Customer and other related party names and country (i.e., collective investment vehicle name, pension fund name, name of corporation for corporate cash). Beneficial Owners/Material Shareholders names and country. Check the names of the following against the applicable Sanctions lists AML KYC CoE using Prime and WorldCheck: (Shared Services) Controlling parties and associated third parties. Enter the following information into Prime for individual customers: AML KYC CoE (Shared Full legal name (last name, first name, and middle initial); and Services) City and country of residence. the following information into Prime for other related parties (if AML KYC CoE applicable): (Shared Services) to the KYC Requirements Matrix for the related parties’ information to be captured and Appendix G. Information required to be identified in relation to third parties (such as Beneficial Owners) each as defined in the Global AML Policy, must be screened at the time of account opening. Perform investigative to determine whether the customer or related AML KYC CoE party being screened is the individual or entity against whom the various (Shared government have leveled sanctions if a potential match is identified. Services) The following lists the steps that AML KYC CoE (Shared Services) performs to screen the customer. Step Action Owner Compare the name of the customer or related party being screened to the AML KYC CoE name of the sanctioned party. If no combination of the first and last names (Shared of the individual or entity matches those of the sanctioned party, this should Services) be considered a Negative Match (as defined below) and there is no need to proceed to the next steps. It is important to also compare the name of the individual or entity identified screened to all alternate names, or shown for the “AKA” sanctioned party. In the case of businesses/organizations, perform this analysis for the business/organization name. Compare the individual’s DOB (Date of Birth) and POB (Place of Birth if applicable/available) with those shown for the sanctioned party. Compare the individual’s or entity’s identification data to that shown for the sanctioned party. If information sufficient to clear the potential match cannot be obtained, the potential match should be forwarded to the respective Business Unit. If there is a potential match, determine which of the below four scenarios AML KYC CoE applies: (Shared Services)
Customer and other related party names and country (i.e., collective investment vehicle name, pension fund name, name of corporation for corporate cash). Beneficial Owners/Material Shareholders names and country. Check the names of the following against the applicable Sanctions lists using Prime and WorldCheck: Controlling parties and associated third parties. AML KYC CoE (Shared Services) Enter the following information into Prime for individual customers: Full legal name (last name, first name, and middle initial); and City and country of residence. AML KYC CoE (Shared Services) the following information into Prime for other related parties (if applicable): to the KYC Requirements Matrix for the related parties’ information to be captured and Appendix G. Information required to be identified in relation to third parties (such as Beneficial Owners) each as defined in the Global AML Policy, must be screened at the time of account opening. AML KYC CoE (Shared Services) Perform investigative to determine whether the customer or related party being screened is the individual or entity against whom the various government have leveled sanctions if a potential match is identified. AML KYC CoE (Shared Services) The following lists the steps that AML KYC CoE (Shared Services) performs to screen the customer. Step Action Owner Compare the name of the customer or related party being screened to the name of the sanctioned party. If no combination of the first and last names of the individual or entity matches those of the sanctioned party, this should be considered a Negative Match (as defined below) and there is no need to proceed to the next steps. It is important to also compare the name of the individual or entity identified screened to all alternate names, or “AKA” shown for the sanctioned party. In the case of businesses/organizations, perform this analysis for the business/organization name. Compare the individual’s DOB (Date of Birth) and POB (Place of Birth if applicable/available) with those shown for the sanctioned party. Compare the individual’s or entity’s identification data to that shown for the sanctioned party. If information sufficient to clear the potential match cannot be obtained, the potential match should be forwarded to the respective Business Unit. AML KYC CoE (Shared Services) If there is a potential match, determine which of the below four scenarios applies: AML KYC CoE (Shared Services)
StateStreet_KYC%20Platform_Participant%20Guide_V2.4_10-Mar-2015.docx