The Electronic Payments Network, a private-sector automated clearing house, has an online demo showing how an institution can scan transactions for possible terrorists based on those free, public, and error-ridden text files.
sdn
How Banks Flag Ordinary Customers As Terrorists
By 4.10.07
The Washington Post has an article, “Ordinary Customers Flagged as Terrorists,” describing how the Office of Foreign Asset Control maintains a list of potential terrorist suspects, and how everyday citizens can wind up on it.
How Banks Freeze Terrorist Founds With A Free, Public, .TXT
By 1.13.07
A text file. That’s what banks use to freeze the assets of terrorists, drug traffickers, and nuclear weapons dealers. A dot txt downloadable from the U.S. Treasury website.
