Adverse media refers to negative information about individuals or entities that appears in news sources, whether traditional media, online platforms, or social networks. This information can indicate involvement in activities that pose financial, compliance, or reputational risks, such as fraud, money laundering, terrorism, or other criminal behavior.
Importance of adverse media screening
Adverse media screening is a critical component of a comprehensive risk management strategy. By identifying and assessing negative news, businesses can:
- Mitigate risks: Proactively identify potential threats and take appropriate action to avoid financial, compliance, and reputational damage.
- Ensure compliance: Meet regulatory requirements by monitoring for negative news as part of due diligence and ongoing monitoring processes.
- Protect reputation: Safeguard the organization's reputation by avoiding associations with individuals or entities involved in illicit activities.
ComplyAdvantage adverse media intelligence
ComplyAdvantage offers a robust adverse media screening tool that provides comprehensive coverage and timely updates. Our adverse media intelligence includes:
Global coverage: We monitor over 200 countries and territories, ensuring comprehensive global coverage.
- Immediate updates: Our adverse media data is updated every day, ensuring you have access to the latest information.
- Advanced categorization: Adverse media articles are categorized into 14 categories, allowing for precise and relevant screening.
- Multi-language support: Our platform ingests content in 11 languages, enabling effective screening across diverse regions and languages.
- Regulatory alignment: Our adverse media screening is designed to meet regulatory requirements, helping you comply with the latest standards.
ComplyAdvantage offers market-leading adverse media intelligence that provides comprehensive coverage and timely updates. It includes:
- Extensive coverage: Our adverse media intelligence is eight times larger than the next biggest provider, ensuring unparalleled depth and breadth of information.
- Frequent updates: We add five times more profiles each month than the next biggest competitor, ensuring you have the most current data.
- Advanced categorization: We use machine learning models for surgically precise categorization of adverse media, unlike competitors who rely on outdated and ineffective keyword approaches. This method reduces the burden on analysts by providing precise alerts rather than broad, unspecific ones. See the list of categories below.
- Contextual data: Our data reflects context, not just keywords, which means more relevant and actionable information.
- Comprehensive coverage: We cover all 22 predicate offenses, ensuring alignment with financial crime, unlike other providers who cover broad, non-specific media.
- Designed for AML/CFT: Our adverse media intelligence is specifically designed for anti-money laundering and counter-terrorist financing (AML/CTF) needs.
- Granular search selection: Our tool allows for granular search selection to align with specific risks.
- Rich combined profiles: We provide rich profiles combined with the latest media, delivering comprehensive insights.
- Precise results: Our precise results lead to reduced false positives, saving time and resources.
Categories covered
ComplyAdvantage categorizes negative news into various categories to ensure precise and relevant screening. Explore the extensive list of adverse media categories covered by ComplyAdvantage to enhance your risk management processes.
By utilizing ComplyAdvantage’s adverse media intelligence, businesses can enhance their due diligence processes, safeguard their operations, and maintain their reputation in the market.