Pay Lynxs/SimpliRisk

SimpliRisk, a product from Pay Lynxs, is designed for credit unions looking for an effective, intelligent, simple and flexible AML, BSA, and Watch List scanning solution that is affordable and easy to use.  The service assists financial institutions in automating their Anti-Money Laundering (AML), Bank Secrecy Act (BSA) responsibilities.  Additionally, the Watch List Module of the service supports scanning against OFAC SDN, OFAC Consolidated List, FinCEN (314a), and internal Blacklists.  Clients will upload files to SimpliRisk via an electronic file transfer (FTP).  After the transactions are uploaded, the SimpliRisk service will perform the scanning, analytics, alerts and related reports according to the services being used by the client credit union. SimpliRisk helps credit unions to have adequate risk rating and compliance controls in place to monitor member relationships.