Sanctions and PEP Screening for Isle of Man Trust Companies and Corporate Service Providers
Watchtower screens every person and entity you act for against the United Nations and United Kingdom lists, whose designations are effective in the Isle of Man. Plans start at $195 a month.
The Lists for the Isle of Man
United Nations and United Kingdom designations are effective in the Isle of Man. The UK Sanctions List carries the United Nations designations. The Government's guidance says a listing in another jurisdiction may justify enhanced due diligence.
Watchtower screens against the United Nations list and the UK Sanctions List. Watchtower also screens against the OFAC and European Union lists and the other government lists it carries, which shows you a listing in another jurisdiction.
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 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.