Configuring Dow Jones Watchlist

Dow Jones Watchlist is a data provider you can use to run these checks:

  • PEPs and sanctions screening (individuals)
  • Sanctions and adverse media screening (companies)

PEPs and sanctions screening (individuals)

How it work

This is the default behaviour for a variant of the PEPs and sanctions screening check with Dow Jones Watchlist as the data provider.

The check is performed by screening an individual’s name and, when available, date of birth and nationality through Dow Jones Watchlist’s sources to provide a list of the individual’s potential matches to sanctions and politically exposed persons (PEPs).

If no potential matches are found for the individual, the check is marked Completed.

If any potential matches are found, the check returns Unresolved events and the matches are displayed in the check results. By default, all matches are displayed in the Potential matches list.

For every match that’s discovered, a detailed portfolio is displayed. This portfolio provides all available information from Dow Jones Watchlist about the match’s biography, associates, political exposure, events, and sources.

This check variant is supported for all countries.

Adverse media matches are returned in the results, but are not flagged with the Adverse media tag.
Any false positives filtered out by Dow Jones Watchlist aren’t displayed at all in PassFort. Contact Dow Jones Watchlist for more information about how they determine false positives and where you can see them.
To reduce false positives, provide the individual’s date of birth and nationality where possible.

Configuration options

  • Ignore historical matches (optional): When this option is selected, PassFort removes any matches that Dow Jones Watchlist previously listed as politically exposed or sanctioned but are not on any current lists.
  • Enable ongoing monitoring (optional): When this option is selected, any time a new match is discovered by Dow Jones Watchlist, the check’s task is marked incomplete, and, if the profile’s application is approved, it’s put into review. When this option is deselected, new matches are only returned from Dow Jones Watchlist when a user runs the check manually or, if your policy specifies, when a new task version is added to the application. Learn more about monitored applications.
  • Name settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned from Dow Jones Watchlist when a result’s name does not match the name on the profile. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
  • Date of birth settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned from Dow Jones Watchlist when a result’s date of birth does not match the profile’s date of birth. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
If the profile doesn’t have a date of birth (e.g. the field was left blank), date of birth is not used as a factor in identifying false positives.
  • Country settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned from Dow Jones Watchlist when a result’s country of nationality does not match the profile’s country of nationality. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
If the profile doesn’t have a country of nationality (e.g. the field was left blank), country of nationality is not used as a factor in identifying false positives.
To turn off PassFort’s false positive reduction service, set the Name settings for false positive reduction, Date of birth settings for false positive reduction, and Country settings for false positive reduction options to Allow any matches.

What we’ll need

Let us know that you’d like to add a PEPs and sanctions screening check variant with Dow Jones Watchlist and let us know which configuration options you’d like to use. We’ll set it up for you.

If you have a direct agreement, we’ll also need a copy of your Dow Jones Watchlist order form. We’ll use the order form to complete the configuration details.

For help getting a copy of your order form, please speak to your Dow Jones Watchlist account manager.

Testing your configuration

Once the check variant is configured, follow these steps in your demo environment to test whether it's working as expected.

  1. Does the check complete when no matches are returned from Dow Jones Watchlist? To run the test, create an individual profile and run the check variant. If the check is marked Completed and there are no new matches displayed in the check results, it’s working as expected.
  2. Does the check display PEPs matches returned from Dow Jones Watchlist? To run the test, create an individual profile with "PEP" as part of the profile’s first name or surname (e.g. "Alex PEP Wheeler"), and run the check variant. If the check status is Unresolved events and there is a PEPs match for Theresa May displayed in the check results, it’s working as expected.
  3. Does the check display sanctions matches returned from Dow Jones Watchlist? To run the test, create an individual profile with "SANCTIONS" as part of the profile’s first name or surname (e.g. "Alex SANCTIONS Wheeler"), and run the check variant. If the check status is Unresolved events and there is a sanctions and a PEPs match for Bashar Al-Assad displayed in the check results, it’s working as expected.
The test words are not case-sensitive.

Required and optional profile fields

These are the profile details searched in Dow Jones Watchlist’s sources:

Name

Description

First name(s) (personal_details.name.given_names)

Required

The individual’s first and, if applicable, middle names.

