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Company profileA Trusted Leader in Compliance, Payment and Cloud Solutions
ABOUT EASTNETS
KEY MILESTONES
A leading global provider of compliance, payments and cloud solutions for the Financial Services industry.
Over the past 30 years EastNets® has built distinctive expertise to develop and implement standardized and individual solutions against financial crime, and for risk management, monitoring, analysis, reporting, and state-of-the-art consultancy and customer support.
Over 1,000 customers, including some of the largest international financial institutions, rely on EastNets® solu-tions and professional services, and over 250 corporate and financial institutions rely on EastNets® for outsourced SWIFT connectivity and compliance software solutions made available as a service through its fully managed service bureaus.
EastNets® is a global company with regional offices in major cities, supported by a large network of global strategic partners.
5 REASONS TO CHOOSE EASTNETS• We help you transform the way you manage risk and
complexity
• Our solutions are in-house developed, with a complete product team behind each business line
• We provide a controllable room for customization to adopt any client’s special requirements
• 30+ year track record, 1000 customers in 120 countries, and top ranked anti money laundering solutions
• Cost effective rapidly deployable risk management and payment solutions
1984 Eastern Networks, now EastNets®, is founded
2001 Receives MS-SBSP
Fusion Award
2003 EastNets® launches a fully-hosted
outsourced SWIFT Service Bureau, today serving over 250 clients
2007 EastNets® acquires SIDE International, a market
leader for anti-money laundering solutions, and ranked by Celent in 2006 as providing one of the top
WatchList Filtering solutions
EastNets portfolio of solutions delivers strategic value to its customers by reducing risk, cost and complexity.
Visit our website for further details on each solution and to download the brochures : www.eastnets.com
GLOBAL OVERVIEW
FINANCIAL INSTITUTIONS NEEDS EASTNETS SOLUTIONS
DISCOVER HOW OUR SOLUTIONS CAN HELP YOU
FINANCIAL INSTITUTIONS NEEDS EASTNETS SOLUTIONS
Anti-Money Laundering
Suspicious Activities Monitoring en.SafeWatch Profiling
Watch List Screening en.SafeWatch Filtering
Know Your Customer en.SafeWatch KYC
Regulatory Compliance FATCA Compliance en.SafeWatch FATCA
Financial Messaging Management System
Long term storage, easy recall, and relevant report generation of financial Messages
en.TransactionData Repository
Next Generation Financial Messaging Hub
Effective payment workflow auto-mation & integration with multiple payment network
en.PaymentSafe
Financial Messaging Operations Safeguard
Lost Data disaster recovery en.Recovery
Duplicate Payment Avoidance en.DuplicateDetection
Cloud Services
SWIFT connectivity AML as a Service Payments as a Service
en.ServiceBureau Best-in-class software as a service and infrastructure as a service cloud solutions on EastNets SWIFT certified Service Bureau
PAYMENTSOLUTIONS
COMPLIANCE SOLUTIONS
CLOUDSOLUTIONS
2013 EastNets® recognized as Category
Leader in Chartis RiskTech QuadrantTM for Anti-Money Laundering Solutions 2013
2010EastNets® awarded SwiftReady Services
Label for 2010
2015 EastNets® launches a unique
Data analysis and Visualization tool in partnership with IBM
for state of the art Anti Money Laundering Capabilities
2011 EastNets® Wins
Financial-i’s Leaders in Innovation Award
2008EastNets® launches SafeWatch anti-money laundering solution
for transaction monitoring and profiling
CONTACT USContact us today to schedule a meeting, book a demo, or learn more about our solutions!
EASTNETS WORLDWIDE
OUR CERTIFICATIONSEastNets earned IBM DB2 Partnership Label and 2015 SWIFT Certified Application Labels:
• “Alliance Operational Add-on” for en.Recovery, en.DuplicateDetection, en.TDR, and en.ServiceBureau.
• “Alliance Screening Add-on” for en.SafeWatch Filering.
