AML Screening

Scan & monitor your customer through multiple Sanctions, PEPs, and Watchlists.

Fully Automated AML Compliance

Check manually or get notified instantly when any anti-money laundering risk database hit occurs during the identity verification process so that compliance officers can act accordingly. Seamless combination with the KYC check ensures the most accurate results in seconds.

Law enforcement watchlists:

Europol: Europe Most Wanted
Most Wanted of United Kingdom – National Crime Agency (NCA)
FBI
U.S. Food & Drug Administration
Financial Crime Enforcement Network – 311 Special Measures

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PEP, OFAC, EU & Sanctions Lists

Screen customers against thousands of continually updated sanctions and PEP watchlists including OFAC, UN, HMT, EU, DFAT, and more. PEP profiles are checked daily for updates and sanctions updated every 15 minutes. Identify politically exposed persons including members of parliament, public company directors & their relations. Our sanctions and PEP lists go beyond statutory and publicly available lists to ensure you are ahead of bad actors. We cover millions of profiles and thousands of global, regional, local and proprietary sources.

All our profiles and references are structured and manually reviewed to ensure the highest quality data. Our vast number of data points connected through our graph network not only reveals sanction and PEP individuals and companies but also unravels direct and indirect business, family, and close associations. Our service ensures that you adhere to best practices advocated by the Financial Action Task Force (FATF) and Joint Money Laundering Steering Group (JMLSG). Verifylab’s adaptive AI, combined with our automation and business rules, is designed to cut down the number of false positives significantly. This allows your MLROs and compliance team to only focus on relevant matches.

Adverse Media Reports

Our Adverse Media screening service is a powerful compliance tool that assists businesses in anticipating and identifying risks to stay ahead of bad actors. The global news landscape evolves quickly, and breaking stories often suggest that customers and other parties pose an increased reputational or compliance risk ahead of official confirmation. Build comprehensive risk profiles of your customers with our adverse media screening service.

It covers more than 50,000 globally curated and highly trusted news sources. Verifylab’s adverse media reports spans across media coverage spans cases of corruption, financial and tax crime, trafficking, director disqualifications, stock exchange and official register disbarments, organized crime, and much more.

Continuous Monitoring

Flagging a customer means nothing until you are able to stay ahead and avert complications before they blow out of proportion. Monitor your customers against our sanctions, watchlists, PEP, and adverse media databases after you have onboarded them with continuous AML monitoring. Verifylab’s state-of-the-art continuous monitoring engine uses AI and high-performance computing to screen millions of customers in real-time every day.

You will receive email and webhook notifications if a customer’s status changes. Removing manual batch processing and adopting an intelligent continuous monitoring engine means you can be confident that you’re fully compliant while focusing on growing your business.

World Match Checks

At its core, World-Check is a dynamic and continually updated database that aggregates and analyzes information on individuals and entities worldwide. The primary objective is to provide financial institutions, regulatory bodies, and other stakeholders with a robust platform to conduct due diligence and assess the integrity of their clients and business partners. The database encompasses an expansive range of data, including but not limited to politically exposed persons (PEPs), sanctions lists, watchlists, adverse media coverage, and other relevant risk indicators.

One of the key features that sets World-Check apart is its real-time updates, ensuring that users have access to the most current and accurate information available. The tool employs advanced technologies such as artificial intelligence and machine learning algorithms to sift through vast amounts of data from a multitude of sources, ranging from official government publications to reputable news outlets. This constant vigilance enables financial institutions to stay ahead of emerging risks and comply with evolving regulatory requirements.