The Definitive Guide

to Customer Screening
powered by

Comply and Outperform with KYC360

Contents
/ 4 What is Customer Screening?
- Which businesses need to screen their customers?
- Screening technologies
- Why screening matters

/ 8 Smarter screening: A how-to guide

- What sources should I screen against?
- The screening cycle
- Interpreting results

/ 12 Avoiding common pitfalls

- “We know our customers”
- Lack of applicable staff knowledge
- Evidencing your work

/ 16 What features do the best screening technologies have?

- Features & data
- Questions to ask your current screening provider

/ 19 About KYC360
- Data providers
- KYC360 modules

/ 21 Contacts

/2
What is Customer
Screening?

Screening is the process of dynamically comparing the Which businesses need to screen their
data you hold on customers, prospective customers, customers?
suppliers and counterparties against third-party data
for risk management purposes. The types of business that are legally required to
screen their customers varies between jurisdictions. In
Data you might want to screen against includes: nearly all countries there is an ‘AML regulated sector’
and businesses that fall within its ambit are required
/ Structured data, including sanctions, to screen as part of their Know Your Customer (KYC)
PEP (politically exposed person) and obligations.
watch lists.
The types of business commonly included in the
/ Unstructured data, in the form of regulated sector include:
adverse media.
/ Banks and credit institutions
/ Investment businesses
Why screen? / Money services businesses
/ Company & trust administration businesses
The principal objectives of screening are to manage
/ Law firms
the risk of doing business with ‘bad actors’ (such
as sanctioned or wanted persons) and to identify / Insurance providers
customers or prospective customers who pose an / Accountancy practices
elevated risk of criminality (such as PEPs) so that / Real estate agents
appropriate action can be taken to manage risk through, / Dealers in high value goods
for example the application of enhanced due diligence / Gaming businesses
(EDD).

If you are unsure whether your business is regulated

The overarching aim is to manage your organisation’s
for AML purposes your industry body or trade
exposure to money laundering, terrorist financing or any
association will be able to clarify the rules that apply to
other form of predicate criminality such as bribery and
you.
corruption, or tax crimes. In recent years, there’s been
an increasing focus on the benefits of reputational risk
Screening is also widely employed by businesses that
management through adverse media screening which
fall outside the AML regulated sector to help protect
compares customers against less formal data sources
against the risk of reputational damage that might
for early indications of potential risk. These indicators
arise from doing business with certain customers or
might include information about an individual prior to
becoming inadvertently involved with some form
the commencement of a criminal process, or to them
of predicate criminality. Bribery and corruption, for
becoming subject to sanctions.
example, is particularly acute in the natural resources,
armaments and pharma industries.

/3
Screening technologies

Every screening solution is comprised of two of screening they’re required to undertake, either by
components: the regulatory environment or investor expectations.
Then they need to identify the best screening engine
/ A screening engine - the technology that runs technology combined with the best quality data so
the data analysis and produces the results that they benefit from the most accurate results whilst
reducing the number of false positives.
/ The external data against which user customer data
is compared
Potential customer identified
The data is the fuel that drives the engine, and a
screening engine is only as good as the fuel that’s put
into it. There are three types of screening tool: Point / Manual Screening Tool
Potential customer name typed
/ Point/Manual screening – this form of screening into a point screening tool
tool requires users to manually input the name of the
customer they wish to screen. The tool then outputs ADVERSE MEDIA
Customer deemed to be CAN BE CHECKED
the results on a customer by customer basis
acceptable and onboarded AT BOTH POINTS

/ Batch screening - a screening engine to which

customer names are uploaded and screened
automatically with whatever regularity the business Batch Screening Engine
determines (normally overnight). The engine outputs As part of the onboarding process
the customer’s name and metadata are
results in relation to all customers for which there are
uploaded to a batch screening engine:
potential screening matches

/ Adverse media screening - screening against adverse HIGHEST RISK

media sources can be done either as a one-off action HIGH RISK

or as part of a batch process. It takes into account a
much broader set of source data, helps to provide
early warning of issues that may arise - or warning of POTENTIAL MATCHES
issues that don’t fall within the scope of traditional
screening categories - but carries with it the risk of
high numbers of false positives if not done correctly.
The customer is screened automatically overnight.
The challenge for businesses wishing to optimise their The engine outputs results in relation to all customers
compliance performance is to firstly identify what kind for which there are potential screening matches.

