Explore our superior AML solutions

Wire Transfer System
OFAC Solution BSA Solution Wire Solution

AML Solutions for FINCEN & BSA Compliance

When comprehensive monitoring matters ECS Enhanced Compliance Solution (ECS) is a comprehensive AML monitoring system designed to comply with the U.S. PATRIOT Act AML statutes and provides detection & documentation of fraudulent behavior. Our “hidden relationships” functionality in ECS, facilitates monitoring of behavioral patterns and transactional activity among persons and groups of customers. Signatories, beneficiaries and even non-customers that form part of customer relationships.

OFAC Screening Software

When an in-depth scanning process makes the difference Our OFAC screening software delivers compliance-critical searches to reduce exposure while at the same time minimize false positives. Our OFAC / PEP Server, scans lists published by the U.S Office of Assets Control (OFAC), the Bank of England (BOE), and other authoritative sources. Designed to not only scan blocked entities, our OFAC Screening Software supports the banks’ Enhanced Due Diligence (EDD) process of their customers by searching lists of Politically Exposed Persons (PEP) and other designated entities. Our search history functionality is specifically designed to comply with FinCEN requests and subpoenas by scanning client databases and transaction history. Ocean Systems’ customized implementation & configuration, can process unlimited types of data based on your bank’s preferred options.

Wire Transfer Automation

Providing Automation and Compliance Discover OSI’s premier FRB Certified wire transfer product, FedLink. Designed as a module based solution, FedLink is a scalable software solution that allows for growth and automates your operation, while ensuring your wire transfers are compliant with all related regulations. The core module automatically posts entries to customer accounts, providing full disclosure on customer statements.

The The FedLink Anywhere module provides a Web-based front end for bank personnel and customers. This allows authorized users to originate wires with templates and bank lookups that pre-fill beneficiary and intermediary bank information. Customer requests are secured and authenticated with the use of electronic signatures and multi-factor authentication. FedLink Anywhere uses Identity Guard, an award winning authentication platform from Entrust Corporation, to render multi-factor authentication through the use of tokens, grid cards, and other forms of authentication

News

Ocean Systems to Sponsor Upcoming FIBA AML Conference
12/8/2013
Ocean Systems will again sponsor the Florida International Banking Association's AML Conference. The 14th Annual Money Laundering Compliance Conference will be held in Miami on February 20 - 21, 2014.
Ocean Systems participates in CBANC webinar regarding the evolution of AML Transaction Monitoring So
8/14/2013
This video is a recording of Ocean Systems' presentation during CBANC's webinar on the evolution of AML Transaction Monitoring Solutions.
Ocean Systems releases FedLink 7.8 to comply with latest changes of Dodd Frank Regulation E
7/15/2013
FedLink Release 7.8 was made available to comply with the requirements set forth by the Remittance Transfer Regulation, an amendment to Regulation E, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Much of the functionality was already implemented in Release 7.7 prior to the last amendment to the ruling, yet some modifications and enhancements were made in Release 7.8 to address the latest changes.
FedLink Anywhere 4.1 interfaces with WellsXchange to obtain live FX Rates from Wells Fargo.
5/23/2013
Users of FedLink Anywhere may now obtain live Foreign Exchange Rates from Wells Fargo when preparing international wire transfer payments. For consumer remittances, the user is presented with a pre-payment disclosure that incldues the FX Rate, third party fees, and delivery date, to comply with the Dodd Frank Regulation E.
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