What is Fircosoft continuity?
Firco Continuity is a real time watch list filtering solution designed to ensure compliance and detect and block transactions including listed parties.
What is fircosoft screening?
Fircosoft filtering technology is highly sophisticated software that enables banks to screen for fraudulent activity when they deploy either in Firco Continuity (for screening individual transactions) or Firco Trust (for screening customers).
What is firco Compliance Link?
Firco Compliance Link enables you to meet your sanctions and AML screening obligations effectively. Receive immediate notification when the risk profile of a customer changes, enabling you to take pre-emptive action.
What is transaction screening?
Transaction screening refers to the process of screening a movement of value within the FI’s records, including funds, goods or assets, between parties or accounts. 5.1. Transaction Screening, including Payments and Trade. In order to determine the scope of transaction screening relevant for sanctions risk management.
What does firco stand for?
FIRCO
| Acronym | Definition |
|---|---|
| FIRCO | Fideicomiso de Riesgo Compartido (Spanish: Shared Risk Trust; Mexican Secretariat of Agriculture) |
What is firco trust?
Firco Trust is a customer and entity screening solution that combines filtering intelligence with high performance processing capabilities.
What is PEP and sanction screening?
What are PEP and Sanction checks? PEPs and Sanctions checks are often discussed simultaneously as they are both required by KYC laws. These checks allow you to see if a company has been sanctioned or if a politically exposed person is connected to the company.
What is Fircosoft?
Fircosoft is the recognized market leader of watch list filtering solutions, and is part of Accuity – Now LexisNexis® Risk Solutions, the leading provider of global payment routing data and anti-money laundering solutions to banks and businesses worldwide.
What are the three types of sanctions?
Types
- Reasons for sanctioning.
- Diplomatic sanctions.
- Economic sanctions.
- Military sanctions.
- Sport sanctions.
- Sanctions on individuals.
- Sanctions on the environment.
- Support for use.
What is RCA and PEP?
Relatives and Close Associates (RCAs) sometimes referred to as ‘PEPs by association’ are a type of politically exposed person who shares a family or friendship connection to a PEP.
What is PEP and non PEP?
A person is not considered a PEP once they leave their high-profile position, but they may still be high risk. Former PEPs can pose a money laundering or terrorism financing risk to your business or organisation, especially if they were high-risk PEPs.
What do you need to know about Firco continuity?
Firco Continuity Firco Continuity is FircoSoft’s flagship real-time transaction screening solution designed to ensure compliance and detect and block transactions including listed parties. The solution accepts any transaction format and will determine in milliseconds if there are names, companies, vessels,…
What is the purpose of a business continuity plan?
Business continuity planning is the process of identifying the parts of your company that are most vulnerable in order to create a plan to recover them if a business interruption occurs. Your company’s business continuity plan, in conjunction with business interruption insurance, form your business continuity management (BCM) program.
How to create a continuity program in Microsoft?
To create a continuity program, follow these steps. Click Call center > Journals > Continuity > Continuity programs. On the Action Pane, click New. On the Overview tab, set the following fields. A unique name for the continuity program.
How often should a continuity and recovery plan be reviewed?
A continuity and recovery plan should include employee training so that, in the event of an emergency, staff know what their roles are and what to do. This plan should be reviewed at least as once per year and as often as the organization changes – people come, people go, programs change. TABLE OF CONTENTS