• “Alliance Monitoring Add-on” for en.Reporting 3.0.
• “IBM DB2” Partnership Label.
CertifiedApplication
2015
ScreeningAdd-on
Alliance
250+
1000+
30+
19
13
FIs connected
on ENSB
customers globally
years in operation
Global Channel partners
present in 30 countries
Regional Offices
New York • London • Paris • Waterloo • Luxembourg • Cairo • Beirut • Amman • Bahrain • Dubai • Karachi • Hong Kong • Johannesburg
en.SafeWatch Filtering®
Watch List Screening Anti-Money Laundering Solution
COMPLIANCE SOLUTIONS
THE CHALLENGESIn today’s complex and challenging financial environment, Financial Institutions (FIs) need an effective solution to filter transactions, payment messages, and customers against watch lists. Not only are regulatory requirements increasing, but it is also the sheer volume of transactions which pose new operational challenges for banks, especially those that are growing in size, and as a result, in compliance complexities.
Today, FIs must aim not only to fulfill conventional compliance needs, but also to look further to protect their operations and reputation. This means a need for screening beyond sanction lists, covering consequently lists such as PEPs, adverse media and other watch lists. Furthermore, capabilities of advanced screening to detect financial crime techniques such as wire stripping, and to comply with FATF Recommendation 16, are areas banks need to address, and are equally important in meeting the requirements of national and international AML/CTF laws and regulations including FATF recommendations, UN resolutions, the EU anti-money laundering directive, and the U.S. Patriot Act. At the same time, FIs need to ensure high operational efficiencies and low false positive rates to reduce costs and the risk of human error.
KEY FEATURES Screening Capabilities
Real-time blocking and batch screening capabilities are now possible. en.SafeWatch Filtering can screen the content of huge data sources: names, files, mes-sages, and databases. What’s more, it ensures quick and powerful screening with different message formats such as Swift, SEPA, Fedwire, XML, and other custom formats. For SWIFT messages, the engine scans certain fields/lines based on the nature of their data which leads to reduced false positive hits. Including payment mes-sage Stripping Detection, FATF Recommendation 16 compliance, and message pairing.
List Management Capabilities With en.SafeWatch Filtering, institutions can easily
manage an unlimited number of lists including sanc-tions, Politically Exposed Persons (PEPs) and adverse media lists. Features include list version control, offline tests and list comparisons. Better still, EastNets offers an automated official Watch List update service which provides access to official lists and their updates as soon as they are modified by regulatory authorities.
Detection Management Capabilities en.SafeWatch Filtering acts as a central monitoring
point for all financial traffic. It allows compliance officers and auditors to have one consolidated interface where alerts from all sources are concentrated.
High Operational Efficiency and Low False Positives en.SafeWatch Filtering is equipped with several features
to help compliance increase operational efficiency. These include False Positive Reduction features, such as Good Guys (White Lists), Violation/Business Rules, Smart SWIFT Fields Interpretation, Decision Replay, and List Set Rank. In addition, to false positive reduction fea-tures, the Automatic Block of Messages feature saves time spent by the compliance team on investigating real violations by automatically blocking them.
Reporting Capabilities To satisfy most regulatory and audit requirements,
en.SafeWatch Filtering offers standard reports that cover the most common reporting needs and custom reports.
Archiving Capabilities Any event or detection can be archived to protect
system efficiency and comply with data retention regulatory requirements.
THE SOLUTIONen.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 informa-tion 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.
This robust and real-time solution offers reporting and archi-ving capabilities that satisfy most regulators and audit requi-rements. Actions by the server and users are logged into the database’s protected audit trail and authorized users can query and report on the audit trail at any time.
en.SafeWatch Filtering®
Watch List Screening Anti-Money Laundering Solution
REASONS TO CHOOSE EN.SAFEWATCH FILTERING®
HOW DOES IT WORK?
