Compliance Consultancy
Consultancy and management firm

Adverse Media

Have you ever heard the terms Adverse Media Screening or Negative News scrapping and wonder what they mean? For the compliance professionals, these terms refer to an essential step of the Customer Identification and Mandatory Verification process of their financial institution.

What is the definition of adverse (media) screening ?

Adverse media screening is the process according to which a customer (physical person or moral person) is compared ("screened against") to negative information and data sources. The data sources contain information about the involvement of the person in money laundering, fraud, finance of terrorism and other economic scandals or sanctions.

Interested in implementing a screening system for your business profiling needs? Have a look at the Screening page for more information on Screening meaning and methods.

The controls can be achieved by different means. The last years, automatic screenings through IT tools have eased the job of compliance professionals and have made the screening process more accurate and faster. However, a professional's overall evaluation is always necessary.

The sources used for Adverse Media Screening can be numerous and depend on the industry objective. The sources vary from primary search engines to sanction lists, governmental lists, other official records, social media and any additional information that can provide accurate information to serve the investigation objective.

How to efficiently process the screening results ?

The results of the screening can be divided in three categories:

  • No matching results: the screening is completed and the individual under investigation has not appeared in any source of result. If the setup of sources is sound, you can assume the result is accurate.
  • True positive hits: Identified matches. Confirmed by analyst evaluation.
  • False positive hits: Identified matches. Discounted by analyst evaluation. The hit may share similar information that gave rise to the "false-identification". Homonyms, birthdays, nationalities, backgrounds and insufficient filters might not help the screening tool cannot build a clear distinction.

The Negative Media Screening challenges

The screening process can be challenging. The news is constantly changing, and it is very often that analysts have to spend a lot of time to evaluate the results. Even if it looks like an easy exercise, in reality, it can become time-consuming, and an experienced analyst may be required. Another issue is that there is news in many different languages, and the lack of professionals, who speak these languages may result in insufficient findings.

Another factor we should take into account is the non-updated sources and their inadequate context. It is not unusual that big databases and governmental lists are not updated very often, and there are wrong or missing information provided.

Was this service page helpful ?  
Compliance Action Plan - Compliance Consultancy
Compliance Action Plan

Compliance with the applicable legal framework depends on the Action Plan that the en...

Ethics and Standards - Compliance Consultancy
Ethics and Standards

The integrity of your organisation is essential. The top management has to explain ho...

Corporate Governance - Compliance Consultancy
Corporate Governance

Good corporate governance is essential to support business growth. Good governance pr...

Compliance Risk Assessment - Compliance Consultancy
Compliance Risk Assessment

What are Compliance Risk Assessments ?A Compliance Risk Assessment (hereafter "CR...

Regulatory Watch - Compliance Consultancy
Regulatory Watch

Most Financial Institutions agree that we live in an ever more complex regulatory lan...

Adverse Media - Compliance Consultancy
Adverse Media

Have you ever heard the terms Adverse Media Screening or Negative News scrapping and ...

Incident Reporting - Compliance Consultancy
Incident Reporting

No matter the area, accidents are sometimes inevitable. A well crafted incident rep...

Risk Based Approach - Compliance Consultancy
Risk Based Approach

In its most general definition, the Risk-Based Approach (RBA) is a methodology that a...

UBO Register AML - Compliance Consultancy
UBO Register AML

What is the Ultimate Beneficiaries Owner - UBO Register ?The implementation of the us...

Learning Management - Compliance Consultancy
Learning Management

Setting the emphasis on a continuous learning principle under professional employment...

Monitoring and Reporting - Compliance Consultancy
Monitoring and Reporting

Business monitoring and reporting is a continuous exercise that can save time and fin...

Policies and Procedures - Compliance Consultancy
Policies and Procedures

Policies and Procedures are the backbones of a company. We would define Policies as...

Get in touch with us - Compliance Consultancy
Get in touch !

We'll present you the technology to stop money laundering and terrorist financing

Central Compliance is the organization of all the compliance monitoring and controlling t... Return to central compliance

Discover Pideeco Compliance Services and Business solutions for your operational business needs
Domain Experts
Oscar Canario da Cunha - Pideeco Network Partner
Oscar Canario da Cunha
Associate Director
Piet De Vreese - Pideeco Network Partner
Piet De Vreese
Managing Director
Vasiliki Karamousali - Pideeco Network Partner
Vasiliki Karamousali
Senior Consultant
Pavel Matejka - Pideeco Network Partner
Pavel Matejka
Senior Consultant
How to remotely identify clients with confidence and be PSD2 compliant?
Vasiliki Karamousali

The European Banking Authority (EBA) published in June 2019 an Opinion on the elements of strong customer authentication (SCA) under the revised Payment Services Directive (PSD2) . The Opinion provides non-exhaustive lists of the authentication elements and states wheth...

Read more Author What else ?
How to remotely identify clients with confidence and be PSD2 compliant? - Pideeco Journal