Ongoing Monitoring

Introduction

Ongoing monitoring is a critical component of our Pro plan. It ensures that your customer due diligence remains up-to-date and helps you identify potential risks that may arise after the initial onboarding process. This feature is automatically included for all sessions where an AML check has been performed, requiring no additional integration steps.

How It Works

Our ongoing monitoring system continuously checks your verified users against various watchlists, sanctions lists, and adverse media sources. Here's an overview of the process:

1. Automated Rescreening: All verified users are automatically rescreened at regular intervals against our comprehensive database of watchlists and sanctions lists.

2. Real-time Updates: Our system receives real-time updates from various data sources, allowing for immediate flagging of any newly identified risks.

3. Change Detection: We monitor for changes in user information, such as address changes or updates to identification documents, which may trigger additional verification steps.

4. Adverse Media Monitoring: Our system continuously scans news and media sources for any negative information related to your users.

5. Alert Generation: When potential issues are identified, our system generates alerts for your compliance team to review.

Key Features

1. Automatic Activation

• Seamlessly activated for all sessions that include AML screening
• No additional configuration or integration required
• Monitoring begins immediately after the initial AML check

2. Risk-based Approach

• Tailor monitoring intensity based on initial risk assessments.
• Automatically adjust monitoring frequency if a user's risk profile changes.

3. Comprehensive Coverage

• Monitor against global sanctions lists, PEP databases, and law enforcement watchlists.
• Include checks against business registries for corporate clients.

4. Automated Alert System

• Receive instant notifications for critical updates.
• Configurable alert thresholds to manage alert volumes effectively.

5. Audit Trail & Reporting

• Maintain a detailed log of all monitoring activities and results.
• Easily demonstrate compliance efforts to regulators.

Benefits of Ongoing Monitoring

1. Continuous Compliance: Ensure ongoing adherence to AML/KYC regulations with zero additional setup.
2. Risk Mitigation: Quickly identify and address emerging risks through automatic monitoring.
3. Operational Efficiency: Automate time-consuming manual rescreening processes with no extra integration work.
4. Enhanced Due Diligence: Maintain up-to-date customer profiles automatically.
5. Regulatory Support: Easily demonstrate ongoing compliance efforts to regulators.
6. Zero-Touch Integration: Benefit from continuous monitoring without any additional development work.