Money Laundering

Focus Technology Group provides multiple products to help fight money laundering and terrorist financing.

AUTO CTR

FTG’s AutoCTR software is an automated currency transaction reporting and electronic filing solution. All CTR related functions are centrally managed and performed within the AutoCTR program. Cash transactions aggregate by the entity’s Tax Identification Number (TIN) and customer information record (CIF). Beneficiaries and affected accounts are identified and reported.

ML SHIELD LIST PROCESSING

ML Shield provides a comprehensive analysis method of comparing names in the Customer Information File (CIF) to names on the OFAC’s Specially Designated Nationals (SDN) list to meet BSA and Patriot Act compliance. The matching probability technique is highly accurate and fully complies with federal examination standards.