What False positives are potential screening matches that transpire not to relate to your
customers. Many screening engines require businesses to screen all customers
are false irrespective of their risk profile in a uniform way. This often results in a very large
number of false positives. Working through potential matches to identify which are true
positives? and which are false absorbs a huge amount of compliance resource and increases the
risk of human error.
/4
Input Data Quality
Assessment

At KYC360 we know that screening results are directly impacted by the quality of input data. If you put rubbish in you
are more likely to get rubbish out. The better quality the data that is input into a screening engine the fewer false
positives and the more true matches will result allowing you to focus on the signal of risk without the distraction of
noise.

Most screening providers rely just on algorithms to compensate for poor data quality but at KYC360 we also help you
to identify and correct defects in your input data through a self service data quality assessment tool that comes as
part of our Batch screening module.

KYC360 is the only screening provider in the world to offer this functionality as a core component of its screening
solution because we recognise that there cannot be effective screening without stringent quality control of input
data.

The input data quality assessment function will check and provide you with a report on any data quality issues giving
you the chance to take remedial steps and optimise your screening results.

KYC360 is the only screening

provider in the world to offer this
functionality as a core component
of its screening solution

/5
Why screening matters

Breaching sanctions— by doing business with

a sanctioned individual or entity—is a criminal
offence in almost all jurisdictions.

Increasingly harsh penalties are being applied by

regulators and prosecutors to businesses that fail
to screen customers adequately or fail to risk rate
them appropriately. Regulators don’t even need
to demonstrate that an organisation has been
exposed to criminality through their customer’s Failing to screen
activities – it is enough simply to show that its
AML controls were inadequate.
customers leaves
your business
Breaching sanctions by doing business with
sanctioned individuals or entities is a criminal
open to a host of
offence. In the UK for example prison terms of up consequences,
to 7 years can be imposed in addition to
unlimited fines for organisations that have
from fines and
failed to take precautions to prevent sanctions reputational
breaches.
damage to
In 2014 the New York Department of Financial
the criminal
Services fined Standard Chartered Bank $300m prosecution of
only two years after a penalty for the same
amount was imposed for the bank’s role in
staff and directors.
facilitating breaches of US sanctions against
Iran. The second fine was imposed because
of the bank’s failure to detect a large number
of potentially high-risk transactions for further
review even though no actual criminality was
identified. This was a salutary lesson for the
entire financial services industry and emphasised
the criticality of effective customer screening.

/6
Financial crimes are not
victimless

From violent drug traffickers, to fraudsters targeting

vulnerable people in online scams, the ability to move
illicit money without getting caught is central to a vast
range of criminal activity. If your business enables it,
you are facilitating the movement of money which may
ultimately result in great human suffering (this conclusion
was at the heart of a $1.9bn fine imposed on HSBC bank
in 2012 by the US for laundering money belonging to
Mexican drug cartels).

Breaching financial sanctions can also have a profound

impact on international politics. As the UN recently
reported, North Korea is able to fund its nuclear
programme by means of a sophisticated network of shell
companies and money laundering techniques, through
which North Korean businesses were able to continue
trading with the rest of the world.

Adverse media screening can provide early warning of

these risks and also indicates a host of other risks posed
by suppliers or customers to the reputation or good
standing of your business. In an age where the social
consciousness of consumers has become increasingly
important, this has assumed a new significance.

Screening is not a panacea. But it is a critical first

step in ensuring that your business doesn’t become a
conduit for criminal money. Failing to screen leaves your
business open to a host of consequences, from fines and
reputational damage to the criminal prosecution of staff
and directors.

