Dow Jones Introduces Sanction Alert

Sep 04, 2009

Dow Jones Sanction Alert, a new highly structured data feed, aims to help financial institutions worldwide manage the impact of enhanced international payment formats by reducing false positives and duplicate alerts without increasing exposure to risk.

New National Automated Clearing House Association (NACHA) regulations taking effect on Sept. 18 and changes to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) message formats taking effect Nov. 21 will increase the number of payments classed as international and therefore subject to sanctions regimes and result in a corresponding increase in the number of high-priority alerts requiring immediate investigation. These new regulations make it increasingly important to reduce the number of false positives.

The Dow Jones Risk & Compliance Sanctions Team monitors international sanction lists 24 hours a day from five research centers around the world, relying on a strict set of quality controls and secondary identifiers to increase efficiency.