How Business Beats the Bad Guys.
VENTURA, Calif.--(BUSINESS WIRE)--Oct. 24, 2001
In a new effort to help U.S. businesses improve security, California-based Commercial Business Intelligence Inc. is offering access to an on-line database of the "alert" lists compiled by such agencies as the FBI, U.S. Treasury and Interpol.
VCDatabase.com meets rigorous Federal standards -- enforced by the Treasury's Office of Foreign Assets Control (OFAC) -- which requires U.S. businesses to check on foreign companies and individuals with whom they do business or exchange currency.
The site not only includes the 'most wanted' lists of Interpol and the FBI but also other sources identifying individuals and companies across the globe suspected of involvement in terrorism, drug-running, money laundering and illicit arms sales.
CBI, based in Ventura, Calif., says it can also provide companies with direct access to little-known databases of people and businesses considered undesirable by the Department of Commerce, the General Services Agency, the Office of Foreign Assets Control, the Department of State and the Bureau of Export Administration.
VCDatabase is a significant improvement over current lists released by the Office of Foreign Assets Control. It was developed to enable users easy and quick searches by name, alias, address and name fragment.
"This is a tool for companies -- small or large -- doing business in a global economy," said CBI's Michael Adams. "We're powerfully aware that criminals and terrorists operate in the same realm as legitimate business and utilize banks and financial networks in the same way as American companies.
"Our development of these comprehensive databases is not just about complying with the mandates of the U.S. Treasury. It underscores the need for American companies to be increasingly vigilant."
CBI's clients are pre-certified to ensure they have legitimate need of the database. The firm's primary business is undertaking due diligence and risk management for financial and insurance institutions.
"VCDatabase is an extension of what we do in the rigorous regulatory environment of the financial sector," said Adams. "The job is to ensure that businesses know exactly who they're dealing with, overseas and domestically. We've been able to collate this information and make it affordable for small business."
Database access starts at only $249 per year with unlimited searches.
"Effectively, we've put the resources of agencies worldwide at the fingertips of American business," he said.
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|Date:||Oct 24, 2001|
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