Wednesday, May 04, 2005

Feds Find Help in Hunting Financial Crooks

Governments around the world have found a high-tech ally in their fight against tax cheats, money launderers, corporate crooks, and perhaps the most pernicious of all bureaucratic enemies, paperwork.

The technology, a computer language developed by accountants, turns financial information into the equivalent of a bar code, allowing software to scan and comprehend information that would otherwise be left for armies of analysts to re-type and sort out.

See full Article.