Customer Information:
Periodic review for Genisys Controls LLC.
This entity was adjusted to HIGH-HIGH in April of 2017 due to a risk level fluctuation derived from the normal transactional activities. As a result from these transactions, multiple SAM alerts have triggered and were closed without further investigations. The activities have been deemed normal business operations.
Genisys Controls LLC-The company sells natural gas compression controls and engine controls and fuel systems.
Relationship Review: Genisys Controls LLC has been a BOKF customer since 11/14/2016 with six accounts for general operating purposes.
Master Account. Credits: Internal transfers in from BOKF account, lockbox credits, international wires from multiple companies, check deposits …show more content…
Credits: ZBA transfers. internal transfers in from BOKF account. Debits: checks written on the account for operating expenses.
Payroll Account. Credits: ZBA transfers. Debits: ACH transfers to operating account, checks written on account for salary/payroll, IRS tax payments.
Benefits Claims. Credits; ACH transfers from operating acct and ZBA transfers. Debits: ACH payments to operating accout and check benefit payments.
Benefits FSA. Credits: ZBA transfers and ACH payments from UMR Inc. Debits: ACG transfers to UMR, small distribution checks.
ACBS Loan - As of 03/08/2017, the credit limit increased from $1,600,000.00 to $3,000,000 due to the Company changing its vendor payments from checking to ACH. The ACH line is used to support payroll disbursements and accounts payables.
No negative news was found through the use of search engines performed in World Compliance, LexisNexis, and Google Search.
Review Results: Genisys Controls LLC engages in business transactions with companies located in the US and all over the world. These counter-parties who are, by the industry types listed in entity names, commensurate to our client line of business and are reasonable business
Periodic review for Genisys Controls LLC.
This entity was adjusted to HIGH-HIGH in April of 2017 due to a risk level fluctuation derived from the normal transactional activities. As a result from these transactions, multiple SAM alerts have triggered and were closed without further investigations. The activities have been deemed normal business operations.
Genisys Controls LLC-The company sells natural gas compression controls and engine controls and fuel systems.
Relationship Review: Genisys Controls LLC has been a BOKF customer since 11/14/2016 with six accounts for general operating purposes.
Master Account. Credits: Internal transfers in from BOKF account, lockbox credits, international wires from multiple companies, check deposits …show more content…
Credits: ZBA transfers. internal transfers in from BOKF account. Debits: checks written on the account for operating expenses.
Payroll Account. Credits: ZBA transfers. Debits: ACH transfers to operating account, checks written on account for salary/payroll, IRS tax payments.
Benefits Claims. Credits; ACH transfers from operating acct and ZBA transfers. Debits: ACH payments to operating accout and check benefit payments.
Benefits FSA. Credits: ZBA transfers and ACH payments from UMR Inc. Debits: ACG transfers to UMR, small distribution checks.
ACBS Loan - As of 03/08/2017, the credit limit increased from $1,600,000.00 to $3,000,000 due to the Company changing its vendor payments from checking to ACH. The ACH line is used to support payroll disbursements and accounts payables.
No negative news was found through the use of search engines performed in World Compliance, LexisNexis, and Google Search.
Review Results: Genisys Controls LLC engages in business transactions with companies located in the US and all over the world. These counter-parties who are, by the industry types listed in entity names, commensurate to our client line of business and are reasonable business