AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
HMRC has, for the first time, brought its scattered AML sector guidance into a single manual. It sets out the clearest recent statement of what a UK supervisor expects across the whole due diligence pipeline, from identity verification through to the ongoing monitoring that adverse media screening exists to support.
Read MoreIt 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.
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Adverse media screening sits at the intersection of two pressures that have grown sharply in the last three years — the regulator’s expectation that financial institutions and other industries will see what they should have seen, and the analyst’s practical reality of doing so across millions of articles, in dozens of languages, every day.
Watchlists tell you who has been listed. Adverse media often tells you who’s next. Why unifying both into a single entity profile is now the compliance standard.
Adverse media monitoring is meant to detect change. Yet in many organisations, monitoring alerts often feel repetitive. Analysts repeatedly review the same stories, revisit the same allegations, and document the same risks. The problem is simple: not every alert represents new risk.
In an era of increasing financial complexity and regulatory scrutiny, Know Your Customer (KYC) processes have become more critical than ever.
A highly respected former boss of mine, who was a prominent British Army Intelligence analyst in his past life and an avid mountaineer in his free time, used the term ‘sharp side of the mountain’ to describe the most challenging aspect of a situation.
With an increasingly complex and regulated business environment, multinational corporations are now challenged to ensure the integrity and compliance of their expansive supply chains.
smartKYC is proud to announce that we have won ‘Best ESG KYC surveillance provider’ at the ESG Insight Awards 2024, for their product, smartEYE.
smartKYC will be exhibiting at stand 13 at World Procurement Congress at the InterContinental London – The O2, from 15-16 May.
The emergence of Natural Language Processing (NLP) technologies offers a promising solution to revolutionise KYC procedures, enhancing efficiency, accuracy, and compliance.
It is now obvious that the theme of ESG is close to the top of most corporate agendas. Typically, companies will think about ESG from two perspectives: 1) measuring their own credentials, such as sustainability, ethical behaviour, etc. and 2) evaluating the investments they make.