Brewster, NY and New Orleans,
LA - In the wake of the events of 9/11 we learned that terrorist
organizations had profited by selling
airline stocks "short".
To be certain that they can not be financially victimized and to comply
with the requirements of the U.S. Patriot's Act, which prohibits financial
institutions from doing business with terrorist related organizations or
individuals, Pan-American Life Insurance Co. has equipped itself with ISTwatch©.
ISTwatch, an anti-terrorism software package, is part of Intelligent
Search Technology's line of advanced searching and matching software
products. With the ability to scan multi-million name databases in seconds,
including name variants, spelling variants, reversals, etc. this product
is a powerful tool for the detection of terrorists identified on the
Office of Foreign Assets Control (OFAC) list, the Denied Parties List
and the Canadian Office of the Superintendent of Financial Institutions
(OSFI) list.
For ISTwatch
special name searching services were created to handle problems that
arise from
data sources containing combinations of Anglo,
European and Middle Eastern names. For example, Middle Eastern last names
are frequently preceded by “Al” or “El” used
interchangeably and often concatenated. ISTwatch is designed to overcome
these problems while providing for successful retrieval of names like “Alice,” “Albert,” “Alderman,” and “Alexander” or “Al
Rasheed,” “Alharamayn,” and “Al-Kadr.” ISTwatch
intelligently overcomes inherent conflicts due to linguistic characteristics
of multi-national geographic regions.
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