/7
Smarter screening:
A how-to guide

/ What sources should I screen against? Although the outline sanctions regimes are published
by some of those states that employ them, it’s still
As a minimum you should screen against sanctions lists, important to use a high quality data provider, because
PEP lists, and government watch/black lists. in many instances a sanctions regime will identify only an
individual and not all of the entities connected to that
individual - all of which will nonetheless fall within the
/ Sanctions ambit of the sanctions measure. That’s where a high
Individual countries and multinational bodies (e.g. the quality data provider such as Dow Jones or Refinitiv
EU and the UN) impose sanctions measures to pressure World-Check will assist in identifying these linkages for
other countries or organisations to change their you.
behaviour. Sanctions can apply to individuals, specific
businesses or whole nations. Breaching a sanctions / Politically exposed persons
measure, or assisting another party to do so, is nearly
always a criminal offence. Businesses must scan Politically Exposed Persons (PEPs) are individuals
customers against sanctions lists issued by all the who hold or have held a significant public function. This
jurisdictions in which they are operating or to which function might give them influence over, for example,
they have operational links, in addition to lists the spending of taxpayer money or the allocation of
issued by multinational bodies. contracts by state owned enterprises. As such, they are
regarded by the Financial Action Task Force as a
In the wake of the 9/11 attacks, the US has developed category of individuals which is more susceptible than
economic sanctions into a sophisticated tool for most to engaging in bribery and corruption, and money
conducting what some commentators have described laundering activity.
as ‘financial warfare’ against actors that threaten the
country’s interests. Leveraging the status of the US Screening providers maintain databases of millions
dollar as the world’s de facto reserve currency, the of global PEPs, and Relatives and Close Associates
US Treasury aggressively pursues organisations that, (RCAs). Nearly all jurisdictions require their regulated
knowingly or not, help individuals and nations get round sectors to establish if applicants for business are PEPs
US sanctions. and to profile and treat them as high risk.

In 2014, French bank BNP Paribas agreed to pay a record

fine of nearly $9 billion for breaching US sanctions against
Iran, Cuba and Sudan. As such, any businesses which
make use of the US dollar, even if they have no other
connection to the US, would be well advised to comply
with US sanctions measures.

/8
What is Customer
Screening?

/ Watch lists Adverse media screening could reveal that, for example,
a potential customer was convicted of a criminal offence
Watch lists or black lists are official lists of individuals and
but not one deemed sufficiently relevant to financial
companies which may pose a greater financial crime risk
crime to merit their inclusion on a watch list. Or you
owing to their past behaviour. They may include lists of
might find that an individual is in the process of being
wanted criminals or suspects, lists of persons disqualified
tried for an offence which would be relevant to financial
from holding directorships or holding executive positions
crime - just that proceedings have not yet concluded.
in the finance industry or lists of persons convicted of
particular crimes. Watch lists don’t capture every criminal
In some jurisdictions, adverse media screening is
offence and are not a comprehensive source for criminal
reserved for enhanced due diligence checks – but
records.
it is good practice to carry out basic adverse media
KYC360’s data sources track over 4,500 global watch screening for all customers, particularly as it can reveal
lists maintained by bodies ranging from Interpol to information not included on official sanctions, PEP and
national financial regulators and prosecutors. watch lists.

In recent times, regulators’ expectations have increased

/ Adverse media and many financial services businesses are now seeking
to carry out continuous adverse monitoring, at least in
Screening an individual for adverse media coverage relation to their higher risk customers.
involves looking for any negative mentions of them in
news media and wider open source information.

/9
What is Customer
Screening?

/ When should you screen?

