Please note, some of the following information will only be applicable if you order your checks via thirdfort.com.
How to interpret your clients' Screening results
To help you save time on your client due diligence we’re making it even easier to review AML screening hits.
Our ID verification and Lite screening tools screen your clients for:
- Sanctions.
- Whether they are a politically exposed person (PEP) or a relative or close associate of a PEP.
- Any regulatory enforcements or warnings.
- Fitness & probity.
- Adverse Media (displayed only when there is a PEP
or sanction match)
The PDF Report
Screening matches can be viewed from your client's ID check activity page, and in the completed PDF report.
A summary of the screening results will be displayed on the second page of the ID report under the ID Check Summary section.
Further information on any potential matches will displayed in the Screening Overview section of the report. Here you will find:
- The name match and date of birth (if recorded)
- The flag type e.g. Warning
- The type of match (this may be exact, partial, or fuzzy)
- Activation Date and Status
- Information sourced directly from the relevant database
- URL links to the source database information*
*We rely on these organisations to maintain these links and therefore cannot guarantee that these links will be active. Depending on the source it is also possible that these links may not be in English. A translation will be provided where possible.
example
How does the system help you meet your regulatory requirements?
The system enables firms to meet the requirement to determine if a client is a PEP and to manage the risk accordingly. By drawing on a wide range of sources and presenting the information in a clear, easy to understand way, firms are able to use the service to build up a complete picture of their client and make an informed risk-based decision.
What order are matches displayed in?
PEP, Sanctions and Adverse Media matches are displayed on our reports in order of relevance. Relevance is classified by the closeness of the name match and date of birth match.
Eg. an exact name and date of birth match will be at the top of our list, and a similar-sounding name that has only a year of birth match or no date of birth record on file will be towards the bottom of the list.
Dismissed Matches
You can use the ‘Dismiss’ function to rule out any results that you’re confident are not your client. This function sits on your client's activity details page on our web portal. We’ll then collect information such as who dismissed the result and the reason why. We’ll also timestamp this for you.
Dismissed results are moved to a separate section of your report along with the audit trail. Note - if you have set up ongoing monitoring on this client, we will not monitor any dismissed results.
For more information on this feature, please see our related articles:
Need more help?
Please note, the above information is only applicable if you order your checks via thirdfort.com.
These articles should answer most of your questions. However, if you have any further queries please click the live chat button in the bottom right of your screen to talk to a member of the client support team.
Furthermore, should your client have any queries about the process, our dedicated customer support hub will provide the answer to many of your client's questions. From here they can also chat directly with one of our consumer support team who can provide real-time help and assistance.