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Multi-tier PEP Screening Made Easier

Achieve unparalleled compliance and foster trustful customer relationships with AML Watcher's PEP Screening. Our solution ensures
rigorous screening of politically exposed persons, their family members and close associates, aligning with both domestic and international regulatory standards.

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Infographic of Albert Parker generating alert because of relationship to PEPs

PEP Screening

Unmatched Ease Throughout PEP Compliance Journey

Anti-money laundering (AML) regulations mandate that financial institutions must enact enhanced due diligence (EDD) measures when engaging with politically exposed persons (PEPs) to effectively mitigate the potential risks associated with money laundering and terrorist financing.

Stay Updated with Global PEP Lists

With access to multi-jurisdictional data across 235+ countries and states, ensure real-time compliance with the most up-to-date PEP lists.

Avoid Regulatory Pitfalls

Swiftly identify and screen PEPs to prevent potential legal complications and safeguard your organization's reputation.

Unearth Hidden Connections

Utilize our proprietary entity linking technology, advanced network analysis tools, and secondary matching capabilities to reveal intricate networks among PEPs, ensuring rigorous compliance with AML/CFT standards.

Streamlined Reporting

Benefit from automated record-keeping & audit trails combined with preset matching parameters like fuzzy matching & risk scores, simplifying the compliance process for MLROs.

Scaling for Excellence

Global PEP Screening Made Accessible for All

Strengthen customer relationships with AML Watcher's PEP Screening. Our multi-tenant capability ensures seamless PEP screening across various countries and industries, using tailored match rules and lists – all consolidated in one solution. Ensure data confidentiality with on-premises deployment.

Global PEP Database

Leverage our extensive network of PEP lists to screen individuals from 235+ countries and states. Our database includes:

  • High-Risk Individuals
  • Relatives and Close Associates
  • International and Domestic PEPs
  • Historical PEP Records

Custom Risk Scoring for PEPs

Maximize efficiency with customizable risk rules tailored for PEPs. Our system allows for automatic approvals and declines while maintaining a comprehensive audit trail, reducing manual interventions.

  • Preset Risk Rules
  • Customizable Risk Scoring Engine
  • “Add List” Feature
  • Risk-based Alert Management

Real-time, Continuous PEP Monitoring

Integrate your business with our blend of human expertise and advanced analytics for faster PEP screening and ongoing monitoring, ensuring you stay ahead of compliance demands.

Regulatory Compliance Standards

Ensure robust compliance with a consolidated PEP database. AML Watcher equips your organization with the tools to efficiently screen and monitor PEPs throughout their association with your business. Stay compliant with major global standards including:

  • The FATF Recommendations
  • UN Anti-Corruption Conventions
  • USA PATRIOT Act
  • EU Anti-Money Laundering Directives (AMLDs)
  • UK Bribery Act

Flowchart representing the working of PEP screening from third party sources to our features and PEP levels

Minimize Fatigue with Accurate PEP Screening

Utilizing inadequate data sources for screening politically exposed persons not only heightens the risk of money laundering but also significantly escalates your workload. AML Watcher simplifies the complex problem of PEP and RCA screening by successfully eliminating inaccuracies, reducing omissions, leading to a substantial decrease in false positives when screening new customers.

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Precision Screening

Powered with AI/ML to match entities using secondary identifiers, including dates of birth, photos and custom unique identifiers, we help verify the identity of PEPs quickly and precisely.

Expertise at Your Fingertips

Our team of AML experts, fluent in multiple languages, work round-the-clock to provide you with the latest PEP records and invaluable contextual insights.

Customizable Functionality

AML Watcher's adaptable risk settings, fuzzy logic matching, and personalized add list function ensure efficient processing while demonstrating rigorous compliance procedures.

Unrivaled Dialect Coverage 

Combat language and dialect challenges with transliteration of 80+ languages, phonetics, nicknames, spelling errors, prefixes, suffixes, and much more.

Understanding the Problem

Deutsche Bank fined for serious anti-money laundering controls failings

In 2017, Deutsche Bank AG was fined 163 million pounds by the FCA, UK and $425 million by the New York State Department of Financial Services for failing to maintain appropriate AML control policies between 2012 and 2015.

Challenge

  • Performed inadequate customer due diligence resulting in $10 billion transfer to offshore bank accounts.
  • Used flawed customer and country risk rating methodologies.
  • Had deficient AML policies and procedures.
  • Lacked automated AML systems for detecting suspicious trades.

Solution

  • Keep up-to-date with the latest guidance
  • Real-time PEP screening
  • Advanced threat detection
  • Employ secondary data
  • Enhanced case management
  • AI-driven precision for reduced false positives

pep screening cycle

We are here to consult you

Whether you’re curious about AML Watcher or want to discuss your needs

  • Find right product and pricing for your business
  • Get your current solution provider audit & minimise your changeover risk
  • Gain expert insights with quick response time to your queries


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