Stripping is intentional misconduct that involves the practice of removing wire transfer information such as customer names, bank names, vessels and addresses. Because of the information removed from the wire, financial institutions are at risk of processing transactions that are not allowed by economic sanctions programs.

1. Firco Continuity- Stripping Detector
STRIPPING DETECTOR
Protect Against Risk and Fines
Stripping Detector Module Key Benefits
Detect stripping
before a
transaction is
processed
Reduce manual
effort currently
necessary to
stop stripped
transactions
Stripping is intentional misconduct, internal or external,
that involves the practice of removing wire transfer
information such as customer names, bank names,
vessels and addresses. A resubmitted payment will
not be stopped by the filtering engine if the information
removed was the information matching the sanctions
lists. Financial institutions that have been found to “strip
transactions” or removing payment information from
resubmitted payments may be subject to significant fines
and risks.
Stripping also leaves the global financial system
vulnerable to terrorists, drug lords and weapons dealers,
and deprives law enforcement investigators of vital
information used to track illegal activities.
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Protect your
financial
institution
against
risk and fines
With the risk of fines, penalties and a bank’s reputation at
stake, it is crucial that financial institutions have in place a
solution that can detect and block stripped transactions
before they can be processed.
Stripping Detector from
FircoSoft
FircoSoft’s Stripping Detector is designed to protect
financial institutions against processing payments that
have been purposefully altered. The solution is an add-on
to Firco Continuity, making it very simple to implement.
Designed to identify and block stripped messages in real
time, it has minimal impact on the filtering process or the
performance of the system.
Firco Continuity - Stripping Detector | 1

2. The solution can also be deployed with any watch list
filtering environment regardless of vendor or source files.
How Does it Work?
When a message is blocked or rejected by the sanctions
team, the transaction is stored in the database of
blocked transactions with a unique identifier code or
fingerprint assigned to each message.
The fingerprint is calculated on part of the message
that cannot be changed such as currency, amount,
ordering customer, beneficiary bank or other beneficiary
information. Rules to calculate the fingerprint are flexible
and easily customizable.
When a message enters Firco Continuity to be filtered,
its fingerprint is calculated. If that fingerprint matches
with one of the blocked transactions, the solution will
detect a “match” and the transaction will then enter
the Firco Continuity workflow for operator review and
decision.
What is Stripping?
Stripping is intentional misconduct,
internal or external, that involves the
practice of removing wire transfer
information such as customer names,
bank names, vessels and addresses
to prevent the filtering engine from
stopping the transactions. Because
of the information removed from the
wire, financial institutions are at risk
of processing transactions that are
not allowed by economic sanctions
programs.
Contact Us
Contact us today and learn how you can benefit from
reduced risk and increased protection against illegallystripped transactions being processed with our easily
deployable Stripping Detector.
Stripping Detector Schematic
Banking
Application
No : transaction is sent back
Manual Review for
Decision
Does the
fingerprint match an
alerted message
Yes : creation
of Stripping
Alert for review
Incoming
Transaction
Look-up
Database of Alerted
Messages
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Dedicated alert
review screen for
stripping alerts.
Allows to easily spot
differences between
initial and altered
transaction.
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