KYC Adverse Media
Banks that are using data to support their KYC checks are also able to view adverse media linked to the entity via KYC registry.
KYC Adverse Media is a global source of media news and reporting on financial institutions. The solution helps banks improve the efficiency of customer due diligence (CDD / EDD), maintains transparency in relations with correspondent banks, and reduces the costs and risks associated with KYC data.
This is publicly available information through SWIFT’s partnership with one of the world’s premier reporting services, Dow Jones Risk & Compliance. This service links globally-reported negative news stories and regulators’ notes to the relevant legal entity in the Registry, enabling a fast and comprehensive review for all customers due diligence needs.