13  Managing Watch List Pipelines

Watch List pipelines are used to download and ingest free and subscription-based watch lists for screening entities, and third-party data sources for inclusion in the graph for Investigation Hub.

Pre-configured Watch List Pipelines for Customer Screening

The following watch list pipelines are available if your firm has implemented Oracle FCCM Customer Screening Cloud Service:

·        OFAC Watchlist Load

·        Private Watchlist Load

·        WC Premium Plus Watchlist Load

·        WC Premium Watchlist Load

·        WC Standard Watchlist Load

·        DJW Watchlist Load

·        EU Watchlist Load

·        UN Watchlist Load

·        HMT Watchlist Load

Import the ready-to-use pipelines to the application. To configure pipelines, you must create a copy of an imported pipeline and save it as a new pipeline.

TIP:           

In order to ensure that you always have the latest metadata available, rerun the watch list batches, such as OFAC or private watchlist, after applying the hotfix pipeline and get the latest metadata loaded in your search engine. For information on how to apply the hotfix pipeline and update your data, contact Oracle Support.

Watch List Pipelines for Transaction Filtering

The following watch list pipelines are available if your firm has implemented Oracle FCCM Transaction Filtering Cloud Service:

·        StopKeyword Watchlist

·        City Data Load

·        Country Data Load

·        Goods Data Load

·        Port Data Load

·        Load Identifier

Import the ready-to-use pipelines to the application. To configure pipelines, you must create a copy of an imported pipeline and save it as a new pipeline.

NOTE:   

In order to ensure that you always have the latest metadata available, rerun the watch list batches, such as OFAC or private watchlist, after applying the hotfix pipeline and get the latest metadata loaded in your Elastic Search. For information on how to apply the hotfix pipeline and update your data, contact Oracle Support.

Watch List Pipelines for Investigation Hub

The Investigation Hub application comes with the following pipeline which allows for the inclusion of ICIJ data in the global graph:

·        IcijDataIngestion

Widgets in Watch List Pipelines

Depending on the pipeline type, specific widgets are available in the widgets pane of the pipeline. The following table describes the widgets available in Watch List pipelines.

Watch List  Pipeline – Widgets and Descriptions

Watch List Management Widget

The Watch List Management widget enables you to set the URLs for downloading watchlist data in .CSV format and to enter a  username and password, if applicable.

To set your watchlist management credentials follow these steps:

1.       In the Pipeline Designer page, select the pipeline you want to edit. The Pipeline Designer window appears.

2.       Hover on the Watch List Management widget and click Edit . The Watchlist Details window appears.

3.     In the List Provider drop-down list, select the watchlist and associated sub-list (if applicable) you want to use.

4.     Details are displayed as described in the following table:

Watch List Management Widgets and their Descriptions

5.      Click Save  to save the changes.

Click Close  to return to Pipeline Designer. When you have finished making changes, click Save  to save the updates made.

Watch List Data Movement Widget

The Watchlist Data Movement widget displays how the data is mapped from the Source Datasets into the Target tables on a column level. This information helps administrators bring transparency to the data that is being screened.

ATTENTION:   

This widget is not in use at this time.

Watch List Categorization Widget

Use the Watch list Categorization widget to categorize the watch list records which must be matched to Sanctions (SAN), Enhanced Due Diligence (EDD) and Political Exposed persons (PEP) records. You can do this only on the World-Check and Dow Jones watch lists.

·        The World-Check watch list is a collection of data on Politically Exposed Persons (PEPs) and heightened risk individuals and organizations from around the world to help identify and manage financial, regulatory and reputational risk.

·        The Dow Jones watch list is also a collection of data on senior PEPs, their relatives and close associates as well as national and international sanctions lists, and profiles of persons linked to high profile crime.

For example, the compliance officer of an FI has a World-Check subscription and wants to place Office of Foreign Assets Control (OFAC) watch list records, which display the list of persons who are prohibited from doing business with US citizens and must comply with US regulations, in the SAN category. To do this, the compliance officer can select the OFAC list in the SAN tab. This categorizes all the records under the OFAC watch list as SAN. SAN matching rules are applicable during screening.

The World Check Categorization and Dow Jones Categorization windows display two toggle buttons: one to enable or disable the PEP/ State-Owned Entities (SoE)/ Instrumentalities of State (IOS) records and another to enable or disable the SAN and EDD records. If you enable both the toggle buttons, then all PEP/SoE/IOS and SAN/EDD records are included during the screening process. If you disable both the toggle buttons, then no SAN/EDD or PEP/SoE records are included during the screening process.

NOTE:   

Both toggle buttons are enabled by default.

Enable the Include SAN/EDD Records for Screening toggle button to view all records and associated watch lists. To move all records to the SAN category, enable the toggle button in line with the watch list name.

Filter Watch List Data Widget

Use the Watchlist Filter widget to do the following:

·        Select SAN and EDD watch list records in the Watch List Categorization window.

·        Include or exclude countries or watch lists for further filtering, if you have included them under SAN and EDD.

·        Select the PEP types for screening if you have included PEP and SoE records.

·        Filter the watch list records by customer type, name type and status.

NOTE:   

SAN records are given priority over PEP records and  PEP records are given priority over EDD records. For example, if a specific record is categorized as SAN and PEP, they are screened against SAN matching rules and not PEP matching rules.

If the Include PEP/SoE for Screening toggle button is disabled in the Watch List Categorization window, the PEP tab and related records are not displayed.

You must select Yes to view the filter fields. If you select No, all records selected in the Watch List Categorization window are not considered for screening. Select Include to screen specific records or select Exclude to avoid screening specific records during the screening process. For example, if you only want to exclude SAN records for the Norway geography and the OFAC watch list, select Norway in the Country Type field and OFAC in the List Type field.

NOTE:   

·         All check boxes are selected by default.

·        Typically, all SAN watch lists records are pushed for screening in order to eliminate the possibility of high-risk individuals going undetected. Select Yes only if you want to reduce the time taken for screening and the number of alerts that must be investigated.