Collaborative and integrated
Sharetec has integrated Patriot Act requirements into the core system. An important part of this Act authorizes the Secretary of the Treasury to regulate financial transactions, particularly those relating to foreign individuals. Sharetec scans your database, both periodically and at the time you open a new account, to see if any of your member names match those on the list provided by the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) lists. If a match is found, it is reported to you.