Ensure Compliance with AML Laws and Regulations
Maintain a low false positive rate and achieve higher operational efficiencies
Control costs with rapid deployment and implementation
Ensure smooth and seamless integration with existing systems & applications
Comprehensive list support including: Dow Jones, World Check, Word Compliance, Acuity, as well as client in-house lists
Integration with en.PaymentSafeen.SafeWatch Filtering offers seam- less AML filtering integration with en.PaymentSafe-EastNets Financial messaging flow manager. It enables a Banks back office and compliance department to work together to screen automatically against AML sanction lists , SEPA Credit transfer, and SEPA Direct debit messages (amongst other types of SWIFT/ACH/RTGS messages), redu-cing costs and minimizing the workload on IT and compliance resources.
False Positive Reductionen.SafeWatch Filtering is equipped with an effective mechanism to substantially reduce false positive rates. Our experts also offer consultations to help FIs eva-luate and achieve lower false positive rates, to the ultimate goal of optimizing the compliance team’s time, effort, and reducing overall compliance costs.
HIGHLIGHTS
5
FATF Recommendation 16: Addresses the fundamental issue of data quality related to the originator of a payment, as well as the beneficiary, for both sent and received transactions throughout the payment chain. The new functionality allows FIs to monitor wire transfers, including SWIFT MT103, MT202 COV, MT205 COV, as well as SEPA messages, and easily detect mis-sing information including insufficient originator and/or beneficiary informa-tion, and hold message processing until a decision is taken on its completeness and adherence to the new requirements.
Name Check connector
BackOffice
Systems
Users
INTERACTVEWEB
MQ SeriesconnectorMQ
SAA connectorSWIFT
Database connectorDB
File connectorFILES
APIconnector
EN.PAYMENTSAFE
LISTS
RULES
en.SafeWatch Filtering Engine
Detection
en.SafeWatch Database Detections,
Alerts, Audit, Lists, Users, Profiles, Rules
Names
Files
Databases
Messages
No Detection Automatic Release of Message
Real Violation
False Positive
Detection Manager
GLOBAL OVERVIEW
CONTACT USContact us today to schedule a meeting, book a demo, or learn more about our solutions!
DISCOVER HOW OUR SOLUTIONS CAN HELP YOU
EastNets® is a leading global provider of compliance and payments
solutions for the Financial Services industry. Over the past 30 years
EastNets has built distinctive expertise to develop and implement
standardized and individual solutions against financial crime, and
for risk management, monitoring, analysis, reporting, and state-of-
the-art consultancy and customer support. Over 1,000 customers,
including some of the largest international Financial Institutions,
rely on EastNets solutions and professional services, and over 300
corporate and Financial Institutions rely on EastNets for outsourced
SWIFT connectivity and compliance software solutions made
available as a service through its fully managed service bureaus.
EastNets is a global company with regional offices in major cities,
supported by a large network of global strategic partners.
ABOUT EASTNETS
FINANCIAL INSTITUTIONS NEEDS EASTNETS SOLUTIONSFINANCIAL INSTITUTIONS NEEDS EASTNETS SOLUTIONS
Anti-Money Laundering &Combating Terrorist Financing
Suspicious Activities Monitoring en.SafeWatch Profiling
Watch List Screening en.SafeWatch Filtering
Customers Due Diligence en.SafeWatch KYC
Anti-Payment Fraud Real Time Payment Fraud Detection en.SafeWatch PaymentGuard
Tax Regulatory ComplianceIRS Reporting en.SafeWatch FATCA
Common Reporting Standards en.SafeWatch GATCA
Financial Messaging Management System
Long term archiving, easy recall, and relevant report generation of financial messages
en.TransactionData Repository
Next Generation Financial Messaging Hub
Effective payment workflow auto-mation & integration with multiple payment network
en.PaymentSafe
Financial Messaging Operations Safeguard
Lost Data Recovery en.Recovery
Duplicate Payment Avoidance en.DuplicateDetection
Cloud Services
SWIFT connectivity AML as a Service Payments as a Service
en.ServiceBureau Best-in-class software as a service and infrastructure as a service cloud solutions on EastNets SWIFT certified Service Bureau
PAYMENTSOLUTIONS
COMPLIANCE SOLUTIONS
CLOUDSOLUTIONS
Optimal protection with en.SafeWatch Filtering and Dow Jones Risk and compliance databases AML Watch List Screening Above and Beyond
EastNets’ flagship watch list screening solution en.SafeWatch Filtering gives you complete support for a wide range of lists to ensure complete coverage for various regulations and juris- dictions, including:
• A comprehensive assortment of Dow Jones sanctions lists including publicly available regulatory lists such as OFAC, UN, EU, OSFI, HMT and AUSTRAC.
