Adverse Media
What is the definition of adverse (media) screening ?
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. In the past 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's 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 which 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.
What is benchmark regulation?Following the Libor (London Inter-bank Offered Rate) sca...
Most Financial Institutions agree that we live in an ever more complex regula...
Business monitoring and reporting is a continuous exercise that can save time...
No matter the area, accidents are sometimes inevitable. A well crafted incident rep...
What are Compliance Risk Assessments ?A Compliance Risk Assessment (hereafter "CR...
Policies and Procedures are the backbones of a company. We would define Pol...
Compliance, with the applicable legal framework, depends on the Action Plan t...
The integrity of your organisation is essential. The top management has to explain ho...
For any professional, setting the emphasis on a continuous learning principle...
What is the Ultimate Beneficiaries Owner - UBO Register ?The implementation of the us...
Good corporate governance is essential to support business growth. Good governance pr...
Have you ever heard the terms Adverse Media Screening or Negative News scraping and w...
In its most general definition, the Risk-Based Approach (RBA) is a methodolog...
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 the professional activities of a given business or company thr...
Return to central compliance
The understanding and management of risk by financial institutions, banks, and entities, has improved over the years. Today, stakeholders are more involved, and they demand greater transparency regarding the risks of a company and how the company reacts and plans the fu...
Read more Author What else ?