Combining PEPs and Sanctions with Adverse Media
A PEPs and sanctions check and an adverse media check serve two distinct purposes: scanning different data sets and returning different results about the risk your client poses to your business. Amiqus partners with ComplyAdvantage for PEPs, sanctions and adverse media data; combining results from a number of search sources in order to support your due diligence and risk assessment work. Here’s how the data from each source differs:
PEPs
A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent public function. PEPs are higher-risk clients because they have more opportunities than ordinary citizens to acquire assets through unlawful means, such as embezzlement and bribe-taking, and are therefore more likely to launder money. Our PEPs data gives you access to:
- A proprietary global database of PEPs in 200+ countries continuously checked for updates
- An easy-to-understand PEP categorisation into risk classes in accordance with Financial Action Task Force (FATF) guidelines
- Enhanced PEP profiles including connections, relatives, close associates, pictures and media articles
Sanctions
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. Our sanctions data gives you access to:
- Profiles of entities on global and national sanction lists e.g. OFAC, HMT, UN
- Real-time updates including pictures, connections, media articles and source links
- 1000s of government, regulatory, law enforcement, fitness and probity watchlists
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. Our adverse media data gives you access to:
- A database of entities with adverse media categorised by risk stage, age and crime type
- 5–8 million media pages analysed per day across all major global languages
- Easy to navigate articles for each entity with key snippets and clear sources
It’s important to run PEPs and sanctions checks and adverse media checks together before you take on a new client, as well as on an ongoing basis for all clients. The majority of our customers already run these particular checks together, so we decided to make that process easier by combining them into one check within Amiqus.
To find out more, visit our Help Centre article for more information on PEPs, sanctions and adverse media.
