FinCEN GuardDOG™ 314a Compliance Software

Under section 314(a) of the USA PATRIOT Act, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) is empowered to solicit confidential customer and account information from financial institutions. Because it has been incorporated into the Bank Secrecy Act, financial institutions must comply with these requests quickly and confidentially.

To comply, financial institutions must conduct a one-time search of records to identify any matches. These information requests are mandatory and only allow for a few days to respond. ATTUS Technologies' FinCEN GuardDOG™ software can simplify the process of fulfilling FinCEN requests quickly, easily and confidentially.

FinCEN GuardDOG™ is a comprehensive, cost effective software solution that eases the burden of checking your records against the FinCEN list—a secured list made up of individuals or entities that have been identified by law enforcement officials.

Because security is of utmost importance when handling FinCEN requests, ATTUS encrypts the list to prevent misuse.  Additionally, passwords are restricted to only authorized individuals in order to limit access to the information.

FinCEN GuardDOG™ allows for both single look-up and batch processing of account and transaction records. It provides both transaction and “hit” reports, which can be e-mailed directly to the reporting agency, and generates processing logs for auditing purposes. The program also offers review and resolve functionality to assist in the resolution of possible matches.

FinCEN GuardDOG™ is easy to implement because it supports every major processing system and all types of formatting.

Advanced Features:

• The list is encrypted so the names cannot be read
• Searches can be run as an individual look up or as a batch process running through all records
• Password protection limits usage only to authorized individuals
• Eliminates false positives through advanced search technology
• Transaction and hit reports help meet notification requirements quickly and easily
• Processing log proves institution is compliant
• Provides step by step procedures for confirming positive matches and understanding notification and record keeping procedures