Michael is the extended workbench of your compliance team. We carry your internal compliance standards into your employees' use of Michael. Below we explain how.
How
Can we stop one person acting alone on a large trade? Can each trader be limited to a set value? Can a sanctioned party ever reach a deal? Is every action logged? Who reviews the flagged cases?
Your company turns it on. Then one person cannot both create and approve a trade above the limit.
ARCO checks it against the published OFAC list at screening time, not a stored copy.
Each log entry carries a link to the one before it. Michael's operations team can search the log and export it to a file.
The Controls, In Order
We check each control below against the platform code, not against a slide deck. A green tag means the control runs today with no setup. An amber tag means your company must turn it on.
Your company sets a trade-value ceiling. Above it, one named person creates the trade and a second, different person must approve it. The system checks that the two people are not the same. The approval expires after 7 days. Nobody can reuse an old approval on a new trade.
Each of your traders gets a trade-value ceiling, set by your own company, in your own currency. A trade above the ceiling is either blocked outright or routed to the four-eyes approval step above, depending on your policy choice.
ARCO checks every counterparty against the published OFAC sanctions list at screening time. The platform hard-blocks trades that touch an embargoed country. It does not flag them for later review. A counterparty in a higher-risk region must clear a beneficial-owner check before anyone can create a trade with it.
The platform logs every action in order. Each entry carries a hash of the entry before it. A change to a past entry breaks the chain. Michael's operations team can search the log and export it to a file for your records.
A named Michael operations role sits on every trade, separate from the two counterparties. It handles flagged sanctions matches and disputed deliveries. It handles any case that needs a human decision. Michael's operations team staffs this role.
Related Compliance
Request a walkthrough and we will answer follow-up questions from your compliance and risk team directly.