in Aerospace

AEB and Dow Jones Risk & Compliance join forces

Posted 10 January 2018 · Add Comment

Software company AEB has signed a partnership agreement with the Dow Jones global news and information organisation.



Above: (left to right) Nicole Mantei, AEB Product Manager; Alex Tame, Dow Jones Risk & Compliance Global Head of Partners and Content Integration; Daniel Melvin, Dow Jones Risk & Compliance Director Partners and Content Integration; Jochen Guenzel, AEB Member of the Board.

This collaboration allows AEB customers to integrate content packages from Dow Jones Risk & Compliance into their sanctions list screening solutions so they can better protect themselves against violations of various embargoes. Additional Dow Jones content helps companies using AEB solutions to comply with regulations against money-laundering and corruption, and shield themselves from the reputational damage that such violations would bring about.

Of particular interest to manufacturing and commercial businesses is the SOR (Sanctioned Ownership Relations) package, which enables IT support for screening against bans on indirect provisions. These bans prohibit the provision of cash, goods, or other economic resources to companies or organisations that are controlled by terrorists or other people on restricted party lists. Such companies often do not appear on the official EU and US restricted party lists, so researchers at Dow Jones have put together their SOR list to document these sanctioned ownership relations. Now this list can be combined with the screening algorithm in AEB’s software to automatically check business transactions and customer lists for bans on indirect provisions.

Dow Jones offers a global library of sanctions lists, enforcement lists, and warning lists. This includes the PEP (Politically Exposed Persons) list. The PEP list includes policymakers and people in their direct circle who are subject to especially strict regulations to protect against corruption and money-laundering. Dow Jones also publishes a broad collection of 'adverse media' gathered from around the world. Companies can access this global database of articles to learn about any negative press reports on their business partners and get ahead of any potential damage to their own reputation. Joel Lange, Managing Director of Dow Jones Risk & Compliance, offers this assessment: “With businesses under more pressure than ever before to focus on compliance, we’re confident that our data offers best-in-class protection against financial crime activities. Working with Dow Jones’ sanctions lists will give AEB customers access to the most comprehensive and accurate data possible so they can meet their regulatory needs.”

“We are pleased to establish this partnership with a global content leader like Dow Jones. This agreement gives our customers enhanced and highly efficient risk management that closes a security vulnerability in sanctions list screening,” said Geoff Taylor, Managing Director of AEB (International) Ltd.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Aircraft production soars towards annual record

November reached new heights for aircraft deliveries, as both the highest month of this year so far and the best November on record.

Treehouse yields positive results for BAE Systems

Gloucestershire based Innovation & Creative Training Company, Treehouse, has recently completed its first management development programme for BAE Systems’ Combat Air Product Support department, with the Managing

Supacat's SOV-MH fleet accepted in New Zealand

Supacat has announced that the fleet of Special Operations Vehicles – Mobility Heavy (SOV-MH) has been accepted by the New Zealand Ministry of Defence and goes into service with the New Zealand Defence Force early this year.

FDM invests in HP MJF 3D printer

UK additive manufacturing company, FDM Digital Solutions, has invested in a cutting-edge HP additive manufacturing machine which will revolutionise the way end use components are manufactured, saving time, money and resources.

R-TECH showcasing composites capabilities at JEC World

South wales based R-TECH Materials, an award-winning UK testing laboratory, is showcasing its composite capabilities at this year’s JEC World in Paris (6–8 March 2018).

TrueNoord makes sales and marketing personnel changes

TrueNoord has announced the appointment of Richard Jacobs to Head of Sales & Marketing and Carst Lindeboom as new Sales Director.

Aviation Africa SK18418
See us at
SMI NCWBT3110020218FIL18 BT111017220718Aviation Africa BT18418S&P BT281117080318SMI FAVSABT2411120418