Compliance Filter (Co-Fi)
Compliance Filter (Co-Fi) is an anti-money laundering (AML) application designed to automate the requirements of embargo and money laundering legislation. It automatically filters transactions and customer data against a wide range of official watch lists and generates alerts to users if a suspicious message is found.
As a compliance officer or risk manager, you are faced with AML regulatory compliance challenges such as evolving compliance requirements and ongoing costs of compliance. Synergy’s Compliance Filter (Co-Fi) solution provides the automation needed to give you the ability to implement a consistent AML system whilst reducing the cost of manual monitoring.
Compliance Filter Feature
- Real-time transaction monitoring protects organisations from suspicious transactions before they are forwarded
- Supports a large of variety of data sources including SWIFT messages
- Built-in alarm system
- You control the parameters which generate alerts
- Comprehensive reporting on the compliance process
- List of released transactions
- List of blocked transactions
- User friendly, GUI-based interface
Business Benefits
- Cost saving
- Eliminate manual transaction monitoring to save administrative cost
- Prevent funds seizures and penalties
- Reduce risk
- Ensure more effective regulatory compliance
- Reduces the risk of reputation damage created by regulatory action
- Increase protection of corporate assets and shareholder value
- Increase user efficiency
- The real-time capabilities reduce active monitoring time and then increase user efficiency
Also see Corona Reconciliation