SWF


SWIFT Certification - SWF 2016

THE CHALLENGES

In today’s complex and challenging financial environment, banks need an effective solution to filter transactions and customers against watch lists. Equally as important is mee­ting the requirements of national and international AML laws and regulations including FATF recommendations, UN resolutions, the EU anti-money laundering directive, and the U.S. Patriot Act. Screenings of sanction lists are thus vital to protect banks against money laundering and to help them comply with regulations. 

THE SOLUTION 

en.SafeWatch Filtering is a web-based solution composed of a series of tools targeted to AML detection in real time and batch mode. With a highly-sophisticated matching engine, en.SafeWatch Filtering aims to be the central checking point for an institution’s financial traffic. Having a single detection point helps compliance officers and auditors to have only one interface where alerts from all sources are concentrated. 
At a very high level, en.SafeWatch Filtering obtains infor­mation from data connectors. Captured data is then processed by the server and checked against all loaded lists through a rule engine. After execution of these rules, detections can be either ignored or logged. They can also generate alerts that are sent to the central alert management interface. Alerts are regrouped to allow compliance officers or other en.SafeWatch Filtering users to display alerts, verify details, and act on alerts from a single point. 

Optimal protection with en.SafeWatch Filtering and Dow Jones 

Dow Jones Watch lists provide the world’s largest financial institutions and regulated firms with a high quality, well-structured risk screening solution for effective Anti-Money Laundering, Know Your Customer and Counter-Terrorist Financing compliance.  With accurate and comprehensive global coverage of high-risk individuals and entities, you can fulfill regulatory requirements to the highest standards.Enhancements on en.SafeWatch Filtering allow you to capture Special Interest Entities (SIE) and Special Interest Persons (SIP) that are not previously listed on sanction lists nor PEP lists. It also allows you to load adverse media Entities and  and  Relatives and Close Associates of PEPs. Download Factsheet below for more information 

KEY FEATURES

  • Ensure Compliance with AML Laws and Regulations 
  • Maintain a Low False Positive Rate 
  • Control costs with rapid deployment and implementation
  • Ensure smooth and seamless integration with existing systems & applications Comprehensive list support: In-house, EastNets provided lists services, and reputable vendors lists (Dow Jones, World Check, World Compliance, Accuity)
en.SafeWatch Filtering is a SWIFT Certified Application 



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Optimal protection with SWF and Dow Jones Risk and compliance databases

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SWF from a solution to an expert system

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