Safe Banking Systems Software, LLC, a specialist solutions provider whose innovative approach to AML and compliance exposes hidden risk, today announced the introduction of SAFE List Archive. This unique offering from SBS enables subscribers to keep abreast of the dynamic stream of changes in sanction lists, internal lists and third-party lists. SAFE List Archive offers an historical archive of sanction reports, downloadable files, original, unedited source files and a full history â past and present â for all records.
âValidating and managing changes in various lists is a perpetual challenge for risk, fraud and compliance professionals,â said David Schiffer, president of SBS. SAFE List Archive provides a complete update history for each record in each sanction, third-party or institution-specific list along with a comparison of changes. It simplifies look-backs and offers an audit trail for regulatory agencies and internal compliance review.â
SAFE List Archive is accessed via a standard web browser through a secure SBS hosted website. Subscribers can download from an archive of reports and actual files for more than thirty global and industry specific sanction lists as well as for other relevant lists. OFAC updates are available as far back as February 2000. SAFE List Archive displays each listâs update with a comparison to the previous update, noting records that are new, changed or deleted. Record histories are displayed side-by-side for easy comparison. All data is original and unedited from the issuing government agency.
SAFE List Archive is a standalone offering under the suite of SBSâ SAFE List Management solutions, which also includes batch filtering and real-time transaction screening list management options.