• Dow Jones’s Incremental Lists, which allows you to manage your operations in a robust and efficient manner, giving you the ability to manage changes done to previous lists’ entities, reducing operational list management time and cost.
• PEP lists, PEP «Relatives and Close Associates» (RCA) as well as «Adverse Media Entities» are all made available.
• Non-PEP/non-Sanctioned entities, along with their «Relatives and Close Associates».
CRITICAL QUESTIONS YOU MUST CONSIDER 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.
COMPLAINCE KEEPS CHANGING, YOU MUST KEEP UP Compliance with continuously changing regulatory requirements
is extremely complex for financial institutions. During the past
years, AML best practices, and local and international regulatory
requirements, have been expanding beyond the traditional screening
against sanctioned entities. Screening against (PEPs), for instance, has
become a routine activity within a large percentage of financial institutions
prior to the account opening. More recently, other risk-related databases
proved to be of similar importance, such as adverse news databases.
AN ADVANCED SOLUTION TO CAPTURE IT ALL Our comprehensive solution enables consistent, global sanctions
screening with high-quality alerts that increase operational efficiency,
reduce compliance costs, and help you avoid regulatory penalties.
Does your watch list screening system offer optimal protection standards?
Does your AML system take into account adverse media entities (AMEs)?
What about high-risk entities; Special Interest Entities (SIE) and Special Interest Persons (SIP)?
How confident are you of the accuracy and comprehensiveness of your data.
CONTACT US
Combined with accurate and comprehensive global coverage of high-
risk individuals and entities within Dow Jones lists, en.SafeWatch Filtering
enables you to fulfill regulatory requirements to the highest standards.
Enhancements on en.SafeWatch Filtering allows 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 Databases and Relatives and
Close Associates of PEPs .
LOWER FALSE POSITIVES, ENHANCED EFFICIENCY Lower False Positives, Higher efficiency: SafeWatch Filtering enables
users to choose a selection of targeted categories from the Dow
Jones full lists to be loaded into the system. This ensures the system
scans only against targeted entities, consequently increasing the
efficiency of the system and minimizing false positives.
In line with our strategy to continuously provide you with the
most advanced solutions against Money Laundering and Terrorist
Financing risks, EastNets has carried out important enhancements
that have been introduced to its Watch List Screening solution;
en.SafeWatch Filtering in regards to the support of Dow Jones Risk
& Compliance Databases.
EN.SAFEWATCH FILTERING ENSURES:
• Complete support of multiple lists to ensure complete coverage for various regulations and juris- dictions
• High-quality alerts• Increased operational efficiency• Reduced compliance costs• Reduced False Positives
ABOUT EASTNETSEastNets® is a leading global provider of compliance and payments and cloud solutions for the Financial Services industry. Over the past 30 years EastNets has built distinctive expertise to develop and implement standar-dized and individual solutions against financial crime, and for risk management, monitoring, analysis, reporting, and state-of-the-art consultancy and customer support. Over 1000 customers including some of the largest international financial institutions rely on EastNets solutions and professional services, and over 300 corporate and financial institution rely on EastNets for outsourced SWIFT connectivity and compliance software solutions made available as a service through its fully managed service bureaus. EastNets is a global company with regional offices in major cities, supported by a large network of global strategic partners.
