NEW YORK, July 22, 2014 /PRNewswire/ -- IPSA International, an international investigative and risk advisory firm, is pleased to announce its membership with the Bankers Association for Finance and Trade (BAFT) and the International Financial Services Association (IFSA) as a Supplier Partner. The BAFT-IFSA organization is a leading global financial services association for international transaction banking that helps bridge solutions across financial institutions, service providers and the regulatory community in order to promote sound financial practices.
As a Supplier Partner member, IPSA looks forward to contributing red flags and experience with BAFT-IFSA to support their efforts in providing information covering a number of international regulatory bodies such as FATF, FFIEC, APG on Trade, Wolfsberg, UK-FCA, ICE, NDIC, JMLSG and more. Further, IPSA anticipates the opportunity to meet with other industry leaders and experts within financial institutions and governments to create meaningful partnerships and collaborate on global trade transaction issues facing companies.
IPSA's Project Lead Ehsan Valipay states, "Our work within the trade finance space and the development of OmniTrade software provides us with experience and information that we hope will prove beneficial to BAFT members by addressing trade finance issues and providing automation solutions."
The OmniTrade software, a powerful trade finance anti-money laundering solution, developed in partnership with leading software development company, Information Builders, was created to help financial institutions apply a risk-based approach that seamlessly connects Letter of Credit and Bills of Collections systems with traditional financial networks. As a result, banks can ensure regulatory compliance through monitoring trade transactions, flagging suspicious activity and alerting stakeholders upon incoming suspicious trade transactions. OmniTrade facilitates improved adherence to the anti-money laundering (AML) and counterterrorist financing (CTF) guidelines as set forth by the U.S. Treasury Department through the Financial Crimes Enforcement Network (FinCEN) and/or the Office of Foreign Asset Control (OFAC).
About IPSA International, Inc.
IPSA International, Inc. has a 20 year history of successfully completing complex multi-jurisdictional engagements in the areas of anti-money laundering, anti-bribery and corruption, investigative due diligence, and litigation support. Assignments include large-scale internal investigations, regulatory driven remediation and compliance reviews for Fortune 100 corporations, banking and financial institutions, and law firms. Our senior investigators and advisors deliver timely, accurate and defensible intelligence that supports our clients in making better informed decisions, ensuring compliance and mitigating risk. IPSA International has offices in the U.S., U.K., Canada and U.A.E., resources in over 75 countries and research capabilities in 20 languages.
SOURCE IPSA International, Inc.