
rules to apply<br />
Scanning<br />
UK<br />
Data<br />
maintenance<br />
Good<br />
guys<br />
Accounts Database Web Queries<br />
Interface layer<br />
GO or WAIT<br />
+ case ID<br />
Countries<br />
Suspect<br />
cases<br />
Product<br />
rules<br />
Worklist<br />
User<br />
roles<br />
System<br />
confi guration<br />
web web<br />
Data Maintenance Administration<br />
Minimal disruption of business<br />
processing<br />
<strong>ProScan</strong> achieves full compliance with<br />
a minimum of false positives. The builtin<br />
workfl ow facilitates proper h<strong>and</strong>ling of<br />
suspect transactions. <strong>ProScan</strong> h<strong>and</strong>les<br />
high traffi c peaks to meet cut-off times<br />
for all types of transactions.<br />
Secure <strong>and</strong> powerful<br />
integration<br />
One of the important advantages of<br />
<strong>ProScan</strong> is a broad range of integration<br />
options. A complete integration solution<br />
is offered in conjunction with ProSwitch,<br />
<strong>Tieto</strong>’s message switching application<br />
comprising features such as security,<br />
recovery, monitoring, archiving <strong>and</strong><br />
querying.<br />
Global operations<br />
<strong>ProScan</strong> acts as a central service for<br />
enterprise-wide compliance monitoring,<br />
eliminating the need for a patchwork on<br />
numerous systems within the bank.<br />
Final response<br />
(source = application only)<br />
Report<br />
rules<br />
GO or STOP<br />
(messages)<br />
+ case ID<br />
Case h<strong>and</strong>ling<br />
<strong>and</strong> queries<br />
Archive<br />
Reporting<br />
web<br />
Personnel<br />
Reports<br />
Reports<br />
Reports<br />
Powerful <strong>and</strong> robust<br />
<strong>ProScan</strong> is functionally rich <strong>and</strong> is<br />
designed for uninterrupted operation.<br />
Parameter administration is performed in<br />
real-time.<br />
Effi cient user interaction<br />
<strong>ProScan</strong> provides operators with the<br />
necessary information to make informed<br />
decisions related to suspicious cases.<br />
Operators have access to the original<br />
scanned item <strong>and</strong> the item matched<br />
from the watch-lists; they can also input<br />
case notes to record their investigations<br />
before taking action to stop or release<br />
the transaction.<br />
Work screens give supervisors an<br />
overview of any outst<strong>and</strong>ing cases,<br />
<strong>and</strong> allow escalation, reassignment <strong>and</strong><br />
follow-up on cases.<br />
© 2010 <strong>Tieto</strong>
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