Anti Money Laundering

PEOCIT has partnered with FircoSoft which is a well known and recognised market leader of watch list filtering solutions and is part of Accuity, the leading provider of global payment routing data and anti-money laundering solutions to banks and businesses worldwide. Owned by Reed Business Information (RBI),
a division of RELX Group, Accuity’s quality sanctions watch list data combined with FircoSoft’s powerful transaction and customer screening solutions deliver exceptional risk and regulatory protection to customers around the globe.

FircoSoft has Over 770 customers including 8 of the world’s top 10 financial institutions rely on FircoSoft to filter transactions and customers against
sanctions and PEPs lists to ensure compliance with regulations on terrorist financing, embargoes and FATCA, and meet Know Your Customer (KYC) and customer due diligence (CDD) requirements. Since 2000, FircoSoft has been ranked #1, best-of-breed, and received numerous accolades and industry recognition for
its watch list filtering solution by many organizations and analyst firms including AITE, Celent, Chartis and the CEB TowerGroup.

PEOCIT has strong partnership ( http://www.fircosoft.com/peocit/ ) with FircoSoft and we have sold/implemented product at one of the largest private bank in India and others for Real-Time Swift Payment screening against sanctions within Swift Alliance where the messages are intercepted thru ADK. PEOCTY team has sound understanding on swift system.

Firco FATCA: Built on FircoSoft’s strong expertise of KYC and compliance controls, Firco FATCA is designed to manage the complete FATCA requirement lifecycle including data acquisition, remediation, on-boarding, due diligence and reporting.

Firco Continuity: Firco Continuity is FircoSoft’s flagship real-time transaction screening solution designed to ensure compliance and detect and block transactions including listed parties. The solution accepts any transaction format and will determine in milliseconds if there are names, companies, vessels, addresses or specifi c codes that match the blocked-parties lists selected.

Firco Trust: Firco Trust is a customer and entity screening solution that combines filtering intelligence with high performance processing capabilities.
With Firco Trust, users can fi lter existing and new customers, counterparts or benefi ciaries against any sanctions, PEPs/FEPs or negative news lists.