So, companies match their static and transactional data… to what? What specific pieces of the watchlist listing should be matched? Well, what is there to match on? Well, there’s the name… what else? Listings often have addresses but you don’t really want to match on those alone. After all, street […]
Well, I mentioned in my previous post that I would deal with the problems I see with the “refer back to lower-level staff” workflow step separately. Well, this here is where I’m going to deal with it. The problem, to my mind, is the “puppy peeing on the carpet” problem. […]
It’s a useful way to look at, and design, your business processes and workflows for reviewing potential matches to watchlists, really. From left to right, you have a number of workflows, segregated out by the ways it makes sense for you to run your business. There are a lot of […]
So, what happens if a economic sanctions list violation happens? Well, in OFAC’s case, it’s pretty clear: they investigate and evaluate (based on the General Factors in their Enforcement Guidelines, and then take one of a number of actions: No Action – really! If there is insufficient evidence that a […]
Two releases today from across the pond: On the heels of last week’s updates to EU regulations based on UN updates to the Iranian program, the first notice from Her Majesty’s Treasury has updated their list of sanctioned entities. One individual and 18 entities were added, 2 were removed and […]
Some structural changes to the site today. First off, I added the OFAC Sudan program General Licenses. More importantly, though, I’ve put the General Licenses in their own page (under Regulatory Links) so the pages don’t get too unwieldy. Lastly, I’ve added the component lists from the Bureau of International […]
Now added to Regulatory Lists page: links to Israeli FIU called IMPA, and New Zealand Police, who maintain the terrorism lists. Added to the Watchlists page: The New Zealand Police and IMPA terror lists, the Nepal Credit Information Bureau blacklist, the Central Bank of Ireland Warning Notices, the OSFI and […]
Mr. Watchlist has added links in the appropriate spots on the Regulatory Links page for: The OFAC NPWMD (Non-Proliferation of Weapons of Mass Destruction) General License 6, relating to the arrest, detention and sale of the MV Uppercourt, currently detained in China The Her Majesty’s Treasury General Licenses for the […]
Here we go… Mr. Watchlist is stunned by the number of updates coming in over night (having new news subscriptions for Singapore and UK changes doesn’t help)… DFAT has updated its Iran sanctions program, subsequent to updates from the UN. 2 entities, Yas Air and SAD Import Export Company OSFI […]
OSFI implemented the changes to the terrorism program that the UN made (and DFAT implemented yesterday) … just letting you know. Links: OSFI release UN release
Mr. Watchlist 