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REDUCE THE TIME SPENT
SCREENING PEPS
WEBINAR
PRESENTERS:
Jeff Woods
Head of Risk Specialty Sales
Thomson Reuters
Andrew Simpson
Chief Operating Officer
CaseWare Analyt...
AGENDA
1. PEPs are a growing problem
2. Today, you have to do more with less
3. How can my PEP screening get more efficien...
PEPS ARE A GROWING PROBLEM
• Each profile within World-Check represents only a single
individual or entity. There is only ...
PEPS ARE A GROWING PROBLEM
• Each profile within World-Check represents only a single
individual or entity. There is only ...
PEP IS A GROWING PROBLEM
• Each profile within World-Check represents only a single
individual or entity. There is only on...
DE-DUPLICATION
• De-duplication significantly
reduces the number of record
that need to be screened
0
5000
10000
15000
200...
DE-DUPLICATION
• De-duplication significantly
reduces the number of record
that need to be screened.
• For Sanctions compl...
FIELDS IN WORLD-CHECK DATA
Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent-
screening-politically...
INDIVIDUALS IN WORLD-CHECK
• Over half of the World-Check Profiles fall into the
INDIVIDUAL category.
INDIVIDUALS IN WORLD-CHECK
• Over half of the World-Check Profiles fall into the
INDIVIDUAL category.
• Inclusion criteria...
INDIVIDUALS IN WORLD-CHECK
• Over half of the World-Check Profiles fall into the
INDIVIDUAL category.
• Inclusion criteria...
INDIVIDUALS IN WORLD-CHECK
• Over Half of the World-Check Profiles fall into the
INDIVIDUAL category.
• Inclusion criteria...
INDIVIDUALS IN WORLD-CHECK
• Over half of the World-Check Profiles fall into the
INDIVIDUAL category.
• Inclusion criteria...
PEP SUB-CATEGORIES
Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent-
screening-politically-exposed...
PROFILE TRENDS IN WORLD-CHECK
Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent-
screening-politica...
Jacob Zuma
3664
Nkosazana Clarice Dlamini Zuma
3645
Michael Hulley
1261867
Sonono Khoza
1261867
Thobeca Stacy Mabhija
7739...
OFAC
Stephen Ames Freeman
549028
Yusik Baskin
760639
John Colao
760640
Bella Itkina
760641
Stanley Looman
549037
Inna Malt...
AGENDA
1. PEP is a growing problem
2. Today, you have to do more with less
3. How can my PEP screening get more efficient?...
DOING MORE WITH LESS
• We are in a time of cost cutting
DOING MORE WITH LESS
• We are in a time of cost cutting
• 88% of Firms Planning Cost Cuts in Next 2 Years
• A Deloitte sur...
DOING MORE WITH LESS
• We are in a time of cost cutting
• 88% of Firms Planning Cost Cuts in Next 2 Years
• A Deloitte sur...
NEW HIRING IS VERY SLOW
AGENDA
1. PEP is a growing problem
2. Today, you have to do more with less
3. How can my PEP screening get more efficient?...
WHY PEP RISK SCORING PROCESS?
• In an ideal world, your compliance team would spend the
most time screening and continuall...
PEP RISK SCORING PROCESS REALITY
• In reality, due to sheer volumes, many compliance teams
spend the most time screening a...
BUILDING PEP RISK SCORING MODEL
Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent-
screening-politi...
THE BROADER AML PROGRAM:
Andrew Simpson
Chief Operating Officer
CaseWare Analytics
AGENDA
USE IN A BROADER AML CONTEXT
1. Automation options
2. Real time integration
3. Influencing risk scoring
4. Workflow...
AUTOMATION OPTIONS
• Periodic screening
• Real time transaction screening
REAL TIME INTEGRATION
RISK SCORING
• Incorporate Sanctions hit score in overall customer risk
score
• Other risk scoring sources:
• Transaction ...
WORKFLOW & CASE MANAGEMENT
• Engaging all stakeholders
• Documenting false positives
• Adaptive workflows that learn
• Ide...
WORKFLOW & CASE MANAGEMENT
DASHBOARDS
QUESTIONS
casewareanalytics.com
risk.thomsonreuters.com
aml@caseware.com
REDUCE THE TIME SPENT
SCREENING PEPS
WEBINAR
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AML: Reduce the Time Spent Screening Politically Exposed Persons (PEPs)

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The following are slides from a joint webinar with CaseWare Analytics and Thomson Reuters. To listen to the full recording, visit https://www.casewareanalytics.com/webinars/reduce-time-spent-screening-politically-exposed-persons

About the webinar:
With increasing demands, minimizing the time we spend screening third parties and clients who have been on-boarded to fulfill anti-money laundering (AML) compliance requirements is more important than ever.

