Sanctions and PEP Screening for BVI Trust Companies and Registered Agents
Watchtower screens every person and entity you act for against the UK Sanctions List, which the Virgin Islands applies, and against the Virgin Islands list of Domestic Designated Persons. Plans start at $195 a month.
The Lists for the Virgin Islands
The Virgin Islands applies the UK Sanctions List, which carries the United Nations designations. The Financial Investigation Agency also keeps a Consolidated List of Domestic Designated Persons, and reports that it has designated no targets to date.
Watchtower screens against the UK Sanctions List and reads the domestic list every day. Watchtower also screens against the OFAC lists, which matter where a party has a connection to the United States, and against the other government lists it carries.
Politically Exposed Persons
Watchtower screens each person you act for against a roster of over 235,000 current and former holders of public office in 121 countries and territories, the British Virgin Islands among them. The roster also holds the family members of an office holder whom the public record names. PEP screening is included in every plan.
Ongoing Monitoring
Watchtower screens each party on the day you add it and then every day, every week or every month. You receive one report for each run that covers every party screened in it.
Certificates for Your Regulator
You receive a certificate for each screening of each party that states the date and time, the lists and the result. Each certificate is a PDF file that is locked against editing and digitally signed, which allows your regulator or auditor to confirm that it is unchanged since Watchtower issued it.
Pricing
Starter covers up to 500 parties for $195 a month. Firm covers up to 2,000 parties for $395 a month. Institution covers up to 10,000 parties for $795 a month. Every plan includes sanctions screening, PEP screening, certificates and reports.