SECONDARY SANCTIONS

For peace of mind it is no longer sufficient to only screen customers against primary sanctions lists. 

To manage the risk that you may be exposed to a customer with a linkage to a sanctioned entity you must also screen against data sets that identify the ownership information of companies and their backers, including those with a minimum ownership stake of 10% or more and sanctioned individuals that may have a controlling interest either as a member of the board or as a senior executive.

The Dow Jones data that fuels RiskScreen Core and RiskScreen Batch contains a total of 16920 Sanction Ownership research profiles covering 172 countries. 

No other data provider in the world has such an extensive data set of secondary sanctions intelligence.

Data Quality Assurance

 

Providing truly global coverage Dow Jones data is maintained by a team spread across five dedicated research and monitoring centres providing 24 hour coverage across 68 languages. Over fifty percent of the Dow Jones research team are educated to Masters or PHD level.

One key advantage Dow Jones researchers have is the ability to leverage Factiva, Dow Jones 40 year old archive of more than 32,000 sources in 28 languages. Hundreds of thousands of articles from these sources are added to Factiva daily.

Dow Jones was the first list provider to pass a ISAE3000 review and as part of the data quality assurance mechanisms the Dow Jones sanctions data is audited and accredited to international standards.

Dow Jones data is relied upon for AML / KYC screening purposes by the following:

  • 3 of the 4 largest US banks
  • 5 of the 6 largest Canadian banks
  • 44 of the 45 largest Chinese banks
  • 5 of the 7 largest Japanese banks
  • 5 of the 6 largest Spanish banks
  • 4 of the 5 largest French banks
  • 4 of the 5 largest Scandinavian banks
  • 7 out of the 13 Wolfsberg Group

False Positives


By utilising Dow Jones data with our next generation screening technology we are able to reduce false positive results by up to 90% compared to other screening providers whilst providing our customers with a very high level of confidence that true matches are not being missed.

ORGANISATION

Data should be well organised to enable the screening engine to utilise it in a consistent fashion to deliver accurate results

Quantity

Data sources should be as extensive as possible including secondary sanctions ownership data

Accuracy

The data has to be constantly maintained and be as up to date and accurate as possible.

Dow Jones Data

ALIAS DATA

Many 'bad actors' engage with businesses utilising aliases. The best data sets contain the most alias data

IMAGES

Images help users identify whether potential matches are true or false

LANGuAges

The best datasets capture data across as many languages as possible

Dow Jones Data Quality Report

Dow Jones’s Risk & Compliance Data Quality Report shares information and statistics about its performance over the previous year.