Name Screening | AML-CFT

Name screening is part of the process of performing due diligence. The process (also known as "screening") involves taking a name and ... SkiptomaincontentSkiptoprimarysidebarSkiptofooter ExploretheLibrary Search Youarehere: Library Definitions NameScreening LinkedInFacebookTwitterWhatsAppTelegramPrintNamescreeningispartoftheprocessofperformingduediligence.Theprocess(alsoknownas“screening”)involvestakinganameandsearchingitonaname-screeningdatabase.Anamescreeningdatabaseisusuallyobtainedfromreputableriskandcompliancecompaniesonasubscriptionbasis.Majorplayersinthecurrentmarketare: ThomsonReutersWorld-Check DowJonesFactiva LexisNexisWorldCompliance Thereareseveraloutcomesafterasearchisconductedonaname: Nohit: Thesearchreturned0results. Falsepositivehit: Thesearchreturnedresultswithsimilarnamestothesearchedname,butitcanbedeterminedbyotherfactorssuchasdateofbirth,gender,citizenship,etc.,thattheprofilesarenotthesameperson. Positivehit: Thesearchreturnedaresultthatcanbeconclusivelyverifiedthatitisthesameperson. Falsenegativehit: Thesearchreturned0results,butotherinformationsuggeststhatthescreeningshouldyieldresults.Thiscouldmeanseveralthings: Thenamescreeningdatabaseisnotupdatedwiththelatestinformation. Thenamescreeningdatabasehastheinformation,butthesearchalgorithm(fuzzylogic)isnotsensitiveenoughtoreturnappropriateresults. LinkedInFacebookTwitterWhatsAppTelegramPrint AboutJXEditor·Dip(AML) ReaderInteractions LeaveaReplyCancelreplyYouremailaddresswillnotbepublished.Requiredfieldsaremarked*Comment*Name* Email* Website Δ PrimarySidebarSubscribetoourNewsletterforlatestupdates! ExploretheLibrary▸ WhatisMoneyLaundering? TerroristFinancing? aPoliticallyExposedPerson? De-risking? therisk-basedapproach? AML/CFT? ReadAlso▸ Footer FacebookLinkedInRSSTwitter SearchAML-CFT 23.1kFollowersLinkedIn