This webinar reviewed practical examples of how Politically Exposed Persons (PEP) lists along with continuous monitoring software are used as part of an AML program to segment users into high-, medium- and low-risk groups as well as how to reduce risks.

At the end of presentation, attendees
1. Understood PEP screening in more detail and its competitive advantage
2. Were able to identify strategies on how to complete PEP screening more efficiently
3. Understood how automated screening can increase your risk and regulatory protection

To listen to the full recording, visit https://www.casewareanalytics.com/webinars/reduce-time-spent-screening-politically-exposed-persons

SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic

Published in: Data & Analytics
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AML: Reduce the Time Spent Screening Politically Exposed Persons (PEPs)

  1. 1. REDUCE THE TIME SPENT SCREENING PEPS WEBINAR
  2. 2. PRESENTERS: Jeff Woods Head of Risk Specialty Sales Thomson Reuters Andrew Simpson Chief Operating Officer CaseWare Analytics
  3. 3. AGENDA 1. PEPs are a growing problem 2. Today, you have to do more with less 3. How can my PEP screening get more efficient? 4. Q & A
  4. 4. PEPS ARE A GROWING PROBLEM • Each profile within World-Check represents only a single individual or entity. There is only one profile for each individual or entity.
  5. 5. PEPS ARE A GROWING PROBLEM • Each profile within World-Check represents only a single individual or entity. There is only one profile for each individual or entity. • For example, Hassan Abdullah Hersi Al-Turki (UID: 233012) is listed on 49 different government lists, but is only listed in World-Check as a single profile.
  6. 6. PEP IS A GROWING PROBLEM • Each profile within World-Check represents only a single individual or entity. There is only one profile for each individual or entity. • For example, Hassan Abdullah Hersi Al-Turki (UID: 233012) is listed on 49 different government lists, but is only listed in World-Check as a single profile. • De-duplication is a critical competitive advantage as it greatly decreases remediation efforts and simplifies match validation. Each match a user gets against World-Check data is a unique individual or entity.
  7. 7. DE-DUPLICATION • De-duplication significantly reduces the number of record that need to be screened 0 5000 10000 15000 20000 25000 Raw Deduplicated UN SECO UKHMT OFAC DFAT CANS EU
  8. 8. DE-DUPLICATION • De-duplication significantly reduces the number of record that need to be screened. • For Sanctions compliance, this can reduce workloads by well over 50% 0 5000 10000 15000 20000 25000 Raw Deduplicated UN SECO UKHMT OFAC DFAT CANS EU
  9. 9. FIELDS IN WORLD-CHECK DATA Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent- screening-politically-exposed-persons to listen to the full webinar and see the different fields and categories that are available in the World-Check Data.
  10. 10. INDIVIDUALS IN WORLD-CHECK • Over half of the World-Check Profiles fall into the INDIVIDUAL category.
  11. 11. INDIVIDUALS IN WORLD-CHECK • Over half of the World-Check Profiles fall into the INDIVIDUAL category. • Inclusion criteria for INDIVIDUAL profiles are: • Person accused, investigated, arrested, charged, indicted, detained, questioned, or on trial for World-Check related crimes, but not yet convicted
  12. 12. INDIVIDUALS IN WORLD-CHECK • Over half of the World-Check Profiles fall into the INDIVIDUAL category. • Inclusion criteria for INDIVIDUAL profiles are: • Person accused, investigated, arrested, charged, indicted, detained, questioned, or on trial for World-Check related crimes, but not yet convicted • Individual appointed to a PEP position (as opposed to elected)
  13. 13. INDIVIDUALS IN WORLD-CHECK • Over Half of the World-Check Profiles fall into the INDIVIDUAL category. • Inclusion criteria for INDIVIDUAL profiles are: • Person accused, investigated, arrested, charged, indicted, detained, questioned, or on trial for World-Check related crimes, but not yet convicted • Individual appointed to a PEP position (as opposed to elected) • Individual appearing on a regulatory, law enforcement, or global sanctions watch list such as OFAC
  14. 14. INDIVIDUALS IN WORLD-CHECK • Over half of the World-Check Profiles fall into the INDIVIDUAL category. • Inclusion criteria for INDIVIDUAL profiles are: • Person accused, investigated, arrested, charged, indicted, detained, questioned, or on trial for World-Check related crimes, but not yet convicted • Individual appointed to a PEP position (as opposed to elected) • Individual appearing on a regulatory, law enforcement, or global sanctions watch list such as OFAC • Immediate relative or close associate of primary PEPs
