Accurately Match Transactions to Watch Lists

Netrics Increases Compliance and Confidence

In the post 9-11 world, many businesses are required to report certain activites, and to refrain from doing business with entities deemed hostile to the interests or security of the nation. 

Financial services organizations need to worry about SDN and PML.  Manfuacturing and distribution companies have to check export controls including the Debarred Parties List, Terrorist Exclusion Lists, and OFAC Blocked Countries.  Transportation companies use "No-Fly".  At times, it seems, these lists have taken on a life of their own.  The "No-Fly" list, for example, contained 16 names on September 11, and grew to 20,000 in 2004.  Today, according to USAToday, it's up to 755,000 names.

Of course, the entities which are the subject of these lists will often try to circumvent them by varying the names and addresses under which they do business.  In part, the lists have grown precisely because they keep adding the variations and aliases used to circumvent detection. 

Netrics unprecedented power to detect fraud increases confidence that you've fully complied with requirements, while safeguarding security.  Automated matching in real time is no problem for Netrics, even as lists surpass millions of records.  And you can automate the process of deciding if a match has occured, reducing the number of false positives and negatives, and minimizing the number of transactions that require manual investigation.