Dow Jones’ ​​Advanced Screening & Monitoring (ASAM) solution was awarded Best PEPs & Sanctions Screening Solution at the 7th Regulation Asia Awards for Excellence 2024, on 4 November 2024.

The award recognises Dow Jones Risk & Compliance​​’s innovative approach to achieving accuracy, adaptability, and regulatory compliance in global sanctions screening.

The Best PEPs & Sanctions Screening Solution award celebrates solutions that drive compliance excellence through advanced screening technologies, recognising tools that offer high accuracy, reduce false positives, and utilise comprehensive data to efficiently identify PEPs and sanctioned entities. This award emphasises the crucial role of innovation in upholding regulatory integrity in an evolving global geopolitical landscape.

Dow Jones’ ASAM solution was selected in a highly competitive category for its high accuracy, adaptability, and alignment with regulatory standards. With advanced machine learning and natural language processing (NLP) capabilities, ASAM helps firms streamline their compliance operations and enhances anti-money laundering (AML), sanctions, and anti-corruption compliance. The solution leverages Dow Jones’ extensive content and risk database, covering PEPs, sanctions, and adverse media globally, enabling institutions to meet regulatory requirements with confidence and precision.

The judges also highlighted ASAM’s customisable risk settings that allows for  customisation with options to adjust screening parameters to specific requirements, along with its scalable infrastructure, which ensures robust performance across high data volumes. “This flexibility makes ASAM an invaluable asset for organisations of all sizes,” said one judge on the Regulation Asia Awards panel. “The Dow Jones ASAM solution stands out for its precision and customisability.”

“This award underscores the broader implications of innovation and technology in today’s dynamic geopolitical and sanctions environment,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “Dow Jones’ ASAM solution exemplifies how advanced tools and comprehensive data can reinforce data integrity, governance, and resilience across the financial sector, setting a new standard for effective compliance in a rapidly evolving global landscape.”

Richard Butler, Head of Proposition, APAC, Dow Jones Risk & Research, said: “We’re delighted to receive the Regulation Asia Awards and we appreciate the judges’ recognition for acknowledging our contributions to the compliance industry. This award is a nod to the entire Dow Jones team who works so hard on either producing our sanctions and PEP data of the highest quality, or delivering our award-winning technology, all of which aligns to regulatory guidance.”

“Geo-political concerns continue to increase in both speed and frequency and sanctions have now become a well established tool of foreign policy. APAC and the world continue to see rapidly evolving regulations and data changes, making our work more important than ever. We also thank our partners and clients for their continued trust in the work that we do.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.