Challenges and Best Practices of AML Screening, Part 9
A Risk-based Approach to Adverse Media Screening

Institutions across the world are expanding their customer due diligence (CDD) and enhanced due diligence (EDD) programs by incorporating adverse media screening. Appropriately managing negative news exposure through an effective risk-based approach tailored to your requirements can greatly lower your risk and prevent reputational damage. If not managed well, screening can become the primary culprit of your false positive problems, significantly increasing your cost and effort.

How do you manage negative news while remaining efficient
in your due diligence process?

Though the range of offense categories, level of crime, and conviction status in adverse media varies greatly, many organizations still use a “one-size-fits-all” approach when screening against negative news, with a limited set of matching rules applied to all records in the news database. This approach typically produces a high number of false positives – or significantly increases the risk of missing real threats.

This informative webinar looks at practical methods that organizations can take to efficiently implement their own risk-based approach for better identification and monitoring of negative news. Learn how to transform your adverse media screening program!

Specific topics include:

  • Using a risk matrix by offense categories, level of crime, and adjudication status
  • Conducting a data analysis and configuring matching rules to include or exclude certain risk levels, types, and categories of offenses
  • Addressing the data issues that cause common screening mistakes
  • Utilizing granular controls in your matching algorithm to reduce “noise”
  • Developing a risk assessment methodology to continuously calibrate your risk scoring data model

Presented by:

Kieran Holland
Kieran Holland
Head of Technical Solutions FinScan
Steve Marshall
Steve Marshall
Advisory Services FinScan