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AML Partners Review of NOMINODATA’S Check for Risk and Check for Risk Batch tools Date: June 2008 Reviewer: Frank Cummings and Mike Limato Finally someone truly understands the full risk picture. Check for Risk and Check for Risk batch, searches the world for Risk Relevant data on potential and current customers. Web based, no installs, up and running in minutes. Sound too good to be true? It’s not. Let’s break it down: Use www.checkforrisk.com, if you have a web browser and an internet connection you’re up and running. www.checkforrisk.com is a subscription based service; you simply input a person’s name or company name, ship or country, hit the return key and you don’t get millions of irrelevant pages, you only get back Risk Relevant Data. They have created their own search technology that knows what could represent risk to you. Check for Risk batch takes it to a whole new level. Copy and paste your customer list into a spreadsheet and hit process and it checks your whole customer base. The stored search is run automatically overnight and any new results are displayed right in the interface in the morning with the newest information right at the top. Now we can really look for reputational risk everyday with little to no effort. Here is the best part, as part of their service they allow you to tell them what additional web resources are relevant. I had one word to say when they demonstrated it to me and that was WOW! Remember, I said they search the world, now at last count they had over a 100 data sources, and yes they search the normal ones like OFAC, DEA, FBI, CIA, SEC and all the other alphabets and add a whole slew of International resources and key news sites. No one and I mean no one understands AML and ATF risk better than NOMINODATA and get this; a www.checkforrisk.com single user login costs a whopping $1000 per year. This is a tool that will save you tons of time on your AML exceptions, and God forbid look‐backs. Short and Sweet – They get Risk and they get what is relevant. You won’t find a better resource at any price. Frank Cummings and Mike Limato AML Partners LLC www.nominodata.com www.checkforrisk.com www.amlpartners.com Original article can be seen here: http://www.amlpartners.com/index_files/Documents/AML%20Partners%20Review%20of%20NOMINODATA.pdf |
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