AMLO™ for Adverse Media™
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>> AML-Online™ [R02]: for Adverse Media
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AML-Online™ for Adverse Media
What is Adverse Media Screening
Adverse Media Screening is the service that provides the search for adverse media and negative news about an individual or a legal entity.
An important part of the Know Your Customer and Anti-Money Laundering processes, Adverse Media Screening enables businesses to detect risks and protect them from risks. Adverse Media Screening can be performed with CubeIQ’s AML-Online™ for Adverse Media software application interfacing our global comprehensive Adverse Media databases. Our Adverse Media databases include news about money laundering, terrorist financing, corruption, bribery, human rights violations, arms trafficking, drug trafficking, tax evasion, other offences related to money laundering and other criminal activities or misconducts.
Adverse Media Screening Benefits for Businesses
Every day thousands of news are published in the world. Businesses can't control thousands of news in different languages with classical methods. Adverse Media investigation software scans all news every day, categorizes negative news with Artificial Intelligence - AI support and store findings in Adverse Media databases.
Businesses can scan their customers and partners in Adverse Media databases in seconds using the Adverse Media Screening software provided by CubeIQ with title AML-Online™ for Adverse Media – AMLO4AM™.
Adverse Media Screening play an important role in detecting high-risk customers and business partners, according to the European Union Directives and FATF recommendation. EU, US and other jurisdiction laws and regulation on AML, CFT, trafficking of narcotic drugs, weapons proliferation and other criminal activities, dictate that Banks, Financial Institutions, Insurance Companies, Securities Companies and Designated Non-Financial Businesses and Professions (DNFBP) are obliged to execute a number of actions for identifying the quality of their customers, known as Know Your Customer – KYC, among of which is Adverse Media Screening.
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Adverse Media Screening in Customer Onboarding
Opening an account to a customer with a bad reputation can increase your organization risks and damage your reputation.
In addition to Sanctions Σcreening and PEP status identification, organizations in order to support their AML compliance processes have to perform Adverse Media check during Customer Onboarding processes.
Using an Adverse Media Screening and Monitoring mechanism, organizations can detect individuals and legal entities with crimes such as money laundering, terrorist financing, corruption, bribery, fraud, human trafficking, arms trafficking, tax evasion and other offences.
AML-Online™ for Adverse Media software application enable organizations to detect customer account opening processes risks, performing adverse media checks with the customer’s ID information and therefore meet Customer Due Diligent and Enhanced Due Diligence requirements.
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Adverse Media Screening in Ongoing Monitoring Process
Ongoing monitoring processes are regular checks by organizations to detect risks and threats.
Organizations that perform ongoing monitoring processes automatically check their customers according to customer risk levels against comprehensive Sanction and PEP lists and Adverse Media databases.
Using CubeIQ’s AML-Online™ for Adverse Media software application, organization can access more detailed Adverse Media, receive accurate data and reduce search complexity and workload.
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Adverse Media Screening Multiple Search Options
We are aware of the complexity and difficulties organizations face in executing AML compliance processes.
So, we are providing, as match as possible, flexible end-to-end AML solutions to facilitate and speed up AML compliance processes.
Using CubeIQ’s AML-Online™ for Adverse Media software application organizations can perform Adverse Media searches via User Interface, API and Batch files. You can perform your searches with what is the most convenient method for your organization.
For any question or comment please contact our support team at sw.support@cubeiq.gr
For product or services inquiries please email to: sales@cubeiq.gr or fill our information request form.
