Nomino Data Enhances MRB Compliance
NominoData is unveiling its newly enhanced MRB Compliance due diligence solution powered by Senzing® software. Senzing is the first real-time AI for entity resolution.
“NominoData is excited about this partnership that will provide a turn key solution that will solve a problem that all banks are facing when it comes to banking Marijuana based businesses. Senzing’s matching and entity resolution screening solution is the perfect complimentary system to our robust Marijuana data product.” - Al McDonald, CEO and Founder, NominoData
The enhanced offering is a complete package of screening and linking capabilities integrated with the powerful NominoData MRB Compliance marijuana related businesses database that is easily deployable in environments with simple interfaces to customer files.
NominoData’s registered entities screening solutions benefit FI's by enabling investigators to obtain intelligence information pertaining to Sanctions, Negative News, PEPS, Corporate Beneficial Position & Registrations, Panama Papers /Wikileaks, Exchange Enforcement. Includes automated audit trail and case management. This tool is critical for ACAMS members.
Learn more about the enhancements:
Each module utilizes the Senzing® software configured with specific data feeds designed to meet specific BSA/AML needs. The Senzing software is a simple solution that was developed to assist Financial Institutions and Credit Unions to fully automate the MRB vetting process.
The federal government continues to modify its overall policy on prosecutorial principles and marijuana enforcement of unregistered entities. The decriminalization, legalization and approval for medical use currently stands at 33 states. As more states enact laws and approve various usage (Cultivators & Dispensing) of cannabis, the federal prohibition of cannabis will soon be adopted across the country.
The release of this enhanced software due diligence solution can be viewed in detail by downloading the Registered Entities Screening Solutions brochure here.