IBM DB2 Anonymous Resolution

Collaborative sharing of information can raise significant issues, regardless of the application. Often legal, reputational, privacy, and security ramifications present such large barriers that the risk associated with multiparty information sharing initiatives often outweighs the benefit.

Under Section 314(b) of the USA PATRIOT Act FSP’s (Financial Service Providers) are permitted to share information with one another to identify and report activities to the federal government that may involve money laundering or terrorist activity. Although many FSP’s have gone through the notice/certification process, most are apprehensive about actually participating in such collaboration based on even the slightest possibility of consumer privacy and civil liberty violations that could result from information being unintentionally exposed or re-used for purposes beyond its stated intent.