Best practice screening doesn’t just stop with the initial screening process. Monitoring is critical for best practice compliance in any global compliance and risk management program.
In many cases global regulators mandate the monitoring of entities and individuals to assess and identify risk factors. For example, the ACA (Affordable Healthcare Act) requires healthcare companies to monitor the status of sanctions and disciplinary actions and, the Bank Secrecy Act mandates AML/KYC compliance to prevent anti-money laundering and counter-terrorist financing by regularly checking against global lists that may have name sanctioned or watch-listed individuals.
Vital4 provides several monitoring options including daily, weekly, monthly, quarterly, and yearly. Once the subject has been screened, we automatically monitor that subject against a specific product or multiple products containing various global watch lists and send an alert only if a record on the subject has changes.
Vital4 offers monitoring of individuals or entities against any of the following products:
- Custom products and more…