![]() For example, regulatory or law enforcement reports of a client being convicted of a money laundering offense should be taken seriously and investigated.Īlong with other information that you have on the client, like transaction data, reviewing the negative news can be seen as a trigger event for doing a more in-depth customer review. After determining a google search string shows results relating to a client, it’s critical to consider what the search results are telling you. In addition to a Boolean search, if an AML analyst receives an alert for suspected financial activities involving a company, the analyst needs to obtain further information on the client to provide important context and rule out any potential false positives. Additionally, Google searches only go back so far, so older news stories may not show up in your results even though they might be relevant to your due diligence or regulatory compliance checks. One major disadvantage of using Google for an adverse media search is the potential for obtaining misinformation. While Google can be an excellent tool for finding this type of information, there are some disadvantages to using it as your primary or only source.
0 Comments
Leave a Reply. |