Adverse Media

What is Adverse Media?

Adverse Media (negative news) is any terrible or negative information about a consumer or business that may be discovered in a variety of outlets such as newspapers, magazines, television, radio, blogs, web articles, and so on. They are mainly commercial news about a brand, an individual, or a firm. They may notify firms about a potentially high-risk consumer. The dangers of doing business with persons or firms who have an Adverse Media profile are numerous.

To assist their AML compliance processes, organisations must execute Adverse Media Screening & Monitoring in addition to sanctions and PEPs scanning. Adverse media screening is a critical component of Know Your Customer and anti-money laundering processes. It assists companies in detecting dangers and responding appropriately to them. Doing business with a company or an individual who has an Adverse Media profile that shows symptoms of money laundering may result in sanctions.

Why is it important to use Adverse Media?

Detecting high-risk clients using Adverse Media minimises firms’ workload by decreasing the rates of filling out a Suspicious Activity Report. It also assists businesses in developing robust AML compliance. The necessity of Adverse Media is stated by the following organisations that impose local/global anti-money laundering compliance:

  • The Anti-Money Laundering Directive of the European Union (4MLD)
  • The Financial Action Task Force (FATF)
  • The Financial Crimes Enforcement Network (FinCEN)

What is Adverse Media Screening and Monitoring?

Adverse Media Screening is a service that allows businesses to do Adverse Media Data checks on their clients. It is a critical component of the Know Your Customer and Anti-Money Laundering processes.

It can:

  • Determine the hazards that enterprises’ (potential) consumers may pose.
  • Handle vast volumes of data
  • Check the credibility of news and media sources.

What does Adverse Media Screening and Monitoring include?

There are several categories under Adverse Media Screening & Monitoring. Among these are:

  • Financing terrorist organisations
  • Financial espionage
  • Violence
  • Trafficking in drugs
  • Human smuggling
  • Cybercrime\sFraud
  • UBO
  • Sexual transgressions

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