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Adverse media or any negative news is any information that exposes a person’s involvement in crimes, however, in AML compliance, adverse media refers to risk-relevant information that is available to the general public. This adverse information could be news of involvement in money laundering, financing terrorism, fraud, tax evasion, human rights abuse, and so on.
Thousands of negative news are published in different languages daily, consequently posing a challenge to a manual screening for risk-relevant information, particularly in companies dealing with large numbers of customers every day. Our automated platform for adverse media searching presents a solution to these challenges.
Automated media analysis in several local languages, millions of web pages and thousands of sources analyzed in minutes—Sumsub offers a reliable solution to protect businesses from unwanted connections and fraud.