A/P Check/ACH OFAC Match & Suspect Report (FPSDR334) |
  
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A/P Check/ACH OFAC Match & Suspect Report (FPSDR334) |
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Availability
This report can be run daily, monthly, or quarterly. This report lists the OFAC test results of payee names on the A/P Check/ACH records.
Purpose
The A/P Check/ACH OFAC Match & Suspect Report lists any matches found when the payee names on Check and ACH records are compared with OFAC (Office of Foreign Assets Control) names.
The payee name of a Check or ACH record is only 30 characters long, so the entire name is used in the OFAC search. A Soundex match is used on each word (name) in the field. The number of hits a name may get in OFAC is dependent upon the Proximity and Confidence levels that are set for you by GOLDPoint Systems in the report setup screen. The higher the Proximity, the more distant the words can be in the phrase. The Confidence level determines how much of the name must be present to match. The default levels are Proximity of 80 percent and Confidence of 70 percent.
See the following links for more information about this process:
Report Column Information
Heading |
Description |
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Client Number |
This is the client number where the check or ACH record resides. |
Bank Number |
This is the bank number the check or ACH was issued from. |
CK/ACH# |
This is the check number or ACH Control Statement Number that was issued. |
Create Date |
This is the date the check or ACH was created. |
Effective Date |
This is the date the check or ACH is effective. |
Status |
This is the status of check or ACH. If it is blank, then the check or ACH is paid. A V will show in this column if the check or ACH was voided. |
CK/ACH Amount |
This is the amount of the issued check or ACH. |
Vendor# |
This is the vendor number assigned to the payee name that is an OFAC match or suspect. |
Payee Name |
This is the Payee name used to compare against the OFAC file. |
OFAC Name |
This is the list of names and aliases that matched the Soundex of the Payee name. |
Below is an example of the A/P Check/ACH OFAC Match & Suspect Report sample showing Proximity 80% and Confidence level 70%:
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GOLDPoint Systems Only: Misc Opts 1 is used to override the default Proximity level.
Misc Opts 2 is used to override the default Confidence and Variable Confidence levels.
Misc Parm is where the Proximity, Confidence and Variable Confidence levels are set. It must always be in the format P=XX, C=XX, V=XXXXXXXX, where XX = the percent level to set. The lower these levels are, the more hits you will get on the Soundex of the individual name. The percent should never be below 50. Recommended levels are between 60 and 80 percent.
The Variable Confidence levels are used only if Misc Opts 2 is set and the Confidence Level is zero, C=00.
The Variable Confidence level is tested according to the number of names in the OFAC name and the number of names in the Source (Payee Name). The default value indicates that if the OFAC name has two names, it must match two names in the Source (Payee Name).
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