Politically Exposed Persons (PEPs)
Enhanced PEP profiles categorized for flexible searching
- 100% PEP profiles checked for updates daily
- Global coverage
- Consolidated profiles with Sanction and Adverse media data
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?
Enhanced PEP profiles categorized for flexible searching
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 – 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 – 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
Comprehensive sanction list monitored in real-time
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 – advanced sanction screening with powerful, flexible “fuzzy matching” search capability that optimizes searches reducing false positives following a solid risk-based approach
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)
Richer news insight combined into each entity profile
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 – 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 – 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
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