Equifax 2002 Annual Report Download - page 19

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in 2000, Equifax was selected to manage and
consolidate thousands of global lists of high-risk
individuals as well as develop delivery systems
for this important tool in the fight against
terrorism. GRID provides the largest single
source of publicly available global risk informa-
tion. With daily monitoring, financial institutions
and other businesses can identify potential
money laundering, fraud, corruption and organ-
ized crime schemes by screening individuals
and entities against thousands of publicly
available data sources. Indeed, screening is so
critical that financial institutions will spend
approximately $10 billion on these initiatives
over the next three to five years.*
THE EQUIFAX DIFFERENCE
Our screening products, such as eIDverifier and
OFAC Alert, as well as the security solution of
GRID, are excellent examples of the types of
information products needed in the security and
compliance area – comprehensive, easily inte-
grated, affordable, timely and convenient. These
product attributes help make safeguarding our
society a practical and more effective reality.
15
Equifax was selected to manage and
consolidate thousands of global lists of
high-risk individuals as well as develop
delivery systems for this important tool
in the fight against terrorism.
*Source: Anti-Money Laundering Report, Celent Communications, September 2002.