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Configuring Dow Jones Risk and Compliance

Updated 1 year ago by Ainsley

Dow Jones Risk and Compliance 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)

When you want to run the PEPs and sanctions screening check with Dow Jones, you have two Dow Jones Risk and Compliance integrations to choose from:

  1. Dow Jones Risk and Compliance Feed: With this integration, PassFort retrieves the matches from Dow Jones Risk and Compliance Feed, then filters them. This means you can use PassFort's false positive reduction service. You can also use ongoing monitoring with this option.
  2. Dow Jones Risk and Compliance API: With this integration, all false positive filtering is done by the Dow Jones Risk and Compliance API before PassFort retrieves the matches, so PassFort's false positive reduction service is not applied. Ongoing monitoring is not available for this option at this time.
To learn more about the false positive filtering option for the Dow Jones Risk and Compliance API, see Level of tolerance for the name search in the Configuration options.

Dow Jones Risk and Compliance Feed

How it works

This is the default behaviour when PassFort is integrated with Dow Jones Risk and Compliance Feed.

The check is performed by screening an individual’s name and, when available, date of birth and nationality through Dow Jones Risk and Compliance'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 (and the individual doesn't have potential matches returned from earlier screening checks), 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 Risk and Compliance about the match’s biography, associates, political exposure, events, and sources.

This check variant is supported for all countries.

To reduce false positives, provide the individual’s date of birth and nationality where possible.
A maximum of 200 potential matches can be processed. If there are more than 200 potential matches, they will not be displayed in PassFort. Please refine your search or view the matches through your data provider's portal.
Configuration options
  • Consider sanction matches only if they are from the following watchlists (optional): When this option is selected, the individual is only searched in the groups of Dow Jones Risk and Compliance sanctions watchlists that you select.
To make the lists easier to select, we've grouped watchlists by issuer (e.g. UN) and, where relevant, a category that the issuer has defined (e.g. Taliban & Al-Qaida Consolidated List). This means if the issuer provides a new version of the list, it will be added to the group automatically and you don't need to worry about updating your selection.
Any new groups (i.e. new issuers or categories) that Dow Jones adds will be deselected automatically. To add a group, contact us.
To see which groups are available, go to the Policy Builder > Data providers and select Dow Jones Risk and Compliance Feed from Individual data providers. The groups of lists are displayed when you expand the option to Search only the following sanctions lists.
  • Include matches on Other Official Lists (optional): When this option is selected, the individual is screened through Dow Jones Risk and Compliance's Other Official Sanctions Lists. OOL is displayed next to the match names in the check results. To learn which issuers are included on the Other Official Sanctions Lists (typically issued by regulatory agencies or agencies with a broad policy remit, like Interpol and Crimestoppers), contact your Dow Jones account manager.
  • Include matches on Other Exclusion Lists (optional): When this option is selected, the individual is screened through Dow Jones Risk and Compliance's Other Exclusion Lists. OEL is displayed next to the match names in the check results. To learn which issuers are included on the Other Exclusion Lists (often agencies without regulatory authority), contact your Dow Jones account manager.
  • Include adverse media matches (optional): When this option is selected, PassFort displays instances of adverse media (if you have access to Dow Jones Risk and Compliance's adverse media results).
  • Include individuals with Additional Domestic Screening Requirements (optional): When this option is selected, the individual is screened through additional lists that countries can provide to recommend you perform enhanced due diligence on individuals. ADSR is displayed next to the match names in the check results.
  • Include relatives and close associates in match results (optional): When this option is selected, any close associates (like business partners or close relatives) who are on a PEPs or sanctions list are returned as potential matches. RCA is displayed next to the match names in the check results.
  • Ignore historical matches (optional): When this option is selected, PassFort removes any matches that Dow Jones Risk and Compliance previously listed as politically exposed or sanctioned but are not on any current lists.
  • Ignore matches where the person is marked deceased (optional): When this option is selected, matches are not returned for individuals marked as deceased by Dow Jones.
  • Perform additional name splitting when searching for matches (spaces and hyphens) (optional): When this option is selected, spaces and hyphens are treated the same when looking for matches. This allows more matches to be returned for Chinese and other regional names, where spaces and hyphens are used interchangeably. Note that this option can cause surnames to be split by hyphens and spaces.
  • Select country types checked against the profile's nationality (optional): When this option is deselected, if the individual's country of nationality is in their profile, it's checked against the Citizenship country category from Dow Jones Risk and Compliance. When this option is selected, if the individual's country of nationality is in their profile, it's checked against all of the country categories you select: Citizenship; Country of Registration; Country of Affiliation; Resident of; Jurisdiction; Country of Reported Allegation. Note that the country of nationality only needs to be the same as one country category for the match to be returned. To learn more about country categories, contact your Dow Jones Risk and Compliance account manager.
  • Enable ongoing monitoring (optional): When this option is selected, any time a new match is discovered by Dow Jones Risk and Compliance, 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 Risk and Compliance 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.
When ongoing monitoring is enabled, any new matches are updated and displayed in PassFort once a week. Note that if it's not possible to get the latest information from Dow Jones Risk and Compliance, PassFort will retry the following week.
  • Name settings for false positive 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 Risk and Compliance 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 positive 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 Risk and Compliance 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 positive 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 Risk and Compliance 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 Risk and Compliance Feed, 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 Risk and Compliance order form, which we’ll use to complete the configuration details.

