Perpetual KYC (pkyc) has become a buzz phrase in the last few years due to a combination of heightened scrutiny from regulators and huge advancements in automation technology. In this article, smartKYC’s CEO Dermot Corrigan provides insight on the definition of perpetual KYC, the implications for other KYC monitoring activities, such as periodic refresh, and points to some of the solutions that can meet the technical challenges perpetual KYC presents.

As we addressed in our latest adverse media post, there is an array of categories—and subcategories— of negative news screening that need to be properly screened for accurate and relevant results. But how do people look for and analyse adverse media in foreign languages? And why is this still so difficult?

We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards!

It is well known that ‘adverse media’ screening is the process of searching for negative news and other data sources about an individual or company for due diligence purposes.

We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight USA Awards!

In this final article, we share our last set of best practices for Adverse Media Screening, a tool increasingly important for individuals and companies in monitoring online news and media.

This article continues with tips 4-6 for better implementing a continuous or high-frequency negative news screening programme.

Adverse media screening, sometimes referred to as negative news screening, is essentially the process of searching an individual or company for adverse news or media relating to them, which can be found in open source intelligence online.

Earlier this month, The Wolfsberg Group published its guidance on Negative News Screening (NNS). They “developed this Guidance to assist FIs in establishing their NNS framework in support of Financial Crime Risk Management.”

Adverse media screening is a critical part of any effective anti-money laundering (AML) program. It involves screening individuals and entities against negative news articles and other sources of potentially damaging information to identify potential risks and compliance issues.

An expert opinion piece from smartKYC CEO, Dermot Corrigan