Dow Jones Risk & Compliance is a global provider of regulatory compliance and third-party risk management solutions. Working with customers all across the world, they’ve developed technologies and services to help businesses analyze third-party risks more quickly and confidently.

Dow Jones Risk & Compliance’s independently certified sanctions data is developed in-house by a worldwide research team to guarantee  financial institutions to satisfy requirements and remain compliant with international rules and recommendations. The database comprises the names of persons, businesses, organizations, airplanes, banks, and boats from the lists of over 50 sanctioning authorities.

The Dow Jones sanction list is a global database that contains detailed profiles of persons and corporations to enhance AML compliance efforts. This worldwide database is intended to ease the process of analyzing risk within your customer base by providing quick and simple access to essential background information.

Dow Jones sanction list covers senior PEPs, their family, and close allies, as well as national and international sanctions lists, and profiles of individuals tied to high-profile crimes.

What makes the Dow Jones Sanction List unique?

The Dow Jones sanction list feed, which is comprised of over 1,100 databases globally, is an extraordinarily thorough resource, ensuring exact reliability when it comes to screening potential clients for risk indicators.

Despite the vast amount of information contained in the Dow Jones sanction list, the database is updated every day without fail to guarantee that the information supplied is as accurate as possible.

The Dow Jones sanction list is a clear industry leader, curated with strong editorial skills and supported by significant news and research resources. Here are just a handful of the various advantages it provides:

• Profiles persons and entities all across the world in a comprehensive, accurate, and up-to-date manner.
• Includes expanded worldwide coverage for those in other high-risk populations, such as RCAs (the relatives and close associates of PEPs).
• Establishes the industry standard for identifying politically exposed individuals under the definition accepted by authorities.
• It has a sophisticated categorizing mechanism that instantly displays the amount of risk and compliance posed by a consumer or client.

Why do you need to screen the Dow Jones Sanction List for AML?

Any UK business offering regulated services (including accountants, attorneys, law firms, and estate agents) must carry out a variety of AML tests to comply with AML legislation. These range from basic Know Your Customer checks that just verify identity to sanctions screening and continuous monitoring, but all are aimed to reduce the possibility of doing business with an individual or organization that poses a danger to your company.

AML checks, when completed correctly, should eliminate the possibility of onboarding a customer with a history of sanctions or any past affiliation with financial crime.

Using the Dow Jones sanction list to conduct these checks is a fail-safe method of screening clients. Banks and FIs can have all the information to prevent jeopardizing company’s AML compliance program or violating regulations, protecting your company from penalties such as severe monetary fines and reputational harm.