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

If you're also using the Dow Jones Risk and Compliance API, you don't need to provide the order form. Just send us the credentials requested for the Dow Jones Risk and Compliance API.
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 Risk and Compliance? To run the test, create an individual profile (with no other potential matches returned from previous screening checks) 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 Risk and Compliance? 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 are PEPs matches displayed in the check results, it’s working as expected.
  3. Does the check display sanctions matches returned from Dow Jones Risk and Compliance? 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 matches displayed in the check results, it’s working as expected.
  4. Does the check display adverse media matches returned from Dow Jones Risk and Compliance? To run the test, create an individual profile with "MEDIA" as part of the profile's first name or surname (e.g. "Alex MEDIA Wheeler"), and run the check variant. If the check status is Unresolved events and there is an adverse media match, it's working as expected.
  5. What happens when new results are returned during ongoing monitoring? To run this test using your API, follow the steps in Test ongoing monitoring.
The test words are not case-sensitive.
Required and optional profile fields

These are the profile details searched in Dow Jones Risk and Compliance'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.

Dow Jones Risk and Compliance API

How it works

This is the default behaviour when Dow Jones Risk & Compliance API is filtering matches.

The check is performed by screening an individual’s first and last name and, when available, date of birth and nationality through Dow Jones Risk and Compliance'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 (and the individual doesn't have potential matches returned from earlier screening checks), 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 Risk and Compliance about the match’s biography, associates, political exposure (which includes, if available, the match's exposure level for each position, plus the start dates and end dates of the position), events, and sources.

This check variant is supported for all countries.

The profile's middle name is not searched. This is to ensure that Dow Jones does not filter out potential matches that don't have a middle name.
A maximum of 200 potential matches can be processed. If there are more than 200 potential matches, they will not be displayed in PassFort. Please refine your search or view the matches through your data provider's portal.
Where the match's nationality has been discovered in Dow Jones Risk and Compliance's sources, you can hover over a tooltip in the portal to see which country match types had the nationality.
Configuration options
  • Dow Jones name search tolerance level (required): This option indicates which Dow Jones Risk and Compliance name search type will be used to filter false positives. You can choose NEAR, BROAD, or PRECISE. To learn more about these options, see the documentation for Dow Jones or speak to your Dow Jones account manager.
  • Sanctions lists to search against (optional): When this option is selected, the individual is only searched in the Dow Jones Risk and Compliance sanctions lists you choose. To use this option, please provide the ID numbers for the lists you want to use. When this option is deselected, all sanctions lists are searched.
If this option is selected but no sanctions list IDs are added, no sanctions lists will be searched.
Any of Dow Jones Risk and Compliance's suspended or inactive lists are not searched.
To learn more about the sanctions lists available for Dow Jones Risk and Compliance, please speak to your Dow Jones account manager.
  • Include matches on Other Official Lists (optional): When this option is selected, the individual is screened through Dow Jones Risk and Compliance's Other Official Sanctions Lists. OOL is displayed next to the match names in the check results. To learn which issuers are included on the Other Official Sanctions Lists (typically issued by regulatory agencies or agencies with a broad policy remit, like Interpol and Crimestoppers), contact your Dow Jones account manager.
  • Include matches on Other Exclusion Lists (optional): When this option is selected, the individual is screened through Dow Jones Risk and Compliance's Other Exclusion Lists. OEL is displayed next to the match names in the check results. To learn which issuers are included on the Other Exclusion Lists (often agencies without regulatory authority), contact your Dow Jones account manager.
  • Include adverse media (optional): When this option is selected, PassFort displays instances of adverse media (if you have access to Dow Jones Risk and Compliance's adverse media results).
  • Include individuals with Additional Domestic Screening Requirements (optional): When this option is selected, the individual is screened through additional lists that countries can provide to recommend you perform enhanced due diligence on individuals. ADSR is displayed next to the match names in the check results.
  • Include relatives and close associates in match results (optional): When this option is selected, any close associates (like business partners or close relatives) who are on a PEPs or sanctions list are returned as potential matches. RCA is displayed next to the match names in the check results.
  • Ignore matches where the person is marked deceased (optional): When this option is selected, matches are not returned for individuals marked as deceased by Dow Jones.
  • Disable lenient date of birth matching (optional): When this option is enabled, matches are only returned when the date of birth matches the profile's date of birth exactly. When this option is disabled, matches are returned when the month and the year are switched (e.g. 1975-04-19 is treated the same as 1975-19-04).
  • Restrict the search results by country match types (optional): When this option is selected, the individual's country of nationality (if available) and/or country of address (if available) are checked against all of the country categories you select: CITIZENSHIP, JURISDICTION, ALLEGATION, RESIDENCE, RISK. When this option is deselected, the individual's country of nationality (if available) and/or country of address (if available) is checked against all country categories. To learn more about country categories, contact your Dow Jones account manager.
Matches with no nationality or country of residence are always returned.
When the profile has a country of nationality and country of address, matches that have the same nationality or country of address are returned. Note that this can lead to additional false positives, so we recommend only including one in the profile.
What we’ll need

