Categories & Entity Types
AML Watcher screens against a defined set of risk categories and classifies the subject of a search into one of several entity types. Both are used as parameters across the Search API, so use this page as a reference for the exact values and their meanings.
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. |
Entity Types
AML Watcher supports screening across a range of entity types, allowing you to tailor a search to the kind of subject being screened, from individuals and companies to vessels and aircraft.
| Entity Type | Description |
|---|---|
| Aircraft | Screening for aircraft, typically identified by a tail number. |
| Company | Screening for registered corporate entities and businesses. |
| Crypto_Wallet | Screening for digital asset (cryptocurrency) wallet addresses. |
| Organization | Screening for non-corporate groups, such as NGOs, charities, and other institutions. |
| Person | Screening for individual human entities, such as executives, beneficial owners, or customers. |
| Vessel | Screening for maritime vessels, typically identified by an IMO number. |