Adding Nth Parties to Third-Parties

You can add and screen child relationships to third-party records using the Nth parties tab on the Third parties details screen. Use this tab to create and manage related entities associated with a third party and to capture additional relationship details for due diligence and ongoing monitoring. Screening results for linked entities appear on the third-party record's Screening results tab.

To configure custom options, see To add custom Nth party relationship options.

To add an organization

  1. On the Third-Party Due Diligence menu, select Third parties.
    The Third parties screen appears.
  2. On the Third parties screen, open the record in which you would like to add a linked entity.
    The Third parties details screen appears.

  3. Select the Nth parties tab.


  4. Click the Add nth party button.
    The Add nth party modal appears.
  5. Select Organization and complete the fields.


    Field
    Description
    Name

    Enter the name of the organization.

    Country

    Select the country of the organization.

    Relationship

    Select the child-relationship type. The current options are:

    • Affiliated organization

    • Beneficial owner

    • Board member

    • Service provider

    Ownership percentage

    If known, enter the ownership percentage. This should be a number value.

  6. Click the Save button to finish or the Save and add new button to repeat the process.
    Click the Cancel button or away from the modal to stop the process.
    Note:

    You can add a maximum of 200 nth parties to a third-party record.

To add a person

  1. On the Third parties screen, open the item in which you would like to add a linked entity.


    The Third parties details screen appears.
  2. Select the Nth parties tab.


  3. Click the Add nth party button.
    The Add nth party modal appears.
  4. Select Person and complete the fields.


    Field
    Description
    First name

    Enter the first name of the person.

    Middle name

    Enter the middle name of the person.

    Last name

    Enter the last name of the person.

    Country

    Select the country of the person.

    Gender

    Enter the gender of the person.

    Date of birth

    Enter the date of birth of the person.

    Relationship

    Select the child-relationship type. The current options are:

    • Affiliated organizations

    • Beneficial owners

    • Board member

    • Service provider

    Ownership percentage

    If known, enter the ownership percentage. This should be a number value.

  5. Click the Save button to finish or the Save and add new button to repeat the process. Click the Cancel button or away from the modal to stop the process.
    Note:

    You can add a maximum of 200 nth parties to a third-party record.

To screen and/or monitor nth parties

Once you have added one or more nth parties, you can screen and monitor them using Dow Jones.

  1. On the Third parties details screen, select the Nth parties tab.
  2. Hover over the linked entity you would like to screen and/or monitor and click the Context menu icon.
  3. On the Context menu, select the screen and/or monitor option you'd like to initiate. The options include:

    Option

    Description

    Initiate screening and monitoring

    Select this option to begin the screening and monitoring process with Dow Jones for the linked entity.

    Note:

    You can also click the checkbox next to the linked entity name and click the Initiate screening and monitoring button.

    Initiate screening only

    Select this option to begin ONLY the screening process with Dow Jones for the linked entity.

    Initiate monitoring only

    Select this option to begin ONLY the monitoring process with Dow Jones for the linked entity.
  4. Click the Confirm button. To see the results of the screening and/or monitoring, select the View result link in the Screening results tab.

To add custom Nth party relationship options

  1. On the Third-Party Due Diligence menu, select Setup > Attribute Manager.
    The Attribute manager screen appears.
  2. Click the View button on the Linked entity attributes tile.
  3. Open the Relationship attribute.
    The Attribute details screen appears.
  4. Click the Add options button.
    The Add options modal appears.

  5. Enter a new option value in the Add new option field.
  6. Click the Add button.
  7. Repeat steps 1 through 6 to add more options if needed.
  8. Click the Save button.