KING OF PRUSSIA, PA – September 29, 2014 – Regulatory DataCorp, Inc. (RDC), the leader in decision-ready intelligence and risk and compliance services, today announced the addition of thousands of state-registered legal marijuana manufacturers, distributers, and dispensers into the Global Regulatory Information Database (GRID). The RDC GRID solution will provide enhanced insight into all risk-relevant information available about such entities in the public domain, giving clients the deepest insight into their customers and prospects.
The enhanced capabilities will allow RDC’s clients to identify, track, and continuously monitor such entities, allowing them to then apply the right level of due diligence based on their individual risk policies and in accordance with the guidelines issued by the Department of Justice and FinCEN in recent weeks. The RDC GRID will be continuously updated as new businesses get added or additional states create registries, and RDC clients can be assured that they will automatically be alerted.
”These product enhancements highlight RDC’s continued commitment to our customers to provide the best protection, as we help them navigate the changing regulatory landscape and ever-evolving risks” said Tom Obermaier, Chief Executive Officer of RDC. “RDC is constantly monitoring the regulatory environment to define solutions to the myriad of challenges that our clients face.”
RDC’s solution ensures that financial institutions and other organizations concerned about this business can fully comply with regulatory requirements by knowing which customer accounts require additional scrutiny. RDC’s solution suite is a powerful tool in assisting financial institutions with compliance obligations to safeguard against fraud, money laundering and a host of other risks, and avoid substantial penalties in the process.
RDC will discuss the capability of the enhanced RDC GRID solution at the ACAMS 13h Annual AML & Financial Crime Conference at the Aria Hotel in Las Vegas, NV – Booth 1311, on September 29 – October 1, 2014.
Global Regulatory Information Database (GRID) is the most comprehensive risk database of its kind, combining regulatory intelligence and adverse media into a single solution to your global diligence needs. The power of GRID lies in the cutting-edge diligence technology that underpins the database. This technology allows for advanced alert filtering, and risk scoring, specifically based on your risk definition. You benefit from dramatically improved quality and accuracy in your Know Your Customer (KYC) and third-party/vendor screening programs. For more details or information on how to access the RDC Edge solutions, please go to www.rdc.com.
Regulatory DataCorp, Inc. (RDC), the diligence technology company, delivers powerful, decision-ready intelligence and world-class risk and compliance protection, allowing global organizations to identify banned/suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect their brand equity. With the world’s largest open source risk-relevant database, RDC provides AML/KYC compliance; Politically Exposed Persons (PEP) protection; emerging market intelligence; corruption, fraud and crime protection; vendor screening and monitoring; to a wide range of clients worldwide. Learn more about RDC by emailing firstname.lastname@example.org or visiting www.rdc.com.
Ms. Caitlin Petre
(484) 688- 5275