Incline Village NV (PRWEB) May 16, 2015
HIFCA and HIDTA Compliance and Risk Rating Zip Code Database Now Available from NominoData
Press Release: NominoData LLC Incline Village NV
We are pleased to announce the release of our newest version of HIFCA and HIDTA zip code database file for $399.00 and update subscription service for $799 annual. This price is for enterprise wide use!
NominoData has taken all the HIFCA/ HIDTA designated counties by state and mapped those counties back to Zip Codes and Area Codes. This mapping benefits the financial institution by enabling compliance and risk scoring officers to identify designated areas in an efficient matching process with customer identification files (CIF) or where ever HIFCA HIDTA risk scoring is required in KYC or EDD.
This data presentation is not available from any .gov website and is a much needed resource for financial institutions to track and risk score HIFCA/HIDTA matches.
Once the file is accessed, compliance officers can quickly assign a low, medium or high risk score based on the zip code/area code results and the risk measurement values of their respective financial institution. Below is an extract guide from FFIEC:
HIDTA/HIFCA –Banks location in high-intensity drug trafficking area (HIDTA) or high-intensity financial crime area (HIFCA) and volume of activities in these areas
The bank is not located in a high-intensity drug trafficking area (HIDTA) or high-intensity financial crime area (HIFCA). No fund transfers or account relationships involve HIDTAs or HIFCAs.
The bank is located in an HIDTA or an HIFCA. Bank has some fund transfers or account relationships that involve HIDTAs or HIFCAs.
Bank is located in an HIDTA and an HIFCA. A large number of fund transfers or account relationships involve HIDTAs or HIFCAs.
NominoData also offers data and solutions for Negative News, Sanctions/Watch-lists and PEPs.
Please contact sales(at)nominodata(dot)com for more information or call +1 775 384 8554x1 additional information can also be provided by Robert A. Goldfinger CAMS CFS President NominoData rgoldfinger(at)nominodata(dot)com