In the last few years, adverse media screening has become a diligence best practice for AML risk in the ever-changing regulatory environment. As with all sources of risk-relevant information, companies may find it overwhelming to identify what information is relevant, how to apply it to provide additional insight and coverage, and how to ingest the information without overwhelming an already-stretched compliance and trust/safety team.
Benefits of Adverse Media:
- Augments profiles of PEPs and those on sanctions lists to give a full profile of the subject, allowing you to accurately gauge risk of any individual or organization
- Very often a leading indicator of risk, highlighting subjects sometimes years before they ever make it onto a sanctions list
- Adverse media can be the only source of risk-relevant information available about subjects
- Adverse media can highlight associations or perceived associations not identified in official records