Adverse Media Screening with regards to AML is essentially a check on any negative information on an individual or entity discovered across various sources, i.e. reputable news or other unstructured publications linking the individual or entity to involvement in corruption, money-laundering, terrorism/threat financing any/or other unlawful activities.
First AML complete Adverse Media screening on all individuals verified via the First AML Platform.
When an Adverse Media check is run on an individual and returns back a positive result, they will be flagged in the First AML platform as a 'Match'. When an individual is flagged as a 'Match' it will also be detailed in the notes section for the compliance team to review.
In some cases there is not a clear positive or negative result returned and these individuals will be flagged as a "Possible Match" in the system, along with a brief note in the notes section. This information should then be further reviewed by your compliance team to determine the outcome.
If there are no positive results returned on an individuals Adverse Media check, they will be flagged with "No Match" in the system.
TABLE OF CONTENTS
What this will look like in the First AML Platform
Please see the bottom section for the Adverse Media status.
Notes when Adverse Media is a Match
Notes when Adverse Media is a Possible Match. Adverse Media Note is mandatory for a Possible Match or a Match - Individual Profile
You will see an orange flag colour to indicate a Possible Adverse Media Match in the individuals tab from the main case page as shown below;
Case details - Individuals Tab
Review Section - First AML Platform View
You will also be able to view the Adverse Media notes under each individuals profile when checking a case for approval using the peer review feature
Adverse Media Note for "Match" displayed in Review List
Adverse Media Note for "Possible Match" displayed in Review List
Adverse Media Note for "No Match" displayed in Review List