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This article applies to:

  • Product: ONESOURCE Global Trade
  • Sub-Product: Denied Party Screening

DPS Content Maintenance Procedures: Dow Jones Sanctions Ownership

Dow jones is a third-party grey list consisting of OFAC 50% rule blocked entities or individuals as well as the blocked entities or individuals having 50% or less ownership in any other firm which is not available OFAC source or any other government agencies.
Dow jones sanctions ownership list also consists of the blocked individuals or entities which have ownership stakes of 10% or more.
Dow jones identify if the sum of the sanctioned owners adds up to a majority stake or not, as defined by EU and U.S. regulators.
Sanctions Ownership Research identifies firms that are “controlled” by persons sanctioned by the US or EU:
  • Firms with sanctioned persons either in upper management or on the Board of Directors
  • Firms with sanctioned persons who exert voting control
Dow jones sanctions ownership list provides data in a structured format. List covers all information related to individual’s stakes in different companies. It also provides detailed information related to different sanctions under which individuals/entities designated.

Why do We Need the Dow Jones Sanctions Ownership List?

The main purpose is to create value for our customers by providing the visibility of a company’s ultimate owner, or the owner’s owner. Global ownership is complex and dynamic, spanning several countries and levels.
Lack of information pathways and authority to request this information further make compliance and reporting tricky. Therefore Dow Jones sanctions ownership list supports enhanced due diligence for such type of information.
Also, this list covers Blocked Entities/Individuals having ownership in other firms because as per OFAC, clients need to be cautioned when considering a transaction with a non-blocked entity in which one or more blocked persons have a significant ownership interest that is less than 50 percent or which one or more blocked persons may control by means other than a majority ownership interest so, to provide such data, this list came in picture.

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