Supercharge Your AML Compliance With A Smarter Global Watchlist Search
Global watchlists are compiled by governments and international organizations to identify entities linked to crime, corruption, terrorism, laundering, and various other forms of unethical behavior. Entities include individuals, corporations, or even countries. Even if they aren’t actively committing a crime, listed entities may be connected to suspicious activity.
Engaging in risky business relationships with suspicious parties can result in severe regulatory penalties, financial loss, and reputational damage. But manually monitoring global databases for AML/KYC compliance can be an administrative quagmire that requires significant resources and power. VITAL4WLS delivers an automated suite of compliance tools that offers more accurate data with less legwork.
How Vital4WLS Helps You Reduce Risk And Avoid Financial Sanctions
VITAL4WLS offers more power than a dedicated team of analysts – all within the convenience of a cloud-based interface. Unlike legacy providers, we use machine learning, AI-driven name-matching technology, and flexible relevancy scores to deliver the most current data without human error. With up-to-date, accurate reporting, you can mitigate risk, monitor suspicious activity, and reduce false positives up to 100%.
Insights From Our Blog
Optimize Your Global Watchlist and Sanctions Screening with AI-Powered Solution for Continuous Monitoring
Best-practice compliance doesn’t stop after an initial screening. In fact, many global regulators require continuous monitoring to meet their standards for internal and third-party risk management. Governments and international organizations compile global watchlists to identify [...]
Global Watchlist and Sanctions Screening – Mitigate Remediation Risk and Optimize Your Process
What is a government watch list? Watchlists are databases that include lists of persons convicted of fraud, suspected of terrorism, or other types of corruption and criminal offenses. These can be local, national, or global. [...]
The top 10 things you need to know about International Background Screening
1. It’s very different from domestic screening. In the US, the background screening is governed by the FCRA (Fair Credit Reporting Act), and any CRA (consumer reporting agency) performing background screening must be FCRA compliant. [...]
24/7 Continuous Monitoring
With the addition of ongoing smart monitoring to any Vital4 solution, you can stay in the loop about potential third-party risks or other AML/KYC compliance threats. For VITAL4WLS, that means you’re alerted as soon as relevant entities appear on any of the 4,500+ global watchlists that we monitor.