Wafacash signs with Fircosoft for sanctions screening
10 March 2015 | 1909 views | 0
FircoSoft, the leading global provider of watch list filtering solutions, announced today that money transfer provider, Wafacash, has selected the company’s watch list filtering solution, Firco Continuity to control its money transfer operations against sanctions lists.
Established in 1991 and based in Casablanca, Wafacash, is a subsidiary of Attijariwafa Bank. Wafacash’s Cash Express Service offers customers a fast, simple and reliable national transfer service to send or receive money anywhere in Morocco without needing a bank account. Firco Continuity will be used to screen money transfers and help Wafacash control and report any risk related to a sender or beneficiary identified on a watch list.
“We are delighted to have selected FircoSoft’s screening solution, to ensure our organization and growing domestic Cash Express Service remains compliant with regulations and employs full protection against doing business with risky counterparties,” said Abdessalam Kerouche, Directeur Système d'Information & Organisation at Wafacash. “We looked for a reliable, top-quality and trusted solution to control money transfers against sanctions lists and Firco Continuity met all of our requirements.”
“FircoSoft is very pleased to add Wafacash, one of the region’s leading providers of money transfer services, to our growing customer base in North Africa,” said Christophe Destephen, Key Account Manager at FircoSoft. “With Wafacash, we look forward to extending our footprint into new segments of the financial industry, delivering increased value to this sector by reducing risk and offering greater regulatory protection and controls.”