Firco List Service

Governments and official bodies such as the United Nations issue lists with thousands of entries for which financial transactions must be blocked. These lists change frequently, often several times per week. So how can you make sure the lists are implemented on time and to a standard that you don't miss the real alerts, without generating many useless alerts?

In response to growing demand from customers, Sword FircoSoft has developped a service offering to provide updated sanctions lists.

Firco List Service was designed in partnership with major financial institutions offering correspondent banking services, as they have to filter thousands of cross border payments each day.

Included in our offering is:

• Correcting the work of the governing bodies
• Enhancing the lists with important relevant data
• Checking entries in other languages by people who actually speak and understand that language
• Keeping the sanctions lists separate

Firco List Service will enable you to:

• Stay compliant with the lists published by governmental bodies
• Reduce the risk of list modification and improve productivity by automating the list update process
• Reduce or eliminate the risk of missing a true match
• Improve productivity reducing and testing the hit rate
• Improve service continuity and manage resources effectively
• Benefit from the experience and expertise of Sword FircoSoft
• Save the time and resources required to manually update and maintain the lists
• Import sanctions lists directly for use by Sword FircoSoft filtering engine

For more information on our Firco List Service, please contact listservice@sword-fircosoft.com