Tag: Adverse media screening
In a recent post by Moody's Analytics, the company explained how firms can uncover hidden risks with adverse media screening.
Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes.
Ripjar, a prominent entity in identifying and combating malevolent and illicit activity, unveiled its 2023 State of Adverse Media Screening report which focuses on the utilisation of adverse media screening amongst compliance professionals.
Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently...
A recent whitepaper by Celent has provided financial institutions (FIs) with tips on how to bolster their adverse media screening coverage to combat financial crime.
As risks of financial crime continue to rise in the digital world, companies will need to improve the use of technology-powered solutions. Adverse media screening is of growing importance and can offer more than just security.
Adverse media screening is a grey area. It is not particularly clear if it is a legal requirement, but some banks have been flagged for engaging with illicit people, which a simple adverse media search would have told the bank not to engage that person.