Bank Secrecy Act and USA PATRIOT Act Compliance Solutions:

COCC offers centralized, automated processing to help meet regulatory needs. These services streamline time consuming and burdensome requirements while delivering the documentation necessary to comply with regulations.

• Anti-Money Laundering
  • COCC, the leader in technology services for financial institutions, has partnered with STB Systems, the leader in compliance and regulatory automation to provide the leading anti-money laundering solution available today. For more information, please click here.
• Watch List Monitoring
  • Web site lookup capacities to query the most recent government databases at the time of account opening
  • Daily comparison of customer name file (person and organization) against up-to-date OFAC, FinCEN and other required lists
  • Full database match processing whenever new lists are distributed by government agencies
  • Summary reports for documentation of matches and queries
• Customer Identification Program (CIP)
  • Validation rules for account opening procedures
  • Online CIP form
  • Exception reporting
  • Documentation of all customer and organization data
  • Record retention compliance
  • Full database match processing whenever new lists are distributed by government agencies
  • Summary reports for documentation of matches and queries