Why Adverse Media Screening needed
Adverse Media Screening is playing a vital for your reputation
It provides a vital early warning monitoring system for potential risk
Protect yourself and manage your risk
Support Person and Organization screening with Adverse Media Screening
Manual screening has limited effectiveness and is extremely time consuming, particularly if you have a large number of business partners
Adverse Media Screening is important for Customer Due Diligence (CDD) programmes
Also known as negative news screening or media monitoring, Adverse Media Screening searches for negative news and reputational risks on an individual or organisation’s onboarding, Know Your Customer (KYC), and Anti-Money Laundering (AML) process.
Why is Adverse Media Screening important?
In addition to traditional list-based searches, you will have more extensive searches.
What constitutes Adverse Media?
Adverse Media Screening can reveal the involvement of individuals and organisations with a variety of crimes. Bribery, corruption, financial crime, fraud, terrorism, and cybercrime are all examples of crimes that might need to be considered when monitoring a company or individual.
What are the important regulators saying?
Most of regulatories inform that Adverse Media Screening should be implemented when onboarding and during periodic reviews.
How to conduct Effective Adverse Media Screening?
Manual screening is time consuming, Which is why it is crucial that you leverage the latest automated advere media screening technology. It can also deliver far fewer false positives and allow you to scale your processes.
In conclusion
Every organization with a compliance function should use a high-quality Automated Adverse Media Screening Tools and make it an integral part of the overall risk prevention framework.
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Anti-Money Laundering AML/CFT Solutions