The answer to this question depends upon

how robust you want your compliance / When to conduct enhanced due diligence
program to be. Historically there were two
Enhanced due diligence (EDD) means
approaches:
investigating a customer more thoroughly
than you would in regular screening. In
1. Manual screening at onboarding and
most jurisdictions, in the course of regular
periodically thereafter for example at
screening, you will be required to conduct
annual review
EDD when you have identified that you’re
2. Manual screening at onboarding and dealing with a high risk customer.
periodic review AND automatic overnight
batch screening of all customers The form your EDD takes should depend
on the nature and severity of the risk. It
Some organisations are now choosing to 1 can vary from an adverse media check, to
augment overnight batch screening with investigating corporate structures linked to an
automatic adverse media screening of some individual, to verifying income sources.
or all of their customers.
EDD should leave you confident that any risk
The more rigorous the approach, the less is has been mitigated and is unlikely to affect
left to chance. Events impacting customer your business. Red flags that might lead you
risk can occur very rapidly, so the sooner to carry out EDD include:
businesses can be alerted to a change in the
risks presented by a customer the better. • A customer is a PEP or is on a watch list
(PEP status alone isn’t sufficient to reject
The danger with not overnight batch a customer: the majority of PEPs are not
screening customers is that a business is engaged in corrupt activities, though they
oblivious to a customer’s inclusion on a should be treated as high risk)
sanctions, PEP or watch list or some adverse
• A customer has adverse media
media until the next time they conduct a
associated with them relating either to
manual screen - perhaps several months or
financial crime risk or to reputational risk
years later.
for your business

In those circumstances it can be very difficult • A customer told you something during
for a business to demonstrate that it had onboarding which causes you concern,
undertaken sufficient KYC on the customer.
2
such as an unusual proposed activity
In the worst cases it can lead to allegations profile, or that they have family links to
that the business facilitated criminality through risky jurisdictions
inadequate customer risk management
processes. Always document both the EDD you carry
out and the rationale behind any resulting
actions.

/ 10
What is Customer
Screening?

/ Interpreting results
1. Confirm that the results do indeed relate to your
customer. If you are unsure of the accuracy of the match,
then use metadata such as passport number, date of
birth, country of origin and so on.

2. If you get a name match that is close but not identical,

check the metadata to ensure it isn’t an alias for your
customer.

3. Sanctions, PEP and watch lists are drawn from

databases compiled by experienced data providers
about individuals or corporates who pose some form of
risk. Adverse media searches pull in material from all of
the search-able web.

In analysing adverse media search results it is important

to consider the provenance of each result. Does it come
from a well-regarded, widely-read news organisation?
Or is it drawn from a smaller blog or website, the output
of which may be less reliable? Unmoderated blogs or
results from small, local news outlets, aren’t necessarily
irrelevant but you should seek to corroborate any
information gleaned from them against other sources.

4. A result that says ‘this person is involved in bribery’

is easy to interpret. Other types of result—a complex
corporate structure from a ‘KYB’ (Know Your Business)
data provider, for example — may not be. Your staff will
need a degree of understanding of money laundering
‘hotspots’ and methodologies in order to assess risk
effectively, and should be trained accordingly.

EDD might include verifying corporate structures or

verifying identity and address of individuals. Dedicated
onboarding platforms exist which can carry out these
Example screening result activities for you, alongside screening.

/ 11
Avoiding common
screening pitfalls

There are a few common pitfalls to be aware of along / Lack of staff knowledge
the way.
Many frontline staff have a limited understanding of the
ways in which their business can be abused by criminals.
“We know our customers.” Staff often report that they would not feel confident
analysing a customer’s rationale and activity in relation to
a particular product — let alone whether the rationale and
Businesses often develop a false sense of security activity are consistent with one another, or fit expected
about the risk profile of a particular customer or norms.
group of customers. This could be because they have
met the person in question, have a longstanding For example, a business loans a significant sum of money
professional relationship with them, or because the to a customer who claims to be a billionaire, to be used
business and the customers are in the to purchase high value cars. The interest rate on the loan
same jurisdiction. is 10%. The customer passes his screening
checks, and media coverage suggests that he is
This attitude of “we know our customers”, especially indeed a billionaire as claimed. However, if the
amongst more senior staff who have an historical customer genuinely is a billionaire the transaction looks
relationship with some individuals and personally questionable: why borrow at 10% when you have access
vouch for them (think old boys’ network), can lead to to cheaper capital? This is a deal which requires a closer
red flags being overlooked. In addition, the failure look, and the conduct of some enhanced due diligence
to recognise the risks associated with your own on the customer’s source of wealth and current business
jurisdiction is a particularly common pitfall. Also, don’t activity.
forget that customer risk can change over time. A
person who has been low risk for many years may
become high risk owing to a change of job, moving Developing staff understanding of the
abroad or being elected to political office. If you don’t
money laundering risks faced by your
batch screen them, you may not find out about their
change in risk profile until it’s too late! business is not expensive.

