Group 1 Software, Inc., a Pitney Bowes Company (NYSE: PBI), today announced the launch of Global Sentry(TM), an automated solution that works in conjunction with a customer's existing applications to monitor incoming transactions and identify customers who may be on U.S. and international watch lists, such as those maintained by the U.S. Office of Foreign Assets Control (OFAC).

"Around the world, governing bodies are becoming ever more vigilant in monitoring the movement of funds associated with known criminals, including terrorists and drug traffickers, among others," said Jay Bourland, vice president and general manager of Customer Data Quality and Data Integration for Group 1 Software. "As part of these efforts, governments are cracking down on companies who do business with designated countries, individuals and organizations on published watch lists. Failure to compare customer information against these watch lists can lead to public embarrassment, damage to brand equity, significant fines, and lawsuits."

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access