Adverse Media Screening Under the New EU AML/CFT Regulations
A wave of regulatory changes in the European Union are progressively shifting the paradigm on negative news screening.
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The New EU AML/CFT Regulatory Framework: What it Means for Adverse Media Screening
A wave of regulatory changes in the European Union (EU) are progressively shifting the paradigm on negative news screening.
Newly agreed anti-money laundering legislation from the European Council and Parliament along with anti-corruption and third-party due diligence measures are raising the stakes on adverse media screening and bringing greater emphasis to due diligence. It is more important than ever for organizations to know who they are doing business with and the type of risk the relationship poses. Negative news screening provides that information. Screening for negative news has made sense for a long time. In the near future, it will no longer be optional.
Newly agreed anti-money laundering legislation from the European Council and Parliament along with anti-corruption and third-party due diligence measures are raising the stakes on adverse media screening and bringing greater emphasis to due diligence. It is more important than ever for organizations to know who they are doing business with and the type of risk the relationship poses. Negative news screening provides that information. Screening for negative news has made sense for a long time. In the near future, it will no longer be optional.
In this whitepaper by LexisNexis® Risk Solutions, we explore the challenges of screening for negative news, the benefits of a risk-based approach and the impact of new regulatory requirements. Finally, we discuss what financial institutions and other organizations can do to improve the efficiency and effectiveness of adverse media screening controls. You will find more information about:
It’s time to ensure adverse media controls are embedded as an integral component of every company’s risk-based approach. The iceberg of adverse media runs deep. We have only begun to scratch the surface.
- The broadening remit of screening
- What is a risk-based approach?
- The latest Regulatory changes that are shining a light on Adverse media screening
- How to get it right: effective and efficient screening and review
It’s time to ensure adverse media controls are embedded as an integral component of every company’s risk-based approach. The iceberg of adverse media runs deep. We have only begun to scratch the surface.
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