Tag: Adverse media screening

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.