LONDON, July 06, 2017 (GLOBE NEWSWIRE) -- Dow Jones Risk & Compliance today announced that its processes and controls over its Sanctions Platform and Data Set have been audited against the International Standard on Assurance Engagements (ISAE) 3000 Type 1 by PricewaterhouseCoopers (PwC) for the third year running.
Developed by the International Auditing and Assurance Standards Board, ISAE 3000 is one of the most widely recognized standards used by accounting firms to independently assess a company's report regarding its control environment.
The report determines whether Dow Jones’s processes and controls have been designed and implemented effectively for key aspects of its sanctions platform and data set.
PwC assessed the processes and controls over the monitoring, processing and updating of sanctions information, as well as company-level, technology and quality check controls.
“In this heightened geopolitical environment, firms need to trust the integrity of the data they use to mitigate regulatory, commercial and reputational risk,” said Joel Lange, Managing Director of Dow Jones Risk & Compliance. “Successfully completing this audit is testament to the quality of our processes, controls and technology - as well as the expertise of our global research team.”
In addition to the lists published by major sanctions bodies, Dow Jones provides enhanced sanctions data, including third party content such as identifier codes of sanctioned banks and maritime-related information.
It recently expanded its sanctions ownership research content set, which covered over 11,000 entities as of May 2017 - including organizations owned or controlled by people and firms on sanctions lists.
In the past year, Dow Jones Risk & Compliance has also released a trade compliance feed for the monitoring of dual use goods in payment flows.
For more information about Dow Jones Risk & Compliance, click here .
About Dow Jones Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).
Media Contact Sophie Bent sophie.bent@dowjones.com
