Terrorism
PATRIOT Games
Its not a movie plot: The MIBs new data can help you fight terrorism.
Its pretty easy to check the FBIs 10 Most Wanted list, but how about the Special Designated Nationals and Blocked Persons list developed by the Office of Foreign Assets Control (OFAC, at www.treas.gov/ofac)? Currently numbering more than 5,000, it includes the names of foreign agents, terrorists, and narcotics traffickers. It was developed as part of the USA PATRIOT Act (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorismand no, were not kidding) approved by Congress in 2001.
The MIB Group (www.mib.com) has incorporated the OFAC list in its Checking Service database under a newly-developed code that alerts life insurers when a name being researched is similar to a name on the OFAC list. At that point, it is the insurers responsibility to follow up on the information, said Jay Cook, CEO and chief visioneer for MIB. An alert does not mean that the person is the individual on the OFAC list. It means the insurer might need to look more closely at the applicant.
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