A Crucial Layer in Financial Crime Risk Detection
Adverse media adds critical depth and context to financial crime detection, offering an additional lens through which to evaluate risk; it serves as a powerful data point in both name screening and transaction monitoring to uncover hidden or emerging risks.
What is Adverse Media Screening?
Adverse media screening (AMS), also known as negative news screening, involves identifying whether an individual or company poses hidden financial crime risks based on publicly available information or curated watchlists. The types of risks associated with adverse media include illegal activities such as fraud, corruption, extortion, tax evasion, drug trafficking, human trafficking, and other predicate offences under anti-money laundering (AML) regulations.
How AMS Fits into Name Screening Detection and Supports Decisioning
Adverse media screening acts as an additional layer of scrutiny within the client onboarding or CDD process to complement sanctions and PEP screening. Understanding a potential client’s adverse media risk is an important component when evaluating their overall customer risk rating.
How Adverse Media Enhances Transaction Monitoring Investigations
For transaction monitoring, Silent Eight goes further by incorporating real-time public domain adverse media data to add critical context to cases and investigations.
Key advantages:
In summary, public domain AM screening in transaction monitoring enables risk-driven investigations, uncovers hidden risks, and gives your teams the power to act with greater speed and precision.
