ERMtools™ is a software application designed for banks to effectively
identify and assess areas of potential risk with respect
to BSA/AML/OFAC compliance.
ERMtools™ is structured in accordance with the criteria for
risk analysis as specified by the FFIEC manual, and is built
to import data from your bank’s native Currency Banking Retrieval
Systems (CBRS) and/or Currency Banking Query Systems (CBQS).
Use the following links to see
screen shots and learn about each feature in detail:
Background information about the ERMtools™ product with respect to
regulatory complaince can be found
HERE.
For reports derived by jurisdictional comparisons of
Countries
(including Foreign/Domestic groupings), ERMtools™ uses standard country code
identifiers as published by the International Organization for Standardization.
For more information, see:
ISO 3166: English Country Names and Code Elements
http://www.iso.org/iso/en/prods-services/iso3166ma/02iso-3166-code-lists/list-en1.html
Risk levels for Countries/Jurisdictions used by ERMtools™ are
provided by The United States Department of The Treasury -
Office of
Foreign Assets Control (OFAC).
http://www.treas.gov/offices/enforcement/ofac
For reports derived by comparisons among account business/industry types, ERMtools™
uses the
North American Industry Classification System (Revisions for 2002)
as published by the United States Census Bureau. For more information see:
U.S. Census – NAICS 2002
http://www.census.gov/epcd/naics02/