- CASE STUDIES
Anti-Money Laundering (AML) and Know Your Customer (KYC) obligations require organisations to implement robust procedures to identify politically exposed persons (PEPs) and other high-risk individuals. To comply with local and global AML and KYC obligations, organisations are required to conduct screening of customers against watchlists.
greenID’s Watchlist Screening solution helps organisations prudently manage the risks of financial crime and comply with complex international regulations. It offers comprehensive coverage of global AML risk data sources and a range of screening options appropriate to different business needs and compliance obligations.
The screening solution takes information from an applicant’s registration data and queries watchlist sources in the background. It simply confirms whether that person’s name appears on watchlists and generates a report to guide further action or investigation. The service has no effect on the overall identity verification status of the person being screened.
greenID Watchlist Services offers two packages.
The Standard Watchlist Service searches more than a dozen watchlists from global sanctions and law enforcement agencies and are updated regularly.
The Premium Watchlist Service is a high-end alternative to the standard screening service. It searches data from more than 1,000 sources around the globe from the Dow Jones Risk and Compliance watchlist service database.
Customers can be screened against your chosen Watchlist Package in real time and/or automatically at set intervals.
Real-time Screening performs a one-time check of your applicants at the time of enrolment.
greenID 365 is an add on to real time screening and allows organisations to run screening of customers against global watchlists at regular time intervals such as daily, weekly, monthly, quarterly, semi-annually and annually.
Comprehensive coverage of global watchlists allows cross-border compliance.
Reduce risk and achieve ongoing AML compliance.
Streamline workflow for processing results and record keeping.
Screening choices to suit budget and compliance requirements.
Save time and operational costs.