A glossary of the terms you might see in our Screening report
This table outlines the different types of hits and some other terms that you might see on our reports.
| Adverse media | Adverse Media is defined by Comply Advantage as: "Any kind of unfavorable information found across a wide variety of news sources – both ‘traditional’ news outlets and those from unstructured sources.” |
| Sanctions | A sanction hit indicates that the individual referred to in the match has been placed on a sanctions list. What is a sanctions list? For information on how Thirdfort stays up-to-date with ongoing changes to UK Sanctions, please see our blog post here. |
| S/O | If it says S/O on a PEP result from Comply Advantage, this means 'Son of'. |
| Warning | Lists of individuals or legal entities who have been involved with law-breaking activities or are under investigation of regulatory breaches within their industry. These lists are issued by relevant law-enforcement and regulatory bodies internationally - the specific enforcement body that has published the hit will be listed within our results. |
| Fitness Probity |
This category encompasses individuals and legal entities which have been disqualified or otherwise restricted from holding certain positions or participating in certain activities such as publicly-funded contracts due to regulatory or code of conduct breaches. |
| PEP | A politically exposed person (“PEP”) is an individual who is or has been entrusted with a prominent function by a local, regional, national or international governmental body. The database we use covers high-ranking government officials in every active jurisdiction. PEP hits are sorted into the classifications outlined below, to help measure risk. |
PEP Types
Our PEP definitions and categorisations are aligned with the guidelines provided by the Financial Action Task Force (FATF), broken down by risk level:
High Risk – PEP Class 1
- Heads of state and government
- Members of government (national and regional)
- Members of Parliaments (national and regional)
- Heads of the military, judiciary, law enforcement and board of central banks
- Top-ranking officials of political parties
Medium-High Risk – PEP Class 2
- Senior officials of the military, judiciary, and law enforcement agencies
- Senior officials of other state agencies and bodies and high-ranking civil servants
- Senior members of religious groups
- Ambassadors, consuls, high commissioners
Medium Risk – PEP Class 3
- Senior management and board of directors of state-owned businesses and organisations – e.g. Chairman of a Bank
Low Risk – PEP Class 4
- Mayors and members of local county, city and district assemblies
- Senior officials and functionaries of international or supranational organisations
You can find an in-depth breakdown of what constitutes a PEP on our supplier's knowledge hub here: Who Are Politically Exposed Persons (PEP) And Why Do They Matter?
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Check out the other articles in this section: Interpreting Thirdfort Results
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