Japan's Sumitomo Mitsui Banking Corporation has contracted with Getronics for the supply and implementation of France-based Fircosoft's anti-money laundering software, OFAC-Agent Suite.
The software will enable the bank to screen customers against Japanese lists of known or suspected terrorists.
The OFAC-Agent Suite features a messaging filter which screens both incoming and outgoing messages for names or companies matching the blocked-parties list. The system can be used with international, governmental or corporate lists
A files filter detects any restricted entity in customer information databases. The application screens large files and generate reports of potential high-risk financial customers. The package also features an online filter which sends a Web query via an intranet to check whether any new customers appear on blocked-parties lists.
Getronics Japan will provide the bank with installation and on-going maintenance services.