The OFAC Reporting Module (ORM) is an easy to use tool that simplifies compliance with federally mandated requirements that monitor financial activity through U.S. financial institutions. Automatically pulling information from Premier, ORM matches account information against the Office of Foreign Assets Control (OFAC) database and generates a Suspect Match Report for any names requiring further investigation.

Further supporting your organization’s due diligence process, ORM’s browser-based inquiry enables you to complete inquiries using the OFAC Specially Designated Nationals (SDN) list prior to establishing new accounts or completing wire transfers.

Features

· Name Line Exclusions	· Audit & Log Reporting
· Audit & Log Reporting	· FinCEN Search Support

Name Line Exclusions
Suspect names reported but then cleared can be marked for exclusion from later ORM inquiries, eliminating unnecessary information on the Suspect Match Report.

Audit & Log Reporting
The ORM Log Program tracks all online inquires, and generates Log Activity reports to help you meet auditing requirements.

ACH Name & Bill Payment Verification
Through integration with the Paperless Item Module (PIM), ORM extracts both company and individual name information for comparison against the OFAC SDN list. Similarly, Bill Payment Module (BPM) integration enables your organization to analyze bill payment vendor names using the OFAC SDN list.

FinCEN Search Support
ORM automates the process of comparing names from the Financial Crimes Enforcement Network (FinCEN) with information from Premier Core’s Central Information System (CIS). Suspect Match reports are automatically generated, identifying any possible matches for further investigation.

For more on the OFAC Reporting Module, contact
Information Technology, Inc. at 402.421.4207.