Innovative Software technologies in partnership with DOW Jones provides you with a structured risk screening solution for more effective compliance with Anti-Money Laundering and Counter-Terrorist Financing regulation, to Easily and accurately identify high-risk clients with detailed, up-to-date profiles on more than 650,000 individuals and entities

We deliver research tools and outsourced services for on-boarding, vetting and investigation to help companies comply with anti-money laundering, anti-bribery, corruption and economic sanctions regulation in mitigating third party risk. With a global team of expert researchers, flexible delivery options and enriched third party risk data, the suite of compliance solutions empower compliance professionals to quickly and efficiently reduce risks while conserving limited resources.

features include

1. Consolidation. Our consolidated profiles reduce the time spent reviewing alerts as the customer would need to clear one alert as opposed to many alerts. If they screen against multiple lists and the same name appears on each list, they would need to clear he name from each alert resulting from the separate lists whereas with DJ they would see one consolidated alert with all of the relevant sanction details.

2. Normalization. Different lists may publish different information for the same person or company. We normalize all of the lists we cover so that even if there are formatting differences or differences in name spellings for the same person appearing on different lists, searching DJ will find the name across all of the lists regardless of which version of the name is searched.

3. Enrichments. Sanction data is often not very detailed. Our research team will find additional identifiers to add to sanction profiles which may not be published on the sanction listing. These include things like DoB, PoB, citizenship, residency, links to images, etc. These identifiers can be used as matching criteria to get more accurate matches.

4. Updates. We check the sanction lists we cover on a daily basis for any updates and provide daily incremental files which include all of the changes. This enables clients to screen against the most up to date version of the lists even if they are screening on a daily basis.

5. Categorisation and Structure. Just like all of the data in our feed, we convert the sanction data into a highly structured format so that all of the elements (first name, last name, YoB, etc) can be sued in the matching. This enables clients to minimise false positives and receive true matches.

We have identified around 12,000 companies based on this criteria in 160 countries. These are 12,000 companies not directly sanctioned but banks may need to block because of their link to sanctions.