Latest version of OFAC Guard from ACE delivers more accurate - ACE Software Solutions, provider of intelligent payment, AML and STP solutions for the financial sector today announced the latest version of OFAC Guard addresses an advanced solution for the Financial Action Task Force (FATF) regulations SR VII. The OFAC Guard can be used standalone or integrated with other ACE solutions and ensures more effective AML and message filtering for originating, intermediary and beneficiary banks. Worldwide regulations aimed at intercepting and stopping the flow of terrorist funds is placing an increasing burden on many banks. However, many filtering systems lack the flexibility and intelligence to deal with the most recent compliance and reporting regulations, for example FATF Special Recommendation VII which aims to ensure that basic information on the originator of wire transfers is present and immediately available. OFAC Guard intelligently recognizes the contents of a payments message to verify the originator information is both meaningful and accurate.