Products: Reference File Profiler (RFP) v1.0

Many organisations now have a regulatory obligation to ensure that they implement appropriate monitoring systems to identify possible money-laundering transactions and other categories of unusual transactions.

IDS' Reference File Profiler allows an organisation to verify a specific set of computer records against an external reference set. This may be performed at several levels such as matching company names, addresses, financial banking details, etc. against known black listed entities. For example, an organisation may wish to verify that proposed payments to external third parties do not include known illegal organisations as defined, by the US Treasury, known as the "OFAC" list.

IDS' practical approach to detecting unusual transactions ensures that organisations can implement a modular, transaction-monitoring system, evaluating and fine-tuning each transaction profile before developing the next one. The cost of implementing such is generally a fraction of the cost of many established money-laundering detection systems.

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