  15. 15. PEP SUB-CATEGORIES Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent- screening-politically-exposed-persons to listen to the full webinar and see the PEP sub-categories available in the World-Check Data.
  16. 16. PROFILE TRENDS IN WORLD-CHECK Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent- screening-politically-exposed-persons to listen to the full webinar and see the profile trends in World-Check Data.
  17. 17. Jacob Zuma 3664 Nkosazana Clarice Dlamini Zuma 3645 Michael Hulley 1261867 Sonono Khoza 1261867 Thobeca Stacy Mabhija 773929 Nonkululeko Mhlongo 1220372 Shabir Shaik 12156 African National Congress 118120 Gloria Bongi Ngema 1269357 Duduzane Zuma 781364 Duduzile Zuma 777069Gugu Zuma 781362 Manqoba Kholwani Zuma 1310619 Mantuli Zuma 773928Michael Zuma 1683824 Msholozi Zuma 781363 Nhlakanipho Vusi Zuma 781356 Phumzile Zuma 781357 Saady Zuma 781358 Sinqobile Zuma 770070 Sinqumo Zuma 1269364 Sizakele Gertrude Zuma 98703 Thandekile Matina Zuma 1212272 Thandisiwe Zuma 777071 Thuli Zuma 781361 Thuthu Zuma 781360 WORLD-CHECK LINKS & NETWORKS
  18. 18. OFAC Stephen Ames Freeman 549028 Yusik Baskin 760639 John Colao 760640 Bella Itkina 760641 Stanley Looman 549037 Inna Maltseva 760643 Marta Poisik 760642 Eduardo Raschkovsky 1176646 Fernando Melciades Zevallos Gonzales 44395 Air Sweden AVV 760638 Air Ventures AVV 729457 Freeman, Haber, Rojas & Stanham 760649 International Airlines Investors LTD 729455 Interstar Aviation 549011 Jet Aircraft Leasing 549013 Millenium Acquisition 549006Palm Air Holding 549036 SkyAviation AVV 729456 HIDDEN RISKS IN WORLD-CHECK
  19. 19. AGENDA 1. PEP is a growing problem 2. Today, you have to do more with less 3. How can my PEP screening get more efficient? 4. Q & A
  20. 20. DOING MORE WITH LESS • We are in a time of cost cutting
  21. 21. DOING MORE WITH LESS • We are in a time of cost cutting • 88% of Firms Planning Cost Cuts in Next 2 Years • A Deloitte survey finds some cost-cutting is more typical of distressed companies than a ‘save to grow’ strategy. • (Matthew Heller April 28, 2016)
  22. 22. DOING MORE WITH LESS • We are in a time of cost cutting • 88% of Firms Planning Cost Cuts in Next 2 Years • A Deloitte survey finds some cost-cutting is more typical of distressed companies than a ‘save to grow’ strategy. • (Matthew Heller April 28, 2016) • CITI: The ‘Uber moment’ for banks is coming – and more than a million people could lose their jobs • (Portia Crowe March 30, 2016)
  23. 23. NEW HIRING IS VERY SLOW
  24. 24. AGENDA 1. PEP is a growing problem 2. Today, you have to do more with less 3. How can my PEP screening get more efficient? 4. Q & A
  25. 25. WHY PEP RISK SCORING PROCESS? • In an ideal world, your compliance team would spend the most time screening and continually monitoring the highest risk PEPs in your system
  26. 26. PEP RISK SCORING PROCESS REALITY • In reality, due to sheer volumes, many compliance teams spend the most time screening and continually monitoring the lowest risk PEPs in their system PEP scoring can change how you spend your time
  27. 27. BUILDING PEP RISK SCORING MODEL Visit https://www.casewareanalytics.com/events/webinar-reduce-time-spent- screening-politically-exposed-persons to listen to the full webinar and learn how to build and optimize your PEP risk scoring model.
  28. 28. THE BROADER AML PROGRAM: Andrew Simpson Chief Operating Officer CaseWare Analytics
  29. 29. AGENDA USE IN A BROADER AML CONTEXT 1. Automation options 2. Real time integration 3. Influencing risk scoring 4. Workflow & case management 5. Visualizations and dashboards
  30. 30. AUTOMATION OPTIONS • Periodic screening • Real time transaction screening
  31. 31. REAL TIME INTEGRATION
  32. 32. RISK SCORING • Incorporate Sanctions hit score in overall customer risk score • Other risk scoring sources: • Transaction monitoring • Regulatory reporting (e.g. SARs) • Onboarding process
  33. 33. WORKFLOW & CASE MANAGEMENT • Engaging all stakeholders • Documenting false positives • Adaptive workflows that learn • Identifying root cause • Capturing input to tune algorithms
  34. 34. WORKFLOW & CASE MANAGEMENT
  35. 35. DASHBOARDS
  36. 36. QUESTIONS
  37. 37. casewareanalytics.com risk.thomsonreuters.com aml@caseware.com
  38. 38. REDUCE THE TIME SPENT SCREENING PEPS WEBINAR

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