RiskScreen's AML data

World-class technology needs world-class data

Any engine is only as good as the fuel that’s put into it and the same is true of customer screening technologies.

RiskScreen is one of the few screening providers to offer customers a choice between Dow Jones and Refinitiv World-Check sanctions, PEP and watch list data, both of which, in our view, are unparalleled in their quality and scope.

For business KYB screening we use data from both kompany and Sayari (coming soon), which provide complementary coverage of corporate entities around the world, vital for UBO investigations.

Finally, while checks against AML data sets and corporate registry information are vital for regulatory compliance, checks against adverse media coverage are just as important to protect your reputation.

What makes good data?

ORGANISATION

Data should be well organised to enable the screening engine to utilise it in a consistent fashion to deliver accurate results

ALIAS DATA

Many 'bad actors' engage with businesses utilising aliases. The best data sets contain the most alias data

Quantity

Data sources should be as extensive as possible including secondary sanctions ownership data

IMAGES

Images help users identify whether potential matches are true or false

Accuracy

The data has to be constantly maintained and be as up to date and accurate as possible

LANGuAges

The best datasets capture data across as many languages as possible

Data definitions snapshot

Sanctions

The penalties for dealing with a sanctioned entity can be very severe. Comprehensive and regular sanctions screening is vital.

Secondary sanctions

Secondary sanctions relate to the ownership information of companies and their backers, individuals or organisations that have a link to a sanctioned entity.

Criminal watch lists

Watch lists contain individuals that are suspected of a crime, that are pending arrest, and that have been convicted in the past and since released.

PEPs & RCAs

The screening of all customers for PEP status is essential to the management of bribery and corruption risk and compliance with the EDD provisions applicable to PEP relationships.

SIPs & SIEs

Special Interest Persons and Special Interest Entities are individuals or organisations that present a heightened level of risk due to their suspected or confirmed involvement in criminal activity. 

Adverse media

Adverse media is unfavourable information that can be linked to an individual and that may implicate them in criminal activity – key to knowing your customer.

To learn more about what makes good screening data

or find out more here
Dow Jones | Refinitiv World-Check | kompany

Any screening technology is only as good as its underlying data. That’s why work to find the best providers, ensuring you get screening matches you can trust.

Resources

The latest news, commentary and events from RiskScreen. For industry insight, visit our AML insight hub, KYC360.

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Company

RiskScreen was founded by experts in financial crime. It’s because of this unrivalled subject matter expertise that companies choose to partner with us.