Along with initial screening and risk-based transaction

/ Insufficient frequency of screening
and profile monitoring, it should be a core element of
Historically, adverse media screening has been your financial crime prevention strategy. Effective KYC
an activity that takes place periodically, typically at requires much more than verifying that customers
onboarding and review points within a relationship. don’t have a criminal record.
Carrying out this activity only once every two or three
years risks missing important information about It’s not always possible to fully ‘know’ each customer, but
changes to a customer’s status. Increasingly businesses training staff to know what the wrong sort of customers
are seeking to automate adverse media screening might look like will pay handsome dividends.
using new technology to ensure that they will always
be aware of changes to a customer’s status as soon
as they are reported.

/ 12
Avoiding common
screening pitfalls

/ Evidencing your work Modern batch screening technology should create

a complete evidence trail automatically, showing all
Under almost all regulatory regimes, businesses are actions taken by your staff including adverse media
obliged to keep good records of compliance- related searches carried out, so that the data is stored
work. securely in one place, can easily be retrieved, and
can also be analysed for management information
Document not only any screening you carry out but purposes.
also any decisions you took on the basis of it (e.g. “we
collected the following results and discounted them When assessing a batch screening tool, it is important
for this reason…”; “we made the following assessment to consider the audit trail which the solution provides.
of this adverse media report …”). Include minutes from Whilst all solutions will record the results of screening,
relevant meetings. not all will capture users’ actions, reasons for taking
a particular course, commentary, or supervisor
Printed, filed reports are hard to search and tend comments which could be critical to evidencing the
to go missing; we recommend storing everything in decisions that your business took in the context of
a document management system, or at least on an future regulatory enquiries.
appropriate shared server.

Example detail report

/ 13
How KYC360 helps automate
the screening process

To screen at scale The world’s best data sources

successfully, you must We partner with the world’s biggest data providers
including Worldcheck, Lexis Nexis and Dow Jones. Our
not only have the partner databases are updated daily giving you the
best possible data at security and peace of mind that comes from knowing
your fingertips, but that you are screening against the most extensive and
you must also know accurate databases on the market.
exactly what to do System generated aliases for more precise results
with it. At KYC360 We supplement the data from our partners with system
we’ve developed our generated aliases to augment the data and reduce the
screening technology risk that incorrect inputs in first name and or middle name
fields will lead to false negative results. This process
to automate this for protects our customers against the risk of missing
you. relevant profiles in their search results.

Data Quality Assessment

We help you to identify and correct defects in your input
data through a self service data quality assessment tool
Effectively reduce that comes as part of our Batch screening module. The
function will check and provide you with a report on any
false positives by data quality issues giving you the chance to take remedial
steps and optimise your screening results.
up to 95%.
Application of a risk-based approach to filtering and risk
scoring
We then apply a risk-based approach to filtering and
prioritisation of results. Our risk-based technology enables
you to effectively reduce false positives by up to 95%
while ensuring that you never miss a true match.

Configuration of risk based screening parameters

Our intuitive screening platform enables you to pre-set
screening parameters based on a customer’s risk scoring,
enabling you to optimise your compliance operations
while allowing you to evidence that you are following
a risk-based approach even in the application of the
technologies that form part of your three lines of defence
against financial crime.

/ 14
What is the 3D Risk-Based
Approach?

1.
Initial risk-based screening against the latest data from Refinitiv or Dow Jones. With
KYC360, parameters are automatically adjusted according to a client’s predetermined risk
scoring, enabling you to effectively manage different risk levels.

2. The application of client risk-based metadata filtering options, including date of birth and
country, to dramatically reduce false positives.

3.
Our smart-filtering function automatically disapplies filter settings for any potential high-risk
matches. Knowing you’ll always see a potential sanctions hit enables you to tighten search and
filter rules without worrying about missing important results.

