Power Check
Power Check_Watch List Data Base
Power Check provides current, accurate data and profiles about various seditious groups such as of terrorists, criminals, and drug dealers. All financial institutions must establish the information system on PEPs and terrorists according to regulations from the ‘FATF RECOMMNEDATIONS 12/22’ and ‘FIU Notice for Anti-Money Laundering and Countering Financing of Terrorism (2010-1).’
Power Check List
| Item | Description | |
|---|---|---|
| Type | Contents | |
| Watch List | FIU | List of persons subject to restrictions on financial transactions, issued by the Financial Services Commission, according to the clause 1 of article 4 of the ‘Act on Prohibition Against the Financing of Terrorism.’ |
| FATF | List of High-Risk and Non-cooperative Jurisdictions by FATF | |
| UN | Terrorists designated by UN(United Nations) | |
| OFAC | list of specially designated nationals and blocked persons by the Office of Foreign Assets Control | |
| KOR_IRN | UN Security Council Sanctions List, entities with Iran nationality | |
| EUROPE | Consolidated list of persons, groups and entities subject to EU financial sanctions | |
| UK | Her Majesty’s Treasury of financial sanctions targets | |
| PEPs | List of politically exposed persons | |
Features & Strengths
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Expertise
- Providing Watch List DB according to the system environment of client
- Providing DB with countless financial institutions since 2012
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Flexibility
- Providing DB in regular format but customized DB is also available on demand
- Daily and weekly DB updates for automatically interlocking lists, depending on client’s operating environment
DB Configuration
Power Check, Datamation’s Watch List DB, is updated as follows
Effects
Increasing the international creditworthiness and competitiveness
Effective coping with the AML Watch List related work process by using the data base that fits to the FATF, APG recommendations
Satisfying the AML regulations and proactive measures