Firco List Service Improve the Quality of Your Official Sanctions Lists

Transcription

1 Firco List Service Improve the Quality of Your Official Sanctions Lists accuity.com October 2017

2 A list service for better screening results Staying compliant with the latest government published lists and ensuring that your watch lists are accurate, up-to-date, and tested is a challenging and time-consuming task for any financial institution. That is why Fircosoft offers its Firco List Service (FLS). By utilising the FLS, you will benefit from a dedicated department of experts that work to provide you with the highest quality lists to enable you to improve your filtering results and reduce the number of hits. Key Benefits Stay compliant with latest government published lists Eliminate the risk of missing a real match with list enrichment and testing Anticipate potential impact and reduce hit rate with expert recommendations Unique Expertise The FLS team has been dedicated to list management since 2002, stemming from financial institutions requirements to comply with post 9/11 international regulations against terrorism financing. The team is comprised of highly skilled professionals (100% have masters degrees in natural language processing) working hand-in-hand with their customer community. Its unique multi-lingual / multi-cultural skillset, hands-on experience of Fircosoft filtering solutions, and direct link with the Fircosoft product team allow full alignment of provided list items with Fircosoft products.

3 Ensuring timely updates Your specific selection of official sanctions lists are updated, enhanced, optimised, tested and validated for timely implementation. By utilising the Firco List Service you benefit from the fast delivery of high quality lists to ensure compliance. FLS automatically monitors your selected lists for any update, and goes the extra step of manually checking key regulatory sources that may not be automated (e.g. multi-file lists, non-standard formats, exotic languages). Compliance with actual regulation is verified for each new / removed / updated listed entry prior to distribution. Potential impact on filtering behaviour is systematically evaluated, and recommendations are provided for best rules adaptation. List enhancement and error correction Fircosoft enhances list records, avoiding the possibility of missing a relevant event, and corrects potential errors in lists. For example, Fircosoft experts will correct the difference between records announced by the regulatory bodies as amended and records in the electronic lists. When a financial institution is listed, the service ensures that all relevant BICs are included. Data enrichment is focused on relevant elements to limit false positive detection. Language experts The Firco List Service team is fluent in multiple languages ensuring that when entries are checked they are corrected and not lost or overlooked in translation. List validation reporting Prior to the delivery, Fircosoft experts manually review all changes of the official regulatory text, and provide a List Validation Report that you can use to compare additions, deletions and updates of sanctioned entities. Up-to-date quality lists The Firco List Service offer evolves constantly to meet customer requirements. The following lists are maintained on an on-going basis and delivered by the Firco List Service. To subscribe to these lists or to get more information about them, please contact your account manager, who will make a proposal in accordance with the Firco List Service team.

4 Country Short name Complete name Regulatory body Including Multinational FATF Financial Action Task Force Financial Action Task Force Multinational UN United Nations United Nations Multinational WBD World Bank Debarred World Bank Australia DFAT Department of Foreign Affairs and Trade Australian Government - Department of Foreign Affairs and Trade Specified entities (Iran) Australia ANS-TERR Australian National Security Australian Government Sanctioned entities Belgium BNT Belgian National Terrorism List Ministry of Finance Sanctioned persons Canada DFAIT Department of Foreign Affairs and International Trade Government of Canada - Foreign Affairs, Trade and Development Canada Canada OSFI Office of the Superintendent of Financial Institutions Office of the Superintendent of Financial Institutions UN Act Sanctions (Iran and North Korea) China PBC People s Bank of China People s Bank of China China PRC People s Republic of China s list European Union EU European Union list France FR French list Germany BMI Germany list China Anti-Money Laundering Monitoring & Analysis Center Official journal of the European Union Ministère des Finances et des Comptes publics German Federal Ministry of the Interior Special measures (Russia) Sanctioned entities Hong-Kong HKMA Hong-Kong Monetary Authority Hong-Kong Monetary Authority Japan METI - FEUL METI - Foreign End User List Japan Ministry of Economy Trade and Industry Sanctioned entities Japan MOF Ministry of Finance Ministry of Finance Luxembourg Luxembourg CSSF MF-LUX Commission De Surveillance Du Secteur Financier Ministère des Finances du Grand Duché du Luxembourg Netherlands NDL National Dutch List Commission De Surveillance Du Secteur Financier Ministère des Finances du Grand Duché du Luxembourg Government of the Netherlands (Rijksoverheid) New Zealand NZPOL New Zealand Police New Zealand Police Norway MFA Ministry of Foreign Affairs Ministry of Foreign Affairs Terrorism Suppression Act (TSA) Philippines BSP Bangko Sentral Ng Pilipinas Central Bank of Philipines Bangko Sentral Ng Pilipinas Central Bank of Philipines Saudi Arabia SAMI Saudi Arabia Ministry of Interior Saudi Arabia Ministry of Interior Sanctioned persons Singapore MAS-IAL Singapore Investor Alert List Monetary Authority Singapore Sanctioned entities Singapore TSOFA TSOFA - Terrorism (Suppression of Financing) Act, First Schedule Singapore Government Sanctioned persons

5 Country South Korea Switzerland Thailand Short name MOSF SECO TAMLO Complete name Regulatory body Including Ministry of Strategy and Finance Secrétariat d Etat à l Economie Thai Anti-Money Laundering Office Ministry of Strategy and Finance Secrétariat d Etat à l Economie Thai Anti-Money Laundering Office United Kingdom HMT Her Majesty s Treasury Her Majesty s Treasury United Kingdom Ukraine Ukraine UK Home Office SFMS NSDC BIS DTC FinCEN Special measures (Russia) UK Home Office UK Home Office Sanctioned entities State Financial Monitoring Service (SFMS) of Ukraine National Security and Defense Council (NSDC) of Ukraine Bureau of Industry and Security Office of Defense Trade Controls Financial Crimes Enforcement Network State Financial Monitoring Service (SFMS) of Ukraine National Security and Defense Council Bureau of Industry and Security (BIS), US Dept. of Commerce US State Department Office of Defense Trade Controls United States Department of the Treasury - Financial Crimes Enforcement Network Denied Person List (DPL) Entity List Unverified List (Section Special measures) ISA Iran Sanctions Act US Department of State ISN MRI OFAC International Security and Nonproliferation Marijuana Related Investment Office of Foreign Assets Control TEL Terrorist Exclusion List Argentina SSN Superintendencia de Seguros de la Nación Bureau of International Security and Nonproliferation (BISN) US Securities and Exchange Commission Office of Foreign Assets Control U.S. Department of State - Office of the Coordinator for Counter terrorism Superintendencia de Seguros de la Nación Sanctioned entities SDN list (Specially Designated Nationals list) Non-SDN list (all non-sdn sanctions lists) Contact us If you do not find the required list in this table, please contact your account manager. They will provide a cost estimate for investigation by the Firco List Service team. If the list is accessible and public, we will be able to supply it and then add it to our catalogue. Contact us today for more information about the advantages Fircosoft can offer your organisation see accuity.com

6 accuity.com Boston, Chicago, Dubai, Frankfurt, Hong Kong, London, Miami, New York, Paris, Pretoria, San Diego, São Paulo, Shanghai, Singapore, Strassen, Sydney, Tokyo About Accuity Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimise payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations. Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.