Categories
AML Watcher offers an extensive range of screening categories designed to support comprehensive background checks. With the help of below key categories our platform ensures businesses meet regulatory compliance requirements while effectively identifying and mitigating potential risks. This thorough approach helps organizations safeguard against financial crime and reputational damage.
| Categories | Description |
|---|---|
| Fitness and Probity | Fitness and Probity refer to evaluating an individual's or entity's competence, skills, integrity, and ethical conduct in the financial services industry. |
| Warnings and Regulatory Enforcement | Warnings alert individuals or entities to rule violations, while regulatory enforcement involves imposing penalties or legal actions for non-compliance with laws and regulations. |
| Sanctions | Sanctions are penalties or restrictions imposed by authorities on individuals, organizations, or countries for violating laws or international norms. |
| Adverse Media | Refers to negative or damaging information about individuals, organizations, or entities that can pose significant risks to businesses and other institutions. |
| PEP Level 1 | High-risk PEPs - State and government executives, military/judicial/law enforcement leaders, parliament officials, prominent political party figures. |
| PEP Level 2 | Medium-high Risk PEPs - Senior state/military/law enforcement officials, high-rank civil servants, religious/state agency leaders, ambassadors/diplomats/commissioners. |
| PEP Level 3 | Medium-risk PEPs - Senior management in government-owned businesses, state organization board members. |
| PEP Level 4 | Low Risk PEPs - Senior officials/employees in international bodies, state/district assembly members. |
| SIP | SIP (Special Interest Person) - Special Interest Persons are individuals that present a heightened level of risk due to their suspected or confirmed involvement in criminal activity. |
| SIE | SIE (Special Interest Entity) - Special Interest Entities are companies/organisations that present a heightened level of risk due to their suspected or confirmed involvement in criminal activity. |
| Insolvency | Insolvency - Companies and organisations that are unable to pay their debts they owe or have been declared bankrupt by judicial process. |