AML source and monitoring settings

Just like in any other field of life, fraud also has certain universal tendencies and trends you need to be aware of to protect your business. However, fraud prevention can get much more specific, depending on your local jurisdiction and risk levels. In addition to providing the broadest data coverage possible and ensuring that compliance demands are met, SEON also enables you to personalize AML source and monitoring settings so you can finetune AML screening to your unique needs.

By default, all source types are enabled and updated on every database change. This is definitely the most thorough and safe option. However, depending on your vertical and your own risk assessment preferences, you might not find all sources relevant to your business. By disabling monitoring for certain lists or making the updates less frequent, you can save compliance officers time and effort by reducing the amount of data they need to go through on a regular basis. 

You can decide which of the four main source types (PEP, Sanctions, Watch and Crime lists) you want the AML API to check. From the Admin panel, go to the Settings page and select the AML tab. 

You can update system-level settings here. Use the toggles to enable/disable checks for each source type. 

When enabled, you can also select how often we should check the names you have enabled AML monitoring for from the dropdowns on the AML tab of the Settings page.