High Intensity Drug Trafficking Area (HIDTA) and High Intensity Financial Crimes Area (HIFCA) Database File Solution for Financial Institutions Compliance Programs
Financial Institutions are required to incorporate HIDTA and HIFCA designated areas and counties into their compliance and risk rating programs. In response to this business requirement NominoData has created a data file that can be utilized to specially identify HIDTA and HIFCA listings primarily by zip-code along with State, County, City and Area-Code.
Meeting the challenge: The need to combat the trafficking of illegal narcotics and to fight financial crime is an important and necessary United States government program. Financial Institutions are a core member of this national public policy initiative. Compliance regulations and guidance mandate financial institutions to use HIDTA/HIFCA designations. The U.S. government dispenses this information by county in a variety of communication methods. NominoData recognized the need to consolidate the information in a data file that is easy for financial institutions to utilize in their programs.