Searches based on your risk-scoring profiles

Risk-based screening against the world’s best data

We screen against millions of profiles from the world’s leading AML data providers, as well as millions of our
proprietary alias records. RiskScreen delivers a truly risk-based approach to high volume batch screening.

Tighten results with metadata filtering option

KYC360 enables you to apply client risk-based
metadata filters, like country and date of birth to
reduce the number of false positives shown to
you even further. False positives can be dramati-
cally reduced for low-risk searches when apply-
ing additional filtering settings.

Never miss a true match

No matter what, our risk-based
smart filtering function ensures
that high-risk potential matches
are never screened out of your
search results, ensuring that you
vet any potential hits that could
pose a risk to your organization.

/ 15
What features do the best
screening technologies have?

/ Technical features / Data

• The ability to conduct risk-based • Quantity of data. It is vital that the data
screening of customers. sources you are screening against are as
extensive as possible including for exam-
• Maximum optionality on search
ple secondary sanctions ownership data.
parameters including, for example,
inclusion or exclusion of social media • Accuracy of data. The data has to be
sources. constantly maintained and be as up to
date and accurate as possible.
• Full audit capture and reporting
functionality.
• Organisation of data. The data has to be
• The ability to scrape web page content well organised to enable the screening
for inclusion in customer screening engine to utilise it in a consistent fashion
reports instead of subsequently relying to deliver accurate results.
on dead URLs.
• Alias data. Many ‘bad actors’ engage with
• Automatic batch screening of businesses utilising aliases. The best data
unstructured adverse media sources as sets contain the most alias data.
frequently as required.
• Images. The best data sets contain
• Multi-language enabled. images to help users identify whether
potential matches are true or false.

• Languages. The best datasets capture

data across as many languages as
possible.

/ 16
Questions to ask your
current screening provider

/ Point / manual screening tool / Batch screening tool

1. Can we add additional users of the tool

at no additional cost or do we need to
purchase additional licenses?
Can we screen our customers both instantly
and overnight in a risk- based fashion?

2. Can I customise the adverse media

source that I am searching?
Can we handle potential matches in a risk-
based fashion?

3. Are the searches we conduct live or are

we searching against a catalogue of
profiles?
Can we utilise the metadata we hold on our
customers as well as customer names to
increase match accuracy?

4. Do your profiles contain links to online

sources? If so, how do you ensure
those links remain live to protect us
What percentage of names screened result
in false positive matches?

against the risk of losing source data?

5. Do you maintain a record of the

searches we conduct?
Can your solution automatically search
unstructured adverse media sources?

6. Does your tool have EDD screening

functionality?
Does your solution have full audit capture,
and offer reporting using live data?

7. Do you offer a full integration with Salesforce, if we use - or

are considering using - it as our CRM system?

If your current screening provider is unable to answer any of these

questions in the affirmative, consider switching to KYC360 to optimise
your screening practices, benefit from operational efficiencies and
improve your risk governance performance.
/ 17
Our AML data partners for
sanctions, PEP & watch list
screening

Providing truly global coverage Dow Jones data is LSEG World-Check’s world-class database of
maintained by a team spread across five dedicated over four million records allows organisations
research and monitoring centres providing 24 hour to better have better awareness, knowledge
coverage across 68 languages. Over fifty percent and understanding of risk associated with their
of the Dow Jones research team are educated to customers.
Masters or PhD level.
Hundreds of dedicated researchers and analysts
One key advantage Dow Jones researchers have based around the world help to maintain the World-
is the ability to leverage Factiva, Dow Jones’ 40 Check database, allowing for coverage of over 700
year old archive of more than 32,000 sources in 28 unique sanction, regulatory and law enforcement
languages. Hundreds of thousands of articles from watch lists.
these sources are added to Factiva daily.
World-Check’s independent global media reports
Dow Jones Data is relied upon for AML/KYC detail incidents relating to financial crime, fraud and
screening purposes by the following: corruption – information you may not find on official
lists.
• 3 of the 4 largest US banks
World-Check is established across five continents,
• 5 of the 6 largest Canadian banks
allowing for around-the-clock monitoring
• 44 of the 45 largest Chinese banks of regulatory lists, major media outlets and
• 5 of the 7 largest Japanese banks governmental institutions.

