4 Matching Webservices

This section gives an overview of Matching Webservices for Trade-Based Anti Money Laundering.

The following diagram depicts the input and output for these Webservices.

Figure 4-1 Matching Webservices

Description of "Figure 4-1 Matching Webservices"

Name and Address Matching

This matching webservice is used for the party name and address matching, such as orderer and beneficiary. Party can be an individual, entity, vessel, or aircraft. The webservice takes the party name, country (if available in the message) and city (if available in the message) as an input and matches them against the watchlist records.

For information on the reference data for watchlists, see the Oracle Financial Services Trade-Based Anti Money Laundering Administration Guide.

Trade Goods Matching

This matching webservice is used to extract the trade goods name and match it name against the prohibited goods list. This list provides country-wise data.

For information on the reference data for watchlists, see the Oracle Financial Services Trade-Based Anti Money Laundering Administration Guide.

Trade Port Matching

This matching webservice is used to extract the trade port name and match it to the country while screening. This is done because two countries may not have the same port name, so this avoids duplication. The port name is also matched against the sanctioned port reference data.

For information on the reference data for watchlists, see the Oracle Financial Services Trade-Based Anti Money Laundering Administration Guide.