Surname (personal_details.name.family_name)

Required

The individual’s last name.

Date of birth (personal_details.dob)

Optional

The individual’s date of birth.

Nationality (personal_details.nationality)

Optional

The individual’s country of nationality.

Sanctions and adverse media screening (companies)

How it works

This is the default behaviour for a variant of the Sanctions and adverse media screening check with Dow Jones Watchlist as the data provider.

The check is performed by screening a company’s name and country of incorporation through Dow Jones Watchlist’s sources to provide a list of the company’s potential sanctions matches and (if you have access to Dow Jones Watchlist’s PEPs results) PEPs matches.

Individuals who are company associates (e.g. shareholders and officers) are not screened as part of this check. To screen individuals automatically, create an associate smart policy for the task with a screening check for individuals. Learn how company associates are approved/rejected using associate smart policies.

If no potential matches are found for the company, the check is marked Completed.

If any potential matches are found, the check returns Unresolved events and the matches are displayed in the check results. By default, all matches are displayed in the Potential matches list.

For every match that’s discovered, a detailed portfolio is displayed. This portfolio provides all available information from Dow Jones Watchlist about the match’s biography, associates, political exposure, events, and sources.

This check variant is supported for all countries.

Adverse media matches are returned in the results, but are not flagged with the Adverse media tag.
Any false positives filtered out by Dow Jones Watchlist aren’t displayed at all in PassFort. Contact Dow Jones Watchlist for more information about how they determine false positives and where you can see them.

Configuration options

You have the following configuration options:

  • Ignore historical matches? (optional): When this option is selected, PassFort removes any matches that Dow Jones Watchlist previously listed as politically exposed or sanctioned but are not on any current lists.
  • Enable ongoing monitoring? (optional): When this option is selected, any time a new match is discovered by Dow Jones Watchlist, the check’s task is marked incomplete, and, if the profile’s application is approved, it’s put into review. When this option is deselected, new matches are only returned from Dow Jones Watchlist when a user runs the check manually or, if your policy specifies, when a new task version is added to the application. Learn more about monitored applications.
  • Name settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned from Dow Jones Watchlist when a result’s name does not match the name on the profile. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
  • Date of birth settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned from Dow Jones Watchlist when a result’s date of incorporation does not match the profile’s date of incorporation. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
If the profile doesn’t have a date of incorporation (e.g. the field was left blank), date of incorporation is not used as a factor in identifying false positives.
  • Country settings for false positives reduction (required): This is one of three options contributing to PassFort’s false positive reduction service. It determines how PassFort treats results returned form Dow Jones Watchlist when a result’s country of incorporation does not match the profile’s country of incorporation. The value for the option must be one of the following: Allow any matches, Allow close or exact matches, or Allow exact matches.
To turn off PassFort’s false positive reduction service, set the Name settings for false positive reduction, Date of birth settings for false positive reduction, and Country settings for false positive reduction options to Allow any matches.

What we’ll need

Let us know that you’d like to add a Sanctions and adverse media screening check variant with Dow Jones Watchlist and which configuration options you’d like to use. We'll set it up for you.

If you have a direct agreement, we’ll also need a copy of your Dow Jones Watchlist order form. We’ll use the order form to complete the configuration details.

For help getting a copy of your order form, please speak to your Dow Jones Watchlist account manager.

Testing your configuration

Once the check variant is configured, follow these steps in your demo environment to test whether it's working as expected.

  1. Does the check complete when no matches are returned from Dow Jones Watchlist? To run the test, create any company profile and run the check variant. If the check is marked Completed and no new matches are displayed in the check results, it’s working as expected.
  2. Does the check display sanctions matches returned from Dow Jones Watchlist? To run the test, create a company profile with "sanctions" as part of the profile’s name and run the check variant. If the check status is Unresolved events and there are sanctions matches for Bank of America displayed in the check results, it’s working as expected.

Required and optional profile fields

These are the company’s profile details searched in Dow Jones Watchlist’s sources:

Name

Description

Company name (metadata.name)

Required

The company’s name.

Country of incorporation (metadata.country_of_incorporation)

Required

The country in which the company is incorporated.


How did we do?


Powered by HelpDocs