Reinforced regulations on illegal trafficking to fight money laundering and terrorist financing put strong pressure on financial institutions in the Middle East, where banks, insurances and brokers keep improving compliance with international AML regulations.
AEG and FircoSoft joined forces to offer OFAC-Agent Suite, a state-of-the-art watchlist filtering solution, to Middle East financial institutions. OFAC-Agent Suite eliminates the risk of processing illegal transactions and detects high-risk financial customers. It offers efficient real-time transaction filtering and Customer Information File filtering, and has been ranked best Watchlist filtering solutions since 2003 (source Celent). Thanks to AEGâs active presence in the region, OFAC-Agent Suite penetrated the market and imposed itself as the key watchlist filtering solution in the Middle-East, totalizing, with AEG, 14 deployments in 14 months, with the most prestigious financial institutions of the region.