Adverse media is public information that links a person or business to serious issues like fraud, money laundering, corruption or regulatory breaches, and it can appear in news articles, official notices, court reports, blogs or social media. Companies use adverse media checks as part of their KYC and AML processes to spot early warning signs of financial crime or reputational risk and decide whether to onboard, monitor more closely or exit a relationship.
Adverse media reports will show in the special events tab if there have been any media reports reflecting the company or its financial health in a negative way.
To find out more about performing PSAM checks with Red Flag Alert, click here.
For a detailed explanation on how to perform IDV and AML checks, read our How to Guide.
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