Launched in 2006, Alacra Compliance helps financial institutions and professional service firms implement a consistent and comprehensive process for Customer Identification, Know-Your-Customer, and Enhanced Due Diligence programs. The Interactive application is the web-based version that combines Alacra's sophisticated federated search technology with access to fee and free information sources. With Alacra Compliance Interactive, researchers can conduct searches on individuals or companies in Alacra's premium partners, such as Factiva and World-Check, and also in 600+ global regulatory websites – all in a single query.
The Compliance platform also offers researchers tools to annotate their findings, and package results and comments in a PDF report.
VIP's review opens with a discussion of the demanding and precarious nature of compliance-related investigations and explains how the productivity enhancing aspects of Alacra Compliance Interactive can benefit firms. Next, we showcase Alacra's search and reporting capabilities by moving step-by-step through the search, refinement, and document processes, taking screenshots along the way. Finally, the review takes an in-depth look into Alacra Compliance's content partners and licensing requirements.
Readers who want to improve their firm's compliance research process or who are interested in compliance issues should check out FreePint's May 2010 report: Regulatory Compliance Resources and the latest issue of VIP.
Readers who received FreePint's May 2010 Report: Regulatory Compliance Resources take note: the July issue of VIP Magazine (No. 80) features a detailed product review of the Interactive application of Alacra Compliance. Launched in 2006, Alacra Compliance helps financial institutions and professional service firms ...
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