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

We’ll also need your Dow Jones Risk and Compliance details:

  • Namespace
  • Username
  • Password
  • URL

For help getting these details, please speak to your Dow Jones account manager.

Reseller agreements are not available when the Risk & Compliance API is filtering matches.
When you view the configuration in the Policy Builder, you'll see https://djrc.api.test.dowjones.com/v1 as the URL for the Dow Jones Risk and Compliance API in your demo environment and https://djrc.api.dowjones.com/v1 as the URL in your live environment.
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 Risk and Compliance? To run the test, create an individual profile (with no other potential matches returned from previous screening checks) 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 Risk and Compliance? 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 are PEPs matches displayed in the check results, it’s working as expected.
  3. Does the check display sanctions matches returned from Dow Jones Risk and Compliance? 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 are sanctions and a PEPs match for Bashar Al-Assad displayed in the check results, it’s working as expected.
  4. Does the check display adverse media matches returned from Dow Jones Risk and Compliance? To run the test, create an individual profile with "MEDIA" as part of the profile's first name or surname (e.g. "Alex MEDIA Wheeler"), and run the check variant. If the check status is Unresolved events and there is an adverse media match, 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 Risk and Compliance's sources:

Name

Description

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

Required

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

Only the first name in given_names is sent to Dow Jones. For example, if the value of given_names is ["Sarah", "Meghan"], only Sarah is sent.

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.

Address country (address_history.address.country)

Optional

The individual's country of residence. This is taken from the country of their current address.

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 Risk and Compliance as the data provider.

The check is performed by screening a company’s name and country of incorporation through Dow Jones Risk and Compliance's sources to provide a list of the company’s potential sanctions matches and (if you have access to Dow Jones Risk and Compliance'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 (and the company doesn't have potential matches returned from earlier screening checks), 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 Risk and Compliance about the match’s biography, associates, political exposure, events, and sources.

This check variant is supported for all countries.

A maximum of 200 potential matches can be processed. If there are more than 200 potential matches, they will not be displayed in PassFort. Please refine your search or view the matches through your data provider's portal.

Configuration options

You have the following configuration options:

  • Include adverse media matches (optional): When this option is selected, PassFort displays instances of adverse media (if you have access to Dow Jones Risk and Compliance's adverse media results).
  • Ignore historical matches (optional): When this option is selected, PassFort removes any matches that Dow Jones Risk and Compliance 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 Risk and Compliance, 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 Risk and Compliance 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.
When ongoing monitoring is enabled, any new matches are updated and displayed in PassFort once a week. Note that if it's not possible to get the latest information from Dow Jones Risk and Compliance, PassFort will retry the following week.
  • Name settings for false positive 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 Risk and Compliance 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 positive 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 Risk and Compliance 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 positive 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 Risk and Compliance 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 Risk and Compliance 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 Risk and Compliance 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 Risk and Compliance 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 Risk and Compliance? To run the test, create any company profile (with no other potential matches returned from previous screening checks) 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 Risk and Compliance? 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 and PEPs matches displayed in the check results, it’s working as expected.
  3. Does the check display adverse media matches returned from Dow Jones Risk and Compliance? To run the test, create a company profile with "MEDIA" as part of the profile's name and run the check variant. If the check status is Unresolved events and there are adverse media, sanctions, and PEPs matches displayed in the check results, it's working as expected.
  4. What happens when new results are returned during ongoing monitoring? To run this test using your API, follow the steps in Test ongoing monitoring.

Required and optional profile fields

These are the company’s profile details searched in Dow Jones Risk and Compliance'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.

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