Equifax Watchlist Check API screens prospective and existing customers against Sanctions, Politically Exposed Persons and their Relatives and Close Associates, and Special Interest lists while minimizing false positive matches
Screening customers against Sanctions and Politically Exposed Persons (PEP) lists to identify target matches is a vital part of meeting Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations.
Equifax has combined the Dow Jones Watchlist, a leading provider of worldwide information with BAE Systems NetReveal service, a global market-proven financial crime analytics solution. These joint capabilities have established a comprehensive, reliable and accurate worldwide customer screening service to support compliance with Anti Money Laundering (AML) Regulations and Joint Money Laundering Steering Group (JMLSG) guidelines.
Benefits
SCREENING
Screens using Dow Jones Watchlist data – A market leading source of worldwide compliance information, updated around the clock in reaction to events as they happen
SECURITY
Helps reduce resources required to perform enhanced due diligence assessments on alerts identified
Key Features
Screens against Sanctions, PEPs and Relative & Close Associate data to support compliance with AML regulation
Provides Special Interest Persons (SIPs) and Special Interest Entity (SIE) screening to highlight high level crime and the associated potential risks
Deploys BAE’s sophisticated matching techniques – BAE Systems NetReveal solution uses advanced matching algorithms to optimise results, which minimises the return of false positive matches whilst ensuring true threats are identified
Provides three pre-configured screening profiles – Prospective and existing customers can be screened according to the risks presented by selecting one of the screening profiles; UK Standard, UK Plus or Global.
Offers access to Enhanced Due Diligence data – Full Reports provide users with all of the enhanced due diligence (EDD) data Dow Jones holds on the alerting candidate to support referral assessments
Regularly refreshed data - Dow Jones Watchlist data is refreshed daily in our real-time environments and weekly in our batch solution to ensure matches are current and viable
Use Cases
Equifax Watchlist Check API performs:
Reliable and accurate worldwide customer screening service to support compliance with Anti Money Laundering (AML) Regulations and Joint Money Laundering Steering Group (JMLSG) guidelines.
Strengthens AML Profiles – EWC typically complements consumer Know Your Customer (KYC) identity verification checks to ensure candidates listed on alert databases are identified within the 3 digit AML Profile to support regulatory risk and compliance obligations