Wire Transfer Submission

Member initiates wire with OFAC/sanctions screening and compliance verification.

CUSTOMER INITIATES VIA Phone

Member calls the wire department to send funds to another bank for a beneficiary.

Member Service Rep: "Send $5,000 wire to John Smith at their bank"

Verifies, checks limits, screens beneficiary against OFAC/sanctions, submits. 2-3 min vs 15-30 min.

⏱️ 2-3 min | 🛡️ Sanctions check | 📋 AML compliant

85% faster submission (2-3 min vs 15-30 min)

100% OFAC/SDN screening compliance

Zero missed sanctions hits

Complete AML audit trail on every wire

01 — Account & Limit Verification

Checking wire limits and account balance

Member has sufficient balance and wire allowance. ✓ Approved

02 — Beneficiary Screening

Running OFAC/sanctions screening

Checks beneficiary name and bank routing against OFAC, Specially Designated Nationals list. Zero matches.

03 — Compliance Gates

Verifying AML policy compliance

Transaction amount, frequency, and pattern reviewed against policy. Green light.

04 — Wire Submission

Submitting to Federal Reserve

Wire submitted to Federal Reserve processing system with full audit trail.

Priage Response

Wire $5,000 submitted for processing.
Beneficiary: John Smith
Reference: WIR-20260901-4521
Expected delivery: Same day

This is one workflow. See how the same framework applies across your institution.

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