NominoData LLC Launches CheckForRisk for Real Estate Professionals

Online, November 30, 2009 (Newswire.com) - INCLINE VILLAGE, NEVADA, December 01, 2009 -- As Real Estate professionals come across more residential transaction red-flags during Real Estate purchases, closings and settlements, it is more important than ever to have an instantaneous on-line tool to CheckForRisk.

With over 580,000 residential real estate transactions occurring each year in the United States, the real estate sector is vulnerable to money laundering schemes, identity theft, fraud and terrorism financing as money launderers have used real estate transactions to attempt to disguise the illegal source of their proceeds.

Today, NominoData LLC announced the introduction of CheckForRisk for the Real Estate community, an advanced risk relevant search engine to help in the due diligence process and be aware of who Real Estate Professionals are really doing business with.

"We are excited to expand our CheckForRisk brand to encompass the Real Estate marketplace. This product gives the risk prevention advantage that most real estate specialists are not aware exists. CheckForRisk is a very powerful hyper-targeted data mining system that we sell to banks and financial institutions to help them perform enhanced due diligence," said Al MacDonald, NominoData LLC Chief Executive Officer and Founder.

Everyone in the Real Estate sector can utilize CheckForRisk to discover risk exposure of individuals and corporations that they interact with on a daily basis whether in a business setting, social venue or personal level. CheckForRisk includes a wide range of National and International risk sources including watch lists such as OFAC, UN, OSFI as well as a large array of negative media, law enforcement press releases, arrests, convictions, identity theft and exchange enforcement releases.

"As the real estate industry is highly vulnerable at all stages of the process to fraud by virtue of dealing with high value products which can result in substantial financial loss as well as reputational damage. CheckForRisk searches the World for Risk Relevant data on potential partners, friends, prospective business clients or family members while providing the subscriber with up-to-the-minute access to financial crime activity in its early stages", said Jeff Balkus, Business Development Manager for NominoData LLC.