Every day, businesses unknowingly engage with criminals and prohibited entities - but with global watchlist screening, your organization can avoid potentially devastating legal, financial and reputational risks.

What Is Global Watchlist Screening?
Global Watchlist screening compares customers and transactions against databases of high-risk individuals, organizations and countries to identify any involvement in illegal activities such as money laundering, fraud or terrorism. Financial institutions and government agencies alike utilize global watchlist screening as part of their prevention strategies.

Screening names is an effective way for businesses to protect themselves against hazardous individuals using their services for illicit purposes. Our watchlist data comes from multiple sources like law enforcement agencies and financial regulators and is regularly updated.

Why Is Screening Essential?
Automatic screening of watchlists is essential to comply with anti-money laundering and counterterrorist financing regulations, with many countries mandating businesses screen customers against high-risk watchlists.

Screening also serves to minimize an organization's exposure to criminal activity. By identifying potentially problematic customers, suppliers and partners, firms are better able to manage legal, financial and reputational risks that they might otherwise face.

No one wants their business to become the subject of negative headlines for failing to prevent financial crime, yet when companies skip watchlist screening they put themselves at greater risk of falling foul of this law.

Real World Examples:
Banks and financial services institutions can identify transactions linked to sanctions-plagued countries or criminal organizations, thus preventing money laundering. Law firms should avoid working for known fraudulent businesses while casinos and gaming companies can block access for criminals and cheaters.

Implement Watchlist Screening:
Screening customers and partners against global watchlists is made easy using software and data; users simply input their name, address, date of birth or identification number into an input field to search worldwide prohibited party lists.

Consulting experts to select watchlist sources suitable for your business is easy, and finding solutions suited to you won't leave you discovering crimes like co-conspiring with criminals the hard way.

Conclusion:
Don't leave yourself vulnerable to money launderers, fraudsters and terrorists by failing to automatic watchlist screening options that work for your firm. Reach out to experts today to discuss watchlist screening solutions tailored specifically for you and your business.