August 19, 2010, Wilmington, Del. – RDC, the undisputed leader in economic sanctions solutions, aggressively mines public source records across the globe for early warning indicators of sanctions-related risk, often giving clients months, or even years, of lead time by supplying detailed, fully sourced information on persons or organizations known to be or suspected of involvement with global drug running, terrorism, and proliferation well before entity names appear on global watch lists. Five years before US and UN authorities sanctioned terrorist figure Muthanna Harith al-Dari in March of this year, for example, multiple reports in GRID highlighted al-Dari’s alleged activity in support of terrorist groups and operations.
UN, EU, Canada, Australia and other US partners moved in recent weeks to impose tough new sanctions targeting Iran’s financial services, trade, transport, and energy sectors. Keeping its commitment to deliver clients comprehensive global coverage of sanctions-related risk, RDC has added over 107,000 new records on terrorism and another 78,000-plus on another critical sanction-focused subject, global narcotics trafficking, to its Global Regulatory Information Database (GRID™) since the first of the year. In keeping with best practices in data mining, RDC taps the talent of leading former senior law enforcement professionals in its ongoing efforts to continually seek out new public sources of terrorism information to include in GRID that will ensure clients have the benefit of the most comprehensive sanctions-relevant data.
In addition to the continuous capture of all entity names and aliases from the U.S Treasury Department’s OFAC sanctioned entities lists, RDC’s patented negative media processing system offers a treasure trove of fully sourced intelligence for conducting due diligence regarding individuals and entities on OFAC and other watch lists. The addition this year alone of over 186,000 new records on known or suspected terrorists and drug traffickers is a powerful force multiplier for the company’s arsenal of user-friendly and affordable tools to ensure clients meet the letter and spirit of international sanctions.
Long a leader in the U.S. OFAC and BSA/USA PATRIOT Act regulatory compliance space, RDC continuously updates its global public source archive of key US, UN, European, Canadian, and Australian watch lists including the US Treasury Department’s OFAC list, Australia's DFAT UNSC sanctions list, Canada's OSFI watch lists, the EU Consolidated List of Sanctioned Persons, Groups, and Entities, and more.
RDC’s flagship product, RDC Review, offers clients the option of daily portfolio monitoring to allow proactive mitigation of regulatory, financial, and reputational risk via the company’s state-of-the-art technology platform.
About RDC
Regulatory DataCorp Inc., also known as RDC, 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; and credit risk monitoring to a wide range of clients worldwide. Founded by 20 of the world’s leading financial institutions, today RDC is also a Bain Capital and Goldman Sachs portfolio company. For more information, call 888-533-1181 or visit www.rdc.com.
