Our Watchlist check (formerly known as PEPs, Sanctions and Adverse Media) combines results from a number of search sources in order to support your due diligence and risk assessment work.

These checks can be run on either a person or an organisation. You can choose to do it as a one off check or a monitor to be notified of updates for one year.

Amiqus ID’s functionality reviews a real time set of proprietary AML data covering global sanctions and watch lists and politically exposed persons (PEPs) which includes thousands of governments, regulatory bodies, commercial bodies and global institutions.

We have a partnership with ComplyAdvantage that allows you to run watchlist screening with Amiqus ID that is inline with Anti Money Laundering 2017 requirements.

ComplyAdvantage has a global database which allows us access to: 

  • 200+ countries & territories covered
  • 5m articles per day analysed
  • 10,000 data sources actively monitored
  • 30,000 existing profiles enhanced everyday
  • 100% of profiles checked for update daily

Our 'fuzzy matching' at Amiqus ID is set as 0.5, which ComplyAdvantage advise as the optimal level for 'fuzzy matching', meaning that you have a robust level of checking without a large amount of  false positives.

Find out more about the following checks;

  • Politically exposed persons (PEPs)
  • Sanctions
  • Adverse Media

Politically Exposed Persons

What is a Politically Exposed Person?

A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent public function. The risks associated with conducting business with PEPs or groups are many and varied. PEPs are higher-risk customers because they have more opportunities than ordinary citizens to acquire assets through unlawful mean like embezzlement and bribe-taking and thus are more likely to launder money. 

That said, being a PEP does not in itself equate to being a criminal or suggest a link to abuse of the financial system.

What are the possible results?

Level 1 PEPs - High Risk

  • Heads of state and government
  • Members of government (national and regional)
  • Members of Parliament (national and regional)
  • Head of military, judiciary, law enforcement and board of central banks
  • Top ranking officials of political parties

Level 2 PEPs - Medium Risk

  • Senior officials of the military, judiciary, and law enforcement
  • Agencies
  • Senior officials of the other state agencies and bodies and high ranking civil servants
  • Senior members of religious groups
  • Ambassadors, consuls, high commissioners

Level 3 PEPs - Medium Risk

  • Senior management and board of directors of state-owned businesses and organisations

Level 4 PEPs - Low Risk

  • Mayors and members of local, county, city and district assemblies
  • Senior official and functionaries of international or supranational organisations

Sanctions

What is a sanction?

Sanctions are an important tool of governance in the global financial industry. Most countries have used sanctions or had sanctions placed against either them or their citizens. States increasingly use sanctions to fight economically, rather than physically, and as such, sanctions have become a common tool in foreign relations, peacekeeping and conflict resolution. Given their prevalence, everybody in the financial industry should have a good understanding of what sanctions are, how they work, and why they are used.

What are the possible results?

Arms embargoes 

These ban either exporting or importing military arms between the UK and a sanctioned country. Arms embargoes apply to items on the UK Military List and certain other items that fall under Military End-Use Control. The Export Control Organisation (ECO), part of the Department for Business, Innovation and Skills, is responsible for regulating the goods covered by an arms embargo, as well as for administering exemption licenses. 

Import bans

Under certain circumstances, HMT allows UK firms to export certain goods to a sanctioned country but will not allow goods that were manufactured there to be imported to the UK. For example, the UK currently bans imports from Syria and, until recently, banned those from Iran.

Export bans

HMT is authorised to ban firms and individuals from exporting goods to a sanctioned country. If a firm or individual violates the sanction without being granted a special license, they can face severe penalties.

Financial sanctions

A financial sanction can consist of various penalties, including the prohibition of transferring funds to certain countries and the freezing of accounts and assets. There are also specific financial sanctions that may prohibit individuals from providing financial support or services for citizens of a sanctioned country.

Adverse Media

What is adverse media?

Adverse media or negative news is defined as any kind of unfavourable information, related to crime, found across a wide variety of news sources – both ‘traditional’ news outlets and those from unstructured sources. The risks associated with conducting business with persons or companies having an adverse media profile are many and varied.

What are the possible results?

 Adverse Media checks highlights results related to:

  • Financial crime
  • Violent crime
  • Sexual crime
  • Terrorism
  • Fraud
  • Narcotics
  • Other crimes

Results from ComplyAdvantage gives us a database of entities with Adverse Media categorised by risk stage, age and crime type. It is easy to navigate articles for each entity with key snippets and clear sources.

Adverse Media can come from a range of sources this includes traditional news media like newspapers in print or online or broadcast news across radio and TV. Increasingly however, negative news can also be drawn from blogs, web posts and unstructured sources such as social feeds and unstructured forums.

Did this answer your question?