AML Screening

Although record fines are issued annually, an estimated $2 trillion is still laundered globally each year. Financial institutions and similar organizations must implement processes that can effectively identify PEPs and ensure that money is not derived from criminal activity. Compliance with AML requirements is a vital requirement for management, to ensure that legal requirements are met at both a local and global level. Do you want to fight illegal money-related activities?

AML screening
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Our AML screening includes 3 solutions:

People

Politically Exposed Persons (PEPs)Number One

Enhanced PEP profiles categorized for flexible searching

  • 100% PEP profiles checked for updates daily
  • Global coverage
  • Consolidated profiles with Sanction and Adverse media data
  • Tailored Screening

    Tailored Screening – every change to an entity is clearly categorized by 4 risk stages (High Risk to Low Risk), age and type to suit specific requirements

  • Updated Daily

    Updated Daily – our AI-based approach enables us to monitor more data sources and identify risk signals more quickly and comprehensively than traditional methods that rely on human analysts

  • RCA Coverage

    RCA Coverage – our PEP profiles are built with a major focus on Relatives and Close Associates (RCAs), including spouses, partners, and children, to increase accuracy and eliminate risks

Map

Global Sanctions & WatchlistsNumber Two

Comprehensive sanction list monitored in real-time

  • 1000s government, regulatory and law enforcement watchlists
  • Sanction updates in 15 minutes
  • Updates 7 hours ahead of the official source.
  • Instant Updates

    Instant Updates – we use the latest technologies in information retrieval and machine learning, providing confident and reliable screening against the cleanest Sanctions and watchlists, including OFAC, UN, HMT, EU, DFAT, and others from across the world

  • Fuzzy Matching

    Fuzzy Matching – advanced sanction screening with powerful, flexible “fuzzy matching” search capability that optimizes searches reducing false positives following a solid risk-based approach

  • Structured Profiles

    Structured Profiles – have the context to make the right AML risk decisions with comprehensive profiles enhanced with the most up to date Adverse Media and information on Politically Exposed Persons (PEPs)

Adverse

Adverse/Negative MediaNumber Three

Richer news insight combined into each entity profile

  • 150m articles read per month
  • 30,000 profiles updated everyday
  • 200+ countries and territories covered
  • Automatic Updates

    Automatic Updates – we use machine learning algorithms actively developed by world-leading engineering teams, and curated by teams of subject matter experts, to monitor tens of thousands of risk events from several million media articles, each day

  • Higher Quality Data

    Higher Quality Data – our algorithms are capable of processing 6.5 million articles per day more accurately and consistently than human counterparts. By contrast, a team of 50 researchers working 8-hours/ day without breaks can only process up to 24,000 articles.

  • Classification Accuracy

    Classification Accuracy – all profiles in our data have been accurately labeled with easy-to-justify categories to enhance your understanding. False positives are then significantly decreased by screening only against business relevant categories

With our AML screening you can:

  • affordably manage legal, reputational and compliance risk by screening against PEPs, sanctions, and adverse media lists.

  • help prevent financial crime and money laundering with automated one-time or ongoing monitoring

  • automate AML screening by using AI and advanced machine learning algorithms without the need for manual review

  • customize and tailor the AML process to your unique risk rules, thus reducing the number of false positives

  • combine face and document verification and AML screening into a single dashboard, thus making customer onboarding and KYC compliance in your company easy and simple

  • cover customers globally – check profiles of entities on global and national sanctions lists, including OFAC, HMT, UN, and thousands of other watchlists

  • protect your business reputation by using our top-level AML screening services, which are trusted by Bank of America, Santander, VISA, and other global corporate leaders

  • gain richer insights into your customers

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