Identity Resolution Daily Links 2007-08-30
[Daily Post from Infoglide Software] Why Banking Secrecy Act Compliance Officers Drink Maalox
“If you have a Latin, Muslim or Arabic name and your name is similar to a terrorist, it can cause you inconvenience, perhaps even financial hardship. But the next time you’re having trouble getting through airport security, it might amuse you to know that your name is causing fits among Bank Secrecy Act (BSA) compliance officers all over the world.”
FT.com: Banks braced for fines
“James Freis, director of the Financial Crimes Enforcement Network (FinCen), a division of the Treasury that investigates money laundering, said last month that ‘myths’ about big penalties for minor lapses in banking requirements should be dispelled and that federal financial regulators were making ‘great efforts’ to eliminate uncertainty about what they expect in a ’solid, risk-based,’ anti-money laundering programme.”
Information Today: New Database Pools Info to Fight Retail Crime
“According to NRF’s 2006 Organized Retail Crime survey, 81 percent of retailers said they have been victims of organized retail crime. Nearly half (48 percent) of those polled also have seen an increase in organized retail crime activity in their stores. With widespread adoption of the LERPnet system, retailers and society in general should begin to see real progress in fighting illegal activities, loss of merchandise, and the overall dangers and cost caused by criminal organizations. One blogger, who commented on the power of communication, wrote, ‘A lot of other industries and law enforcement agencies should follow this example.’”
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