Fraud Detection Due Diligence For Added Security

Technology has changed the way business is conducted, making the completion of transactions simpler and faster than ever before. However, with those technological advances comes added security concerns and the possibility of fraud constantly looms in the background.
To assist in the battle against fraud, and conducted automatically with every NCC credit report, the Office of Foreign Assets Control (OFAC) security search alerts the user if the input name matches a name on the list of individuals and entities that are prohibited by the U.S. Treasury from conducting business in—or with—the United States.
OFAC results then clearly visible at the top of every report.
In addition, NCC performs additional due diligence to verify whether the consumer is the individual on the U.S. Treasury’s list.

 

Relevant information regarding compliance is also stored in the NCC system.

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