Who uses SimpliRisk service?
SimpliRisk is used by financial institutions for transaction monitoring, risk rating and watch list scanning, including OFAC scanning, FinCEN, and Exclusion List scanning. |
What does SimpliRisk do?
SimpliRisk supports the automation of AML/BSA requirements with transaction monitoring, risk rating and watch list scanning. SimpliRisk also supports OFAC scanning for payments (ACH, Wire), vendors, account holders (i.e. database scan), and quick scan for on demand requirements like new accounts, cashier's checks, etc. |
Do I have to install any software or buy hardware to use SimpliRisk?
No, SimpliRisk is a hosted, software as a service (SaaS) solution. |
How much does it cost to use?
SimpliRisk is a very affordable platform and is priced according to the number of members / customers that hold accounts with you. You will pay a flat monthly subscription fee to use the service. |
How do I enroll in the service?
From the log in page, you can proceed to the online enrollment. You will need to acquire your activation code by calling the number on the log in page. If you are going to use OFAC scanning, you can enroll and start using the service on the same day.
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Can I call someone if I have more questions?
Yes, please see out |
