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Mind Over Machines Solution Fights Terrorist
Financing Owings Mills , MD – June 5, 2007 - Mind Over Machines, Inc., a web applications provider to government and commercial clients, announces FinCEN Alert – domain expertise and technology that helps businesses comply with recent Department of Homeland Security (DHS) regulations. The Financial Crimes Enforcement Network (FinCEN) safeguards America’s financial systems from the abuses of financial crime, including terrorist financing and money laundering, and enforces provisions of the Patriot Act requiring companies to confirm that their business associates are not on any of multiple terrorist watch lists. Initially focused on financial institutions, DHS has now expanded the scope of FinCEN to include certain other businesses. Law firms and companies with similar fiduciary relationships are now being examined, others will follow. For companies that deal with many clients, business partners, and investors, compliance is a daunting and potentially costly ordeal fraught with risk. Mind Over Machines recognized the opportunity, developed expertise, and created an innovative and cost effective technology solution. The company has successfully implemented FinCEN Alert at a large national firm. "There are at least a dozen separate Terrorist Watch databases," says Tom Loveland, CEO of Mind Over Machines, "containing thousands of names with new names added regularly. For companies dealing with thousands, or tens of thousands, of business associates, the matrix expands exponentially. Add FinCEN's sense of urgency and the need for an automated solution, today, is extreme." FinCEN Alert allows client staff to perform ad hoc searches – against every terrorist watch database in a single transaction – as new business associates are acquired. In addition, the system regularly reconfirms the status of associates as terrorist watch databases are updated with additional names. FinCEN Alert, Server Edition, provides an even more cost-effective solution for businesses that need to perform in excess of one million searches per year. About Mind Over Machines Mind Over Machines is a different kind of information technology firm. Not only do we solve your current challenges, we internalize your business to invent strategic enterprise applications — delivering you to the forefront of the competition. We never lose sight that business is the reason IT exists. Mind Over Machines has gained national recognition for on-time, on-budget projects involving web application development and integration, systems integration, program management support, and e-Government and e-Business solutions. Over its 20-year history, Mind Over Machines has served hundreds of clients including IKEA, Johns Hopkins University, the National Institutes of Health, and National Registered Agents. Half of the Top 50 U.S. law firms and many Fortune 500 companies use Mind Over Machines solutions. Visit www.mindovermachines.com for more information. |