Vendors

Disclaimer: Mr. Watchlist maintains these resource pages on a best-effort basis. It is not intended to be considered a definitive or comprehensive source of legislative or regulatory information.

Professional Associations:

Data Providers:

Watchlist Screening Software:

Customer Due Diligence (CDD)/Know Your Customer (KYC) Vendors:

Trade Compliance Vendors

Other:

  • 4xLabs (money changer software – Biz4x product includes compliance suite)

16 comments

    1. Thanks, Dave – let me look into it. I saw your company at the ACAMS conference in Las Vegas but, being with a vendor, couldn’t spend much time looking into the solution.

      I also want to keep away from AML suites, like Norkom or Oracle/Mantas. So, if the package is a KYC/EDD suite or a sanctions screening solution, I’ll be happy to list it. But I want to exclude things that don’t lend themselves to list-based screening – otherwise, I end up in areas I have little or no competence in.

      Thanks for the feedback.

      Mr. Watchlist

    1. Hi, Brad –

      Actually, I’ve been reticent to list AML players like Detica and Actimize. I don’t cover AML topics outside of CDD/EDD, really, so why list those vendors? Perhaps I’ll reconsider one day, but not for now.

      Thanks!

      Mr. Watchlist

    1. I’ve been a little remiss on updating vendor information, I’ll make that part of my next spring cleaning.

  1. Any thoughts on where one may subscribe to (or obtain a license) for a PEP data base. I realize these data bases are large. We have an in-house screening solution and would like to control the PEP data ourselves

    1. Well, I’m not unbiased, Martin. Dow Jones, my current employer, offers a PEP database which adheres to the FATF standards for inclusion, except when local regulations say otherwise.

      Feel free to contact me for more info.

      Eric

  2. Are you familiar with any decent comparisons done between the data providers listed? Do they each have a different sweet spot or jurisdictional focus? Trying to understand to waht degree leveraging World-Check vs. Dow Jones vs. World Compliance really matters from the PEP and neg news raw data set level.

    Tim

    1. Hi, Tim –

      Sorry for being really late to respond. Given that I work for Dow Jones, I’m not unbiased. Our sweet spot is in data quality – accuracy and completeness, most notably. Also, adherence to standards – so, our PEP listings match the FATF job categories unless local regulation (or guidance) says otherwise. My impression is that the others believe more in quantity than quality.

      For example, there is/was a Jeff Sohn on one of the other firm’s PEP lists. He was a project manager with the NY State Library Department. We would never list him.

      Similarly, we’be shied away from carrying SAM.gov’s content – because it’s garbage. It has duplicates, gaps and invalid data – like DUNS numbers not of the proper length.

      Once you get outside of published lists, the differences depends on what you value.

      Happy to take this offline and show anyone who is interested what I mean vis a vis our offerings.

      Eric

      1. That’s exactly what my thoughts on DJ’s sweet spot were Eric, the data quality, accuracy and completeness.

        Being on the same side of the argument now:), I was hoping to get you to check out our newest Anti Money Laundering service, which is based on the DJ’s data. It’s called NameScan.io and it’s a simple pay as you go service targeting SMEs. Our first partnership with Dow Jones started years ago with MemberCheck and I was also hoping MemberCheck could be added to this listing if you had any time to update this post.

        Nevertheless, I’d be glad to provide you with a couple of free orders, So you can check out NameScan. Direct message me on twitter if you’re interested.

        Cheers
        Sadra

  3. It seems that both worldcheck and LexisNexis WorldCompliance do not wish to offer access to their data to companies engaged with employment screening. Do you have any recommendations for a provider who is open for this sector?

    1. Major data vendors are not interested in this sector because it exposes them to a lot of legal liability – ti’s the same reason why HR tells you not to provide a substantive reference for a former employee. Even if your information is truthful, it exposes you to lawsuits and having a bias.

      Eric

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