Counter Terrorist Financing / Watch List Filtering

Watch List Filtering from Fiserv supports real-time screening of SWIFT payments – Fiserv is a SWIFT certified partner – as well as batch filtering of customer lists and account transactions. The module supports OFAC and other government lists, Accuity’s Global Watchlist, and World-Check’s database of high-risk entities. When lists are updated, the system automatically detects any changes to the list and runs the entire customer and/or transaction database against these modifications.

Watch List Filtering from Fiserv also provides Internet-based list matching of individual names, for example for customer due diligence at account opening. False positive reduction includes Soundex and Levenshtein algorithms, used to generate risk-scored results, and exception lists. The module can be used with third-party Watch list products from Dow Jones .

All detections will result in an alert, which can be investigated and reported using the investigation, case management, and reporting capabilities of AML Manager. The watch lists, against which transactions are being checked, are completely and easily configured through the AML Manager User Interface.

"We are delighted with our selection of Fiserv and have been very impressed. They provides a powerful engine that allows us to parse and divide lists by geography. It’s basically just 3 clicks - that’s it. My work is done. I don’t have any headaches, I don’t have to go trawling websites.” 

Claude Baksh, Assistant Vice President, Regulatory Compliance and Money Laundering Reporting Officer, Sun Life Financial

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