ACE has a range of sophisticated products for enterprise wide STP, AML, EAI and Fax solutions. The product portfolio is grouped into five main groups Real-Time Cash Management, STP Toolkit™ e@i Toolkit™ AML Toolkit™ and Fax Toolkit™. Our solutions can also be "Web enabled" via our WEB Assistant module.

They are also SWIFT ADK compliant as well as SWIFTNet compliant for Browse, Interact and FileAct. Our products are business driven and help the business and IT departments to develop sophisticated systems across the entire enterprise. The design concepts for all product groups are modular providing maximum flexibility and allowing our customers to pick and choose the modules and components that best suit their needs.

OFAC Guard™

OFAC Guard™ is a specialized product from ACE Software Solutions to enable compliance with the Blacklist regulations from various authorities such as U.S. Treasury’s Office of Foreign Assets Control (OFAC), Financial Action Task Force on money laundering (FATF/GAFI), etc. OFAC Guard also ensures compliance with FATF Special Recommendation VII and NACHA’s latest International ACH Transactions (IAT) rules.

OFAC Guard™ uses intelligent natural language processing features to quickly and accurately scan financial messages for all types and formats. It intelligently identifies blacklisted entities in transactions and highlights them before you can process those transactions. This enables you to take adequate measures towards ensuring regulatory compliance and consequently, avoid high penalties.

Key features

• Intelligent recognition of entities using extensive knowledge base and language parsing techniques like spelling correction and morphology
• All types of financial transactions and messages (SWIFT, Telex, E-mails etc.) can be scanned to ensure that the blacklisted entities are not involved.
• If any of the blacklisted entities or countries are found, then the message is flagged for special processing.
• All supporting information, to manually verify if the flagged entity is really blacklisted or not, is available to the user.
• Identification of all entities and countries is based on the names published by authorized sources, even with misspellings, abbreviations and BIC codes. This process is based on the advanced natural language, pattern matching and conceptual parsing techniques used by STP Toolkit.
• OFAC Guard™ also supports direct import of OFAC published SDN, SDGT files along with aliases (a.k.a. lists). This information can be edited, enhanced and incrementally added to by users.
• Product installation includes the run time software GUI, administration and monitoring tools, financial and Knowledge Base and provision of the latest OFAC, SDN/SDGT lists.