Computer Services, Inc. (CSI) provides financial technology solutions and regulatory compliance software to banks, financial institutions and a variety of other industries nationwide. Based in Paducah, Kentucky, and incorporated in 1965 with six employees and three customer banks, CSI is now one of the nation’s largest providers in the fintech and regtech spaces. And with more than 1,100 employees, our staff is among the best in the industry.
In today’s global economy, opportunities for growth are often accompanied by an increasingly complex landscape of rules, regulations and compliance issues. Since compliance is now a component of everyday business operations, businesses must employ a strategic, holistic program with several key components, including customer risk profiling.
Organizations across regulated industries are obligated to screen transactions and customers against sanctions lists in order to avoid transacting with sanctioned countries, individuals and entities.
As technology becomes more sophisticated and influences how organizations conduct business, the need for efficient watch list screening increases exponentially.
Complying with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) regulations on sanctions against foreign entities requires much more than checking a list of restricted companies and individuals.
Image: Download this white paper, Understanding OFAC: A Best Practices Compliance Guide for All Businesses, to learn how you can enhance your compliance programs and mitigate potential risks.