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GlobalVision Systems, Inc.
Catherine Lew
818-998-7851 x128
New! Complimentary Webinar
Boost the efficiency of your regulatory compliance and risk management processes! See a
PATRIOT OFFICER® Solution Demonstration
September 9th from 1:00 P.M. to 2:00 P.M EST.
Overview
Following 9/11, all financial institutions are required to strictly comply with the Bank Secrecy Act, the USA PATRIOT Act and the requirements from Office of Foreign Assets Control and several other government agencies. The Federal Financial Institutions Examination Council (FFIEC) has officially published the BSA/AML Examination Manual which details regulatory requirements for financial institutions. Unfortunately, many financial institutions have received severe regulatory penalties due to their failure to comply with the BSA/AML Examination Manual.
Products/Services
Over the past 8 years, PATRIOT OFFICER® has become the de facto standard for passing BSA/AML examinations. It empowers credit unions to comply with the Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering, Anti-Terrorist Financing, Customer Due Diligence, Enhanced Due Diligence, Identity Theft Red Flags, OFAC, PEP, and other related regulatory requirements.
Company
GlobalVision is the largest independent BSA/AML/ATF solution provider in the US and is a privately-held company. It has 1,000 financial institution clients worldwide and more than 150 with over $1 billion in assets.
NAFCU Member-only Benefits
NAFCU members receive 20% off license fees.
Testimonials
"Arrowhead Credit Union utilizes the Patriot Officer automated BSA/AML solution for detecting, monitoring, and reporting CTR and SAR reports. It allows us to aggregate transactions from our two core systems into one system. It helps us to maintain internal controls for all reportable transactions through various channels as required by BSA regulations. It's a great system."
--Renee Hunt-Moore, VP, Compliance/BSA Officer, Arrowhead Credit Union (Core System: Jack Henry Symitar)
"Patriot Officer is an exceptional system that provides a fully-automated process for BSA/AML compliance monitoring. We no longer rely on employee expertise. With our Risk Model established in Patriot Officer and an interface with our data processor, ALL suspicious activity is captured. After a quick review of the batch, a couple of clicks of the mouse, the CTR/SAR is done! Patriot Officer is efficient and accurate, making our jobs easier."
--Danene Abbott, Branch Operations Administrator, Fresno County Federal Credit Union (Core System: Fiserv XP)
"Hughes FCU has been using Patriot Officer since June 2007. We met to set up rules to risk rate our membership. With a couple of hours on the phone and a little homework on our own, we can now submit a job to view our high risk members. The system is exceptional to review rules that members hit on and to incorporate that knowledge into our SAR filings. I really feel that Patriot Officer will give us a step up when the auditors arrive."
--Carla Craig, Vice President Operations, Hughes Federal Credit Union (Core System: Fiserve XP)
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