GCS understands the rigors of establishing robust compliance programs, and with Nomindata's negative news and sanctions solutions, GCS will be able to offer our clients the best in class due diligence information solutions at an affordable price.
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Grand Cayman and Incline Village, NV (PRWEB) October 27, 2014
Global Compliance Solutions a financial crimes solutions company, today announced it has partnered with NominoData LLC, a technology company. The partnership is being formed to help clients with Negative News and Sanctions/Watchlists compliance and due diligence issues associated with modern day commerce. The collaboration will enable banks and financial services organizations throughout the Caribbean to better comply with anti-money laundering (AML), due diligence and "know your customer" (KYC) regulations.
The partnership will be featured at the Global Compliance Solutions AML/Compliance and Financial Crimes Conference October 23rd, 2014 at the Westin Resort Grand Cayman
Karen O’Brien founder and CEO of Global Compliance Solutions said, “GCS understands the rigors of establishing robust compliance programs, and with Nomindata's negative news and sanctions solutions, GCS will be able to offer our clients the best in class due diligence information solutions at an affordable price."
Nominodata's flagship solutions include CheckForRisk, PEPSplus and OFACplus, a comprehensive Sanctions management solution. GCS will leverage Nominodata's automated custom tools for negative news, database searches, OFAC screening and high-risk watch lists. The solutions will be offered to existing and future clients under the GCS brand.
"We know the challenges resulting from heightened regulatory scrutiny and Know Your Customer requirements," said Robert A. Goldfinger CAMS, President, NominoData. "As a former law enforcement official and banking official, I know how important it is to get relevant risk entity information into the hands of compliance analysts. Our solution combined with GCS’s understanding of compliance and client needs in the Caribbean, will bring a compelling value proposition to the market."
About NominoData is a technology company formed to help clients with worldwide identity, compliance and risk management issues associated with modern day commerce. Ranging from banks to multinational corporations, NominoData provides a combination of industry-leading technology on-line. Our founders harness their collective intelligence and leverage their expertise in Risk Management, Security, Search, Name /Entity recognition, data analysis and extraction into innovative and productivity-boosting products that revolutionize their field.
GCS is the leading outsourced compliance consulting company in the Cayman Islands. Servicing financial service providers locally and throughout the Caribbean, we specialize in Anti-Money Laundering, Compliance, Regulatory and Fraud Prevention services.
Our mission is to provide a comprehensive, economical solution to Know Your Customer (KYC) due diligence and other compliance issues relating to anti-money laundering regulations. GCS works with you as your compliance partner. Our comprehensive suite of services helps with all aspects of the role of a Compliance Officer and Money Laundering Reporting Officer and anti-money laundering (AML) training.
Media Contact: Robert A. Goldfinger for NominoData
Solutions Contacts: Karen O’Brien
CEO for Global Compliance Solutions 345-623-2127