Accuity

AML Data Files

Accuity has built a reputation for maintaining the highest levels of data quality in the industry. We constantly collect, normalize and validate data from multiple sanctions and caution lists around the world, and enrich this data to reduce false positives and enable the highest level of AML compliance.

Global WatchList®

Accuity’s proprietary compilation of multiple regulatory and enhanced due diligence lists from around the world provides the ideal framework for your customer screening and interdiction filtering processes.

Global WatchList® is a comprehensive collection of caution lists from all major sanctioning bodies, law enforcement agencies and financial regulators worldwide. We continually expand GWL, adding regulatory and enhanced due diligence data and lists, offering you the most up-to-date and accurate information to help protect your business.

Regulatory database:

Composed of more than 30 regulatory screening lists compiled from international sources with enhancements made by Accuity, it covers 100% of all regulatory sanction lists for every country worldwide.

It is the only AML database in the market enhanced with thousands of unique identifiers for added protection against sanctioned entities.  

Doing business with an entity on a Regulatory list is restricted or prohibited by governments and/or official groups such as the U.S. Treasury’s Office of Foreign Assets Control (OFAC) or European Union. Violations are punishable by law.

Politically Exposed Person Due Diligence Database

Accuity’s PEP Due Diligence Database, powered by WorldCompliance, offers the most comprehensive and detailed database of its kind — the ideal fuel for your PEP enhanced due diligence processes. It details information such as: names, aliases, date and place of birth, photographs, positions, family members, associates and company holdings. Additionally, Accuity provides key relationships and associates of PEP.

Each entity is notated with precise source links for further verification, if necessary. The PEP Due Diligence Database also includes an automated look-up application for researching and identifying additional information from the matches that you have made. A match between your customer’s information and Accuity’s PEP Due Diligence Database does not mean you are obligated to refuse the business. Your best judgment allows you to decide which actions should be taken toward a particular customer’s account. You can also contact the proper authorities for additional guidance.

Enhanced Due Diligence database: 

Offers unique additional security that usually is above regulatory obligation — ensuring enhanced security. It includes the world’s largest database of negative news and high risk entities.

A range of EDD Lists including the World Bank Debarred List, the United States Marshals List, the Interpol Wanted Fugitives List and International Arms Traffickers provide the information necessary to make ”best judgment“ decisions over which actions should be taken toward a particular customer’s account as doing business with an entity on an EDD list is not forbidden but should be watched and/or recorded.

We are here to help your risk-based approach achieve the best protection and best available compliance data:

You can choose which Regulatory, PEP, or Enhanced Due Diligence database is appropriate to your operations, using a cafeteria style approach.

False Positive Reduction business assessment

Fine-tune your existing caution list screening program to minimize false positives and maximize its efficiency.

Our subject matter experts can review your screening processes and provide a gap analysis which clearly outlines ways to reduce unnecessary false positives.  Implementing the recommended changes will streamline your processes, reduce the number of false matches, and allow you to focus on true matches.

Identifying cost and time saving measures

To identify ways for reducing the time and cost involved in your current false positive review program, Accuity’s Professional Services Group (PSG) will meet with the key operational and compliance employees involved in your screening processes to review:

• Applications, databases and data sources that generate the information currently being screened.
• A statistical review of screening matches.
• An analysis of false positive and technical rules and their impacts on the overall match rates.

After this review and analysis, Accuity will offer written, actionable recommendations to help you deliver a reduction in overall disposition time for account screening and improved back office productivity. As part of the analysis Accuity will provide you with:

• Documented alternative false positive reduction techniques.
• False Positive rules.
• A closeout report and PowerPoint presentation showing Accuity’s analysis and review.
• Next steps on how Accuity can help implement proposed solutions within your organization.

Working with an established partner

Accuity has been able to provide our clients with significant savings and efficiencies by improving processes and reducing false positives hit rates:

• A large U.S. Regional Bank saw a reduction of false positives by more than 70% after 150 recommended rules were implemented. 
• A European Bank saw a reduction of false positives by 55% with the deployment of 75 new rules and implementation of more efficient processes.
• A Tier 1 Global Investment Bank experienced a reduction in false positives of more than 60% following a two-phase engagement.

Global presence, local performance

Accuity’s Professional Services Group provides services and solutions for clients around the globe by delivering local presence and subject matter expertise. We have recently helped banks and corporates in the following locations:

Complete the form on the right of this page for more information on our False Positive Reduction services.