iCVn’s
CashTrakker™ software is a critical
tool for law enforcement and
intelligence agencies to track and
trace currency used in criminal
activity. With CashTrakker, ™
authorities can “Follow The Money”
in ways never before possible.
Terrorism
Terrorist
groups use laundered, stolen and
counterfeit money to finance their
nefarious activities, an issue at
the forefront of national security
today. The anonymity of that cash
helps facilitate their stealth acts
of terror. Tracking of banknotes
using the iCVn system provides
authorities with the forensic tools
necessary to arrest and prosecute
terrorist financiers and money
launderers who use financial, retail
and charitable organizations to
remove evidence of their illegal
activities. According to DEA
estimates, the illegal drug trade
funds approximately 46 percent of
terrorist organizations. iCVn
technology allows federal, state and
local law enforcement agencies to
eradicate entire drug organizations
and traffickers by tracking their
cash through the accounts of all
associated entities. It also allows
for the sharing of information never
before seen among law enforcement
and intelligence communities which
will, necessarily, result in a
decrease in terrorist activity by
providing early indications and
warnings of potential terrorist
threats.
Drug
Trafficking
The flow
of untraced cash is a huge
impediment to the enforcement of
drug laws and the apprehension of
drug traffickers. The secretive
structure of drug organizations
makes them exceedingly difficult and
dangerous for undercover agents to
infiltrate.
Using the
iCVn system, drug enforcement
officials can purchase illegal drugs
with “tagged” serial numbers and
follow these serial numbers through
the drug organizations’ financial
structure. Officials can also back
trace the path of cash seized in
drug raids enabling them to cast a
larger net in the apprehension of
drug ring participants.
Money
Laundering
The use
of legitimate means to introduce
illegally obtained or undeclared
money into financial institutions is
the primary source of funding for
criminal and terrorist activity on a
global scale. The International
Monetary Fund estimates that the
global volume of laundered money is
between $600 billion and $1.5
trillion annually.
Present
methods of combating money
laundering are limited to government
and bank audits of cold paper
trails. The Bank Secrecy Act
requires reporting of cash
transactions in excess of $10,000.
These present methods are reactive,
not proactive, and consequently lack
a deterrent effect.
Counterfeiting
The rapid
advancement in digital imaging
technology has enabled
counterfeiters to quickly and easily
produce near-perfect copies of real
currency. Many of the security
features presently built into
currency notes can be reproduced,
making detection extremely
difficult.
The one
feature counterfeiters cannot
fabricate is a legitimate serial
number. Every bill carries a unique
serial number or "fingerprint."
Counterfeiters must use duplicate or
invalid serial numbers on their
illegitimate notes.
The iCVn
system is designed to scan serial
numbers and compare them to a
database of valid numbers, thereby
determining if they are duplicate or
invalid serial numbers. Ours is the
only system in the world that reads
the serial number of currency notes,
recognizes, authenticates, stores
and tracks them in a dynamically
updated database.
