Compliance Details

To increase service and the bottom line results, your credit union needs to focus on its core business. With CompuShare's extensive compliance tools, your organization is able to devote more time to service enhancing activities. The result is a more efficient use of time and resources and a more productive work environment.

Details

Photo ID

• Simplify and strengthen your customer identification program (CIP) with our Photo-Id module. With this software tool you can scan a member's photo or signature right into your member central information file.
  
  
• Once entered, Photos are directly accessible from OTC Posting or Account Inquiry.
  
  
• Empower your front line with instant identity checks and safeguard your membership while meeting record keeping requirements.

OFAC

• CompuShare's Treasury Match program involves a name recognition program that automatically screens new and existing accounts for names of SDNs.
  
  
• Although an automated program is not required by OFAC, the high volume of data generated by even small institutions makes manual checking virtually impossible. Treasury Match is included at no extra charge.
  
  
• The "Sounds Like" option enhances the search of matches between your membership base and the OFAC listing.

Bank Match

• The Welfare Reform Act of 1996, also known as (PRWORA) was designed to improve the lives of children. Under this Act, you are required to identify accounts of child support debtors through a match process.
  
  
• Complete compliance with this enforcement program is facilitated with a simple program that meets Method 1 and Method 2 reporting directives.

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