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ISS News Room

Background Screen Use of WorldWatch Plus Surges 55% in Q2

Consumer reporting agencies included WorldWatch Plus global sanctions, PEP and adverse media searches nearly 2 million times in the second quarter of 2017, an increase of 55% over the same period last year.

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Anti-money laundering laws pass unanimously in New Zealand

New Zealand Parliament has unanimously passed reforms to expand existing Anti-Money Laundering and Countering Financing of Terrorism laws to new groups. Sanctions coverage must keep pace.

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Sanctions on Mexican soccer star & “others” highlight need for Monitoring

The Treasury Department accused Mexican soccer star Rafael Marquez of acting as a front for a major drug trafficker as part of an enforcement action hitting 22 Mexican nationals with sanctions that freeze their assets in the U.S.

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Product Updates

Industry Insight

Kenneth Rijock’s Take on Real-Time Sanctions Data

Second-generation AML/CFT performance is cloud-based and real time, delivering data far more efficiently than the first generation database model created in 2001 (and not upgraded since), says Kenneth Rijock, a financial risk programs expert. Read the full article at: rijock.blogspot.com

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Trend of increasing sanctions programs will continue

A former adviser to President Obama predicts continuity by the Trump administration in the frequent use of sanctions in foreign policy. Since 2000, there has been a nearly 300 per cent increase in sanctions programs in the US, with a commensurate increase in complexity in implementation, enforcement and compliance.

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Yikes: The Perils of Remediation and Corporate Monitors – Corruption, Crime & Compliance

The Justice Department has raised the stakes on anti-corruption compliance. DOJ prosecutors expect companies to have more sophisticated and mature compliance programs that are operational and not just conceptual. Some firms have looked at AML and KYC regulations and concluded what the minimum required process might be for checking names and entities against sanctions and watch lists.

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“Chip washing” accelerates inclusion of Casinos in AML laws; monitoring tools need to keep pace

The Philippine Senate may soon include casinos in the country’s Anti-Money Laundering Act. The Financial Action Task Force (FATF) has been consistently vocal about including casinos in AML initiatives. The tools used to monitor AML need to be equally adaptive. Global sanctions, financial fraud, and watch list services best serve their clients when data is refreshed daily from as many sanctioning body sources as possible.

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News & Events

ISS Continues Evolution Toward Digital Data Services for Employment Screening and Due Diligence

International Screening Solutions made a move toward greatness this week when it sold its 10-year-old international criminal background and verification business lines to focus on its emerging digital data product suite. ISS continues to serve customers in the employment screening marketplace with WorldWatch Plus, CrimWatch and GlobalChek ID validations.

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Is your due diligence tool catching the new sanctions over Iran’s missile test

US sanctions were issued last week in response to Iran’s recent ballistic missile test. The sanctions target 13 people and 12 companies, including groups in China, Lebanon and the United Arab Emirates. Global sanctions in today’s political climate may be issued and withdrawn with more alacrity with less advance notice. WorldWatch Plus refreshes global sanctions data every 24 hours.

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