Why screening reports matter
Regulated firms and their partners (e.g., sponsor banks and BaaS providers) are often required to demonstrate their adherence to regulations. Screening reports provide a tangible record of your customer due diligence, helping you prove to regulators and auditors that you have thoroughly:
- Initially screened a customer – Screened them for AML/CFT at the time of onboarding.
- Monitored a customer on an ongoing basis – Continuously evaluated their risk profile for any changes or new information.
What screening reports contain
Screening reports in ComplyAdvantage Mesh offer a comprehensive overview of your customer screening activities. They include:
- Initial screening results: The outcome of your initial risk assessment during onboarding.
- Ongoing monitoring results: All re-screens conducted as part of continuous monitoring.
- Screening configurations: The specific rules and criteria used to assess the customer.
- Decisions and notes: A detailed log of all decisions made for each match, including case notes and user attribution.
Generating screening reports
Follow these steps to generate a screening report:
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- Navigate to the customer's profile.
- Click the "Actions" button.
- Select "Download screening report."
- The report will download automatically. Please keep the tab open until the download is complete.
By leveraging screening reports, you can confidently demonstrate your commitment to regulatory compliance and rigorous risk management practices. If you have any questions, please don't hesitate to contact our support team.