The US Patriot Act demands the regular cross checking of customers against the published OFAC SDN listing. Failure to do so can result in substantial financial penalties for the institution involved.
Branded LiveScanâ¢ (Lite) â LiveScan utilises the same powerful proprietary matching algorithms present within enSynergyâs enterprise compliance workflow product "enProcess SQL". LiveScan provides end-users with a simple mechanism to access and match against the latest US Treasury OFAC database for Patriot Act compliance â simply, easily and at no cost.
Asked about the rationale for providing such technology "free of charge" - Brett Hall Managing Director of enSynergy International responded â "enSynergy is leveraging itâs Enterprise technology to the desktop level in an effort to both broaden market awareness of itâs compliance product range as well as to assist middle tier financial services firms to grapple with the ever increasing operational burden brought about by increasing regulatory requirements."
enSynergy.com provides a complete range of integrated enterprise Wealth Management and Compliance products â including CRM; Compliance Workflow; Document / Content Management; Company / Trust Administration and Practice Management applications. enSynergyâs clients include Society Generale, Prudential Bache, Ernst & Young, RBTT and KPMG.