Tag: Adverse media screening

Adverse media screening, traditionally a staple in the banking sector for anti-money laundering (AML), fraud prevention, and regulatory compliance, has now become a critical tool across various industries. As businesses navigate a world riddled with supply chain disruptions, geopolitical instability, and cyber threats, the importance of real-time risk intelligence cannot be overstated.

In the realm of AML protocols, Negative News Screening (Adverse Media Screening, AMS) stands as a critical frontline defence.

The implementation of the 6AMLD on June 3, 2021, marked a significant escalation in the accountability of financial institutions across European Member States.

In the rapidly evolving financial landscape, the sophistication of money laundering schemes has reached new heights.

Traditional Know Your Business (KYB) methods, while foundational, often fall short due to their reliance on static, point-in-time data.

Culture, geography, politics, and media reporting all create challenges for name matching in a KYC or due diligence process, even when software is used...

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...