Ongoing AML monitoring is a process to catch the updates of customer status and reputation. This keeps information about applicants up-to-date with the changes to sanction lists, watchlists, and adverse media across the globe.

Once AML Screening is carried out, the Ongoing AML monitoring can be enabled in order to update the applicant data as soon as the information is changed in the sources. This lets you get reliable data, reduce manual labor, and protect your business from crime.

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Important

• Ongoing AML monitoring is available at an additional cost and will work only for the applicants that will be approved after the purchase of the service. If you want to check the applicants that have been approved earlier, you should perform AML Screening again.
• Changes in regulation settings affect the ongoing AML monitoring search. Once new alerts are applied to an applicant profile, they might be declined according to the updated settings.

How it works

When enabled, Ongoing AML monitoring applies alerts to applicant profiles of any status, except those having final rejection, once the system receives the information about the changes associated with a particular profile.

Depending on the applicant status, there will be some variations of handling the applied matches:

• Applicants in the Required action status demand an assessment of each alert before making a final decision upon the profile.
• Any other statuses do not require additional actions.

Enable Ongoing AML monitoring

To enable Ongoing AML monitoring, contact our support team via the chat in the Dashboard. If you want to find out whether the check has been enabled for you:

1. In the Dashboard, open the AML Screening settings.
2. Find the Enable auto-screening for AML checkbox and make sure that it has been selected.

Once enabled, Ongoing AML monitoring will work within all verification levels except the levels with the custom AML screening settings applied.

Configure Ongoing AML for particular levels

Adjust the Ongoing AML monitoring settings for a particular verification level:

1. Select a verification level.
2. Go to the AML Screening tab.
3. Select the Use custom AML screening settings checkbox.
4. Scroll down to Choose whether to enable auto-screening for AML and select one of the options:
   1. Default (as in Global settings) to consider the global settings configuration for Ongoing AML.
   2. Enabled — Ongoing AML is always enabled regardless of the global settings set up.
   3. Disabled — Ongoing AML is always disabled regardless of the global settings set up.