ISO Provides Clms DB Solution for Treasury

Thursday, November 20th, 2003 Technology

Insurance Services Office, Inc. (ISO) has expanded its suite of compliance products to help insurers and other businesses comply with the requirements of the U.S. Treasury‘s Office of Foreign Assets Control (OFAC). ISO‘s new OFAC Enterprisewide solution is designed to search for and detect payments to organizations or individuals involved in terrorist activities, international narcotics trafficking and other organized crime, or activities related to the proliferation of weapons of mass destruction. The ISO solution can be used by any department within an organization, such as human resources, accounts payable, underwriting and others, to search lists against the OFAC watch list of Specially Designated Nationals and Blocked Persons.

---

http://www.insurancejournal.com/news/newswire/national/2003/11/20/34294.htm

---