Ongoing AML monitoring is the process introduced by organizations to ensure that their business relationships are consistent. This keeps information about applicants up-to-date with the changes to sanction lists and watchlists across the globe.

We update our data as soon as the changes are made to the sanctions lists and watchlists. This lets you get reliable data from trustworthy sources, reducing manual labor, and protecting your business from crime.

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Important

• Ongoing AML monitoring is available at an additional cost and can be turned on only for the applicants that are currently approved.
• Changes in regulation settings affect ongoing AML monitoring results. For example, if you change the types of PEPs that should be declined by the system, some of the approved applicants might be declined as well.

Enable Ongoing AML monitoring

To enable Ongoing AML monitoring:

1. In the Dashboard, open the AML Screening settings.
2. Select the Enable auto-screening for AML checkbox to continuously monitor applicant profiles on an ongoing basis. If an issue is detected, the applicant will be rejected.
3. Select the Assign applicants with new watchlist matches for manual review checkbox to move applicants who receive new watchlist matches during monitoring to Requires action status for a manual review by compliance officer.
4. Save your changes.