• 5 of the 6 largest Spanish banks

The most stringent and well-established research
• 4 of the 5 largest French banks methodologies are followed, ensuring validity and
• 4 of the 5 largest Scandinavian banks accuracy of all World-Check data.

• 7 out of the 13 Wolfsberg Group

/ 18
KYC360’s Screening
Modules

/ Ad-hoc screening / Batch screening

The ability to quickly screen prospects or The KYC360 Batch screening solution is
customers against datasets or adverse me- an award-winning technology that enables
dia sources on-line is essential. Our intui- businesses to automatically screen customer
tive web-based manual screening solution names and meta-data on a continuous basis
‘Risk Screen’ powered by KYC360 tech- utilising the risk-based approach. Capable of
nology allows you and your employees to screening anything from just a few hundred
rapidly conduct manual screening across names to tens of millions of names overnight
global sanctions, PEP and watchlist infor- the solution can handle huge volumes at all
mation provided by leading data provider risk levels giving businesses the assurance
Dow Jones as well as the whole of the they need to evidence compliance with the
world wide web from mainstream news to risk-based approach irrespective of volumes.
blog and social posts.

With no limit on the number of users you • Virtually eliminate false positives with
can deploy the use of RiskScreen across the world’s first truly risk-based batch
your organisation including front line staff screening engine
and empower your first line of defence • Handle tens of millions of names. Our
against financial crime. screening solution can handle huge vol-
umes at all risk levels
• Screen individuals and companies on-
• Fully integrated with the world’s best
line in real time
data sets from Dow Jones. World-Check
• Includes alias names for ‘bad actors’
and Lexis Nexis providing you with maxi-
• Common name variants, across multi-
mum optionality
ple languages
• Control risk-based search parameters • Complete workflow and audit capture –
• Exclude irrelevant URLs All activity at any single moment in time
• Red flag results of interest is captured for audit purposes
• Consolidate findings in a single report • Laser-sharp MI and reporting
for future audit purposes
• Super-flexible integrations
• Include your assessment of the search
subject’s risk level based upon search
results
• Add comments
• Optional MRZ analyser allowing you to
analyse and validate passport data

/ 19
KYC360’s Screening
Modules

/ Adverse Media Monitoring / Salesforce App

Screening customers against adverse Our API technology enables full headless in-
media sources on a continuous basis is tegration of KYC360 with your core platform.
now regarded as essential by businesses In addition to dozens of other integrations
attempting to manage risk effectively. It is we are proud of being the first screening
an important component of customer due provider in the world to be invited to build
diligence particularly for higher risk cus- an integration with Salesforce, the world’s
tomers. largest CRM provider. Our Salesforce native
KYC360’s adverse media monitoring func- screening App is utilised by a large number
tion operates as an optional component of organisations for frictionless and automat-
of our Batch screening solution so that ic screening of leads and customers natively
screening results are captured and han- without the need for data import/export.
dled in one place. With full open source
coverage, our award winning functionality
minimises false positives while maximising • Consolidate your system stack
search accuracy. • Save on tech licensing and support costs
by eliminating your stand-alone screen-
• Store results alongside your sanctions, ing solution
PEP & watch list screening records
• Use KYC360 dashboards and workflow
• Subject AVM results to the same levels
to allocate and handle potential screen-
of audit & reporting as dataset screen-
ing matches
ing
• Carry over handling of potential match- • Reduce false positives by up to 95% with
es into periodic reviews KYC360’s award winning 3D risk based
• Exclude hits which have already been technology
viewed • Improve AML risk governance through
• Refine search results by date and coun- full audit capture
try
• Comprehensive MI
• Tailor searches by frequency or search
terms • Integrated with world leading datasets
• Tailor searches by individual or groups
of customers
• Massively reduce AVM false positive
results with KYC360’s award winning
3D risk based technology

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Contact
See why hundreds of other businesses around the world
trust KYC360 for their onboarding, screening and lifecycle
management needs.

Get a demo today.

/ [email protected]
/ www.kyc360.com

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