3.2.3.4 Watch List Scan

During risk assessments, customers are processed to have a check against a list of closely monitored individuals and entities through the Watch List scan. This is done to identify the customers whose names have already been put up on the Watch List. This is performed for the primary and interested parties of the customer.

Currently, the system provides the option of using either the internal watch list or Oracle Financial Services Customer Screening (OFS CS) to perform the screening of customers and external parties. Depending on the licenses for OFS CS, either one of them can be enabled or disabled.

To know how to enable or disable the web services, see the Adding Risk Parameters and Rules (KYC Batch) section in Oracle Financial Services Know Your Customer Administrator Guide.