Adverse media searches have always been expected by regulators in some form. An industry shift toward a risk-based approach to compliance means that screening at multiple stages of the customer relationship requires a more comprehensive strategy.
Regulatory bodies have issued varying degrees of guidance, ultimately highlighting the urgency of financial institutions implementing strategic and modern processes for negative news screening.
This report gives an overview of the global regulatory landscape around negative news screening, while focusing on specific jurisdictions in greater detail. It looks at risks and opportunities and analyses emerging regulatory trends, giving actionable recommendations and best practices for FIs seeking to keep on top of upcoming regulations.