All checks

Watchlist

Instantly screen and continuously monitor global data on politically exposed persons (PEPs) and sanctions lists, as well as adverse media data from 500 million web pages.

Overview

  • Reduce your liability and the risk of human error using the most robust machine learning technology and global data
  • Get a clearer view of risk with digestible information held all in one place
  • No need to continuously check-in; automate daily monitoring of people and organisations so you can focus on other things

How it works

Perform a watchlist check on a person or organisation in a few clicks. You can tailor the check to your needs; choose to run it as a one off exercise or enable monitoring for daily screening and be updated on any changes to results in real time.

The check is run silently which means the client - person or organisation - is not informed or contacted.

The global database used to complete the watchlist check covers:

  • 500+ countries and territories
  • 5 million articles per day are analysed
  • 10,000 data sources are actively monitored
  • 30,000 existing profiles are enhanced every day
  • 100% of profiles are checked for updates daily

Watchlist is set to search at the most optimal degree. This means that you will have a robust level of checking without a large amount of false positives.

Interface showing how to run a Watchlist check in Amiqus

Example results

Once you've completed watchlist, you'll be able to see results for:

Take a closer look at the check results

Here's an example of how the results will appear in your Amiqus account.

Interface showing results that appear within the Watchlist check.

Politically exposed persons (PEPs)

A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent public function. PEPs are categorised in risk classes according to Financial Action Task Force (FATF) guidelines.

Possible results are:

  • PEP class 1 (high risk)
    • Heads of state and government
    • Members of government (national and regional)
    • Members of parliament (national and regional)
    • Heads of military, judiciary, law enforcement and board of central banks
    • Top ranking officials of political parties
  • PEP class 2 (medium risk)
    • Senior officials of the military, judiciary, and law enforcement agencies
    • Senior officials of the other state agencies and bodies and high ranking civil servants
    • Senior members of religious groups
    • Ambassadors, consuls, high commissioners
  • PEP class 3 (medium risk)
    • Senior management and board of directors of state-owned businesses and organisations
  • PEP class 4 (low risk)
    • Mayors and members of local, county, city and district assemblies
    • Senior officials and functionaries of international or supranational organisations

Sanctions

Watchlist reviews profiles of people and organisations on global and national sanction lists (eg. OFAC, HMT, UN and many more) and thousands of government, regulatory, law enforcement, fitness and probity watchlists.

Main sources for sanctions are:

  • Sanction lists - Such as Office of Foreign Asset Control Specially Designated Nationals List (OFAC SDN) and HM Treasury list
  • Warnings - Such as US Immigration and Customs warned
  • Fitness and probity - Such as US Systems for award management exclusions

Possible results are:

  • Arms embargoes - These ban either exporting or importing military arms between the UK and a sanctioned country. Arms embargoes apply to items on the UK Military List and certain other items that fall under Military End-Use Control. The Export Control Organisation (ECO), part of the Department for Business, Innovation and Skills is responsible for regulating the goods covered by an arms embargo, as well as for administering exemption licenses.
  • Import bans - Under certain circumstances, HM Treasury allows UK firms to export certain goods to a sanctioned country but will not allow goods that were manufactured there to be imported to the UK. For example, the UK currently bans imports from Syria and until recently, banned those from Iran.
  • Export bans - HM Treasury is authorised to ban firms and individuals from exporting goods to a sanctioned country. If a person or organisation violates the sanction without being granted a special license, they can face severe penalties.
  • Financial sanctions - A financial sanction can consist of various penalties, including the prohibition of transferring funds to certain countries and the freezing of accounts and assets. There are also specific financial sanctions that may prohibit individuals from providing financial support or services to citizens of a sanctioned country.

Adverse media

Results are categorised by risk stage, age and crime type. It's easy to navigate articles for each person or organisation with key snippets and clear sources.

Adverse media can come from a range of sources including print or online newspapers and radio or tv broadcast news. Increasingly however, negative news can also be drawn from blogs, web posts and unstructured sources such as social feeds and unstructured forums.

Possible results are:

  • Financial crime
  • Violent crime
  • Sexual crime
  • Terrorism
  • Fraud
  • Narcotics
  • Other crime

FAQs

We've answered the most frequently asked questions about watchlist below:

What is a politically exposed person (PEP)?

A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent public function. The risks associated with conducting business with PEPs or groups are many and varied.

PEPs are higher-risk customers because they have more opportunities than ordinary citizens to acquire assets through unlawful means like embezzlement and bribe-taking and are therefore more likely to launder money.

That said, being a PEP does not in itself equate to being a criminal or suggest a link to abuse of the financial system.

What is a sanction?

Sanctions are an important tool of governance in the global financial industry. Most countries have used sanctions or had sanctions placed against either them or their citizens. States increasingly use sanctions to fight economically, rather than physically.

Sanctions have become a common tool in foreign relations, peacekeeping and conflict resolution. Given their prevalence, everybody in the financial industry should have a good understanding of what sanctions are, how they work, and why they are used.

What is adverse media?

Adverse media or negative news is defined as any kind of unfavourable information, related to crime, found across a wide variety of news sources; both traditional news outlets and those from unstructured sources.

The risks associated with conducting business with persons or companies having an adverse media profile are many and varied.

What is a silent check?

This means the check is run but the person or organisation is not informed or contacted.

Talk to us

Book a meeting with one of the Amiqus team for an in-depth demo of watchlist, advice on your specific business needs and pricing plans.