Screen-X’s Main Product Features
Screen-X AML/CRM Solutions combines data analytics and artificial intelligence technology to enable our users to conduct customer due diligence, screening, risk assessment, and ongoing monitoring of customer matches with global blacklists. It provides financial institutions with accurate risk management and decision-making support.
Furthermore, we can offer customized configuration options according to specific customer needs from different jurisdictions and industries.
AML screening
(Powered by Acuris Risk Intelligence)
- 5M+ High risk individuals & organisations record
- 200M+ limited company credit reports
- 24Hrs PEPs update of material changes
- Access to 16 years of historical data and stay updated with global PEPs, sanctions, and adverse media
- Streamline user’s process and stay compliant effortlessly
Client Relationship Management (CRM)
(Powered by ComplianceOne)
- Combining data analytics and artificial intelligence technology, our solution offers Know Your Customer (KYC), Customer Due Diligence (CDD), risk assessment, record-keeping, and ongoing monitoring if the customer matches with global blacklists
- Enabling accurate risk assessment and decision-making support for financial institutions
Screen-X’s AML functions
How does Screen-x comply with the AML-related regulations??
Step 1
KYC&CDD
•Individual Account Opening
•Company Account Opening
• AML screening
• Report Analysis
• Enhanced Due Diligence (EDD)
Step 2
Risk Assessment
• Country Risk
• Customer Risk
• Product / Service / Transaction
• Delivery / Distribution Channel
Step 3
Ongoing Monitoring
• Ongoing screening
• Ongoing CDD
Step 4
Record Keeping
• Encryption
• Cloud Storage
• Data Export
Introduction on Screen-X’s database supplier
‧ Acuris acquisition in 2015 offers unique compliance datasets and global capabilities
‧ Proprietary data provider of PEPs, Sanctions and Adverse Media
‧ Global dedicated research team of over 200 multilingual analysts
‧ ISO 27001 accreditation
‧ ACAMS certified research team
The Database
- Over1.4mPolitically Exposed Persons (PEPs) including adverse media data
- Over5mrecords on high risk individuals and organisations. Growing by up to 40k profiles per month
- Over50bnrecords of compromised identities worldwide from the dark web
The Coverage
- Third-party risk: Understand risk around your suppliers, agents and other third parties to comply with sanctions and anti-corruption legislation and protect your reputation
- Anti-Money Laundering: KYC, CDD, EDD and ongoing monitoring PEP, sanctions and reputational risk
- Cybersecurity: proactive detection of data risk from the unindexed web
The Advantages
- Human intelligence filters information to include only what is accurate and actionable
- Our adverse media solution is curated through a process of using leading ‘spider’ technology and human intelligence to ensure each article represents a genuine material risk event
- Historical database of over 16 years
- Articles in native language where available
- Expanding beyond FATF to include Forced Labor & modern slavery
- Utilizing external feeds e.g. NGO Liberty Asia
- Upload and maintain records with no IT involvement
- Sanctions updated within 30 min
- PEPs update within 24 hours of material changes such as elections
- Links to businesses and individuals only if they pose a risk and both the risk and the relationship are identified
- Research divisions within Acuris Risk Intelligence have jurisdictional focus and expertise, providing detailed and highly relevant regional insights
- On demand Company Credit reports on around 200 million PLC/LTD companies globally
Screen-X’s AML datasets
Politically Exposed Person
Any individual that is considered a Politically Exposed Person in their own capacity or by association.
Former PEP
An individual who has been but is not currently entrusted with a prominent public function, including his/her spouse, partner, child or parent, spouse of child or parent, and close associate. Financial institutions may, based on a risk-based approach, decide not to adopt or continue to adopt enhanced due diligence (EDD) measures for the customers or beneficial owners of the customers who are former politically exposed persons (Former PEP).
Any individual or entity that is or has formerly been subject to sanctions at international, regional, or national levels.
Any individual or entity that has been reported in official or media sources to be involved in a crime that falls under one or more of the following categories – terrorism, financial crime and fraud, modern slavery, organised crime, bribery and corruption, and cybercrime.
Any person that has been declared as bankrupt or insolvent in the United Kingdom or in Ireland.
Natural or legal persons that were profiled based on Acuris Risk Intelligence’s legacy data model and can be linked to outdated red flags, such as former PEP status, reputational risk, or regulatory measures no longer in force.
Any individual or entity that has been fined or in some other way subject to action by any financial regulatory bodies or law enforcement authorities.
Any individual that has been disqualified as acting as a director of a company in the United Kingdom.
Profiles of companies in which the state exercises control or ownership.
Enterprises owned or controlled by politically exposed persons (PEPs).
Family members and individuals who have a close business relationship or beneficial ownership with PEPs.
Contains the archive of anonymized due diligence reports on VIP casino players and online casino players.
Screen-X’s Product Advantages
Full Automation
Analytic Reports
Simple Interface
State-of-the-art Technology
Comply with regulations
Encrypted Data
Global Coverage
Screen-X’s Applicable Industries
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Financial Institutions
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Designated Non-Financial
Business and Professions
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Others
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Banks
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Solicitors /Notary Public
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Money Lenders / Credit Institutions / Pawn Shops
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Exchange Service Providers
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Accountants / Auditors / Tax Consultants
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Trust Companies
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Stored Value Facilities (SVFs) licensee
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Estate Agents
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Trustees
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SFC Licensed Corporations
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Trust or Company Service Provider (TCSPs)
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Investment Funds / LPF / OFC
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Financial Intermediaries
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Dealers in Precious Metals and Stones (DPMS) – Category B
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Fund Administrators
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Money Service Operators (MSOs) /
Payment companies
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Family Offices
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Insurance Companies
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Casino and Gaming Operators
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Insurance Agency /
Insurance Broker Companies
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Art Market Participants
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Virtual Assets Service Providers (VASPs) /
Crypto-asset service providers
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Regulatory authorities
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Corporations/ Individuals that are subject to comply with AMLO
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