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

AAD2018: Air BP tech services to support African aviation growth

International aviation fuel products and services supplier, Air BP, returns to Africa Aerospace and Defence (AAD2018) at Waterkloof Air Force Base in Pretoria, South Africa, this week, using the event to share how its technical

Qatari Typhoon and Hawk export deal takes off

Qatarís deal to buy 24 Typhoon jets and nine Hawks is now officially effective after BAE Systems received its first payment yesterday.

Net successfully snares space debris

The RemoveDEBRIS satellite has successfully used its on-board net technology in orbit, marking the first demonstration in human history of active debris removal (ADR) technology.

Steve Griffiths appointed Stansted Airport COO

Steve Griffiths, most recently Chief Operating Officer for the London Underground at Transport for London and previously Chief Operating Officer for Virgin Atlantic Airways, has been appointed Chief Operating Officer (COO) of

JFD and US Navy unveil Shadow Nav

JFD has partnered with the United States (US) Navyís Naval Surface Warfare Centre Ė Panama City Division (NSWC PCD) in the development of an advanced combat diver navigation module, Shadow Nav, bringing a hands-free underwater

ICAO calls for applications to YAPP

The International Civil Aviation Organization (ICAO) is calling for applications to the 2019 Young Aviation Professionals Programme (YAPP).

ODU SK191217191218
See us at
AdvancedEngin BT1406011118DVD18BT3105200918Aviation Africa 2019SMI GMSCBT3005081118SMIFAVSBT151118