Identity Resolution Daily Links 2007-09-19
[Daily Post from Infoglide Software] Union Bank of California Forfeits $21M, Fined $10M for BSA Violations
“So they received a warning, took a year to fix all the compliance issues and they were still penalized? The Monday morning quarterback in me would hazard to guess that Union Bank’s compliance officers went into high gear when they were warned. Union Bank is the nation’s 27th largest bank and they’re not stupid. I’m sure they did everything in the power to comply with the BSA, but the law as it stands is too ambiguous.”
ComputerWorld: House committee chair wants info on canceled DHS data-mining programs
“Bennie Thompson (D-Miss.), chairman of the House Committee on Homeland Security, has asked Department of Homeland Security Secretary Michael Chertoff to provide a detailed listing of all IT programs that have been canceled, discontinued or modified because of privacy concerns. He also asked for details on the amount of money the DHS spent on each program, the names of contractors who were awarded the projects, and information about the measures being taken to address privacy issues.”
FrontPage Magazine: Terror Criminal Links Growing
“The former International Monetary Fund (IMF) managing director, Michel Camdessus, estimated that money laundered worldwide 1999, totaled between 2% and 5% of combined gross domestic product (GDP)—or approximately $1.8 trillion. By April 2006, the IMF’s World Economic Outlook estimate of the world economy was $65.174 trillion. Considering the rise of radical Muslim terrorist groups, and the dramatic increase in ‘ordinary’ crime, as well as major technological advances, it is now estimated that at least $5 trillions are being laundered annually, 70% are thought to be generated from the illegal drug trade.”
Homeland Security Watch: Show Me the Money - and More
“Technology is in great need at DHS, but the budget is far smaller than anything similar at DOD. Hence the market forces that came for coffee this morning. An underlying assumption made explicit by almost every panelist was that the most successful technologies for homeland security will require a commercial application.”
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