FirstCaribbean International Bank (FirstCaribbean), a leading financial institution based in Barbados, is currently implementing OFAC-Agent Suite, the leading Watch List Filtering Solution from FircoSoft.
FirstCaribbean has selected two filtering solutions from the OFAC-Agent Suite that perfectly met their requirements:
- Firco Messages Filter (FMF), integrated into Swift Alliance Access, prevents FirstCaribbean from processing illegal incoming and outgoing financial transactions.
- Firco OnLine Filter (FOL) enhances their Customer Identification Program by detecting high-risk financial customers before opening a new account. This web-online filter will be easily accessed by any branches in Curacao.
"We definitely chose FircoSoft OFAC-Agent Suite as it is a de facto standard filtering solution offering all the features we were looking for. The project was successfully conducted within 3 weeks enabling FCIB to comply with strengthen regulations in a very short time frame", Mr. Joe Barretto, FirstCaribbean Bank's Executive Director, M&A, integration, says.
"We are glad to welcome FirstCaribbean in the International Network of FircoSoft users as it is one of the first banks to implement an AML programme in this part of the world", Frédéric Casadei, Fircosoft Sales Director adds.