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 use the Watchlist Categorization widget 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.