1. AML / BSA Monitoring
Ocean Systems offers The Enhanced Compliance Solution (ECS) as a comprehensive and
detailed AML monitoring software system designed for the specific use of anti-money
laundering and guiding financial institutions in complying with PATRIOT Act regulations. In
fact, the ECS system analyzes transaction activity throughout all modules by utilizing statistical
methods in order to identify and prevent fraudulent behavior.
The following modules are utilized collectively within the ECS to secure and protect account
information and activity:
● Customers / Relationship / Account
● Cash Activity / Transactions
● Alerts / Reports / FinCEN
● Wire Analysis / Case Management
● KYC / EDD Information
Customers / Relationship / Account – ECS uses the customer information from the core
banking system to monitor the relationship between customers and accounts. Related parties
assigned to an account such as signers, beneficiaries, trustees and others are also secured in ECS
for monitoring and evaluation. All associated accounts are brought in from bank’s core
processing system. This information includes account name, type, status, officer, account risk
and much more.
Cash Activity / Transactions – The ECS Cash Activity module captures and analyzes all cash
activities individually to monitor the regulatory amount of cash deposited and withdrawn. This
includes mixed deposits. All transactions imported from the bank’s core processing system are

2. brought into ECS while secondary processes maintain additional transaction details for Wires,
SWIFT, Itemized Checks and Cash Activity.
Alerts / Reports / FinCEN – The ECS AML software allows for alerts to be automated directly
to either a specific user or group to protect the account from fraudulent behavior by utilizing
statistical analyses configured through the BSA Compliance Group. Reports are generated to
retrieve and monitor activity information. Results may be stored in various formats. In addition,
specific parameters may be used for pre-defined queries. Lastly, FinCEN 314A is a bi-weekly
search embedded within ECS functionality. All matches which are not in accordance to customer
information and activity are displayed.
Wire Analysis / Case Management – Wire activity is obtained from the wire transfer system
Wire Activity Analyzer inspects detailed account information from wires received from
beneficiaries, originators, countries and correspondent banks. Configuration for wire analysis
allows for wire activity to be disclosed under selected criteria. Case Management is integrated
within ECS by grouping events, notes and user reviews to accommodate the filing of any case
under review. These groups include Watch Lists, Special Investigations, Subpoenas, and SARS.
KYC / EDD Information – The ECS supports Know You Customer (KYC) and Enhanced Due
Diligence (EDD) information. This information is used for thorough monitoring and analysis to
ensure authentication and anti-money laundering. Through account profiling in accordance to
KYC and EDD information, fraudulent behavior is immediately detected.
Bio: Since 1991, Ocean Systems has been proven leaders in software compliance solutions by
providing specialized, comprehensive and advanced software compliance platforms to prevent
fraudulent behavior. Ocean Systems advances their goal in connecting experience, creativity and
technology to provide secured banking and financial solutions in compliance with corresponding
sections of the US PATRIOT Act. Visit us online today to learn more.
Summary: The AML / BSA Monitoring system ECS or Enhanced Compliance Solution is
briefly outlined by correlated modules which work together to monitor and secure account safety
by monitoring wire activity in compliance with the US PATRIOT Act.
Keywords: AML software, wire transfer system, compliance monitoring, OFAC compliance,
AML monitoring software, anti-money laundering, federal reserve wire transfer, anti-money
laundering software, OFAC screening