What do you mean by Negative new screening?

Question

Accepted Answer

Negative news screening refers to the process of identifying and flagging any negative or adverse information about individuals or entities.

Negative news screening is a part of the Know Your Customer (KYC) process in which individuals or entities are checked against various databases and sources for any negative or adverse information.
It helps in identifying potential risks, such as involvement in criminal activities, fraud, money laundering, or being associated with sanctioned entities.
Examples of negative news screening sources include government watchlists, news articles, regulatory databases, and social media platforms.
The purpose of negative news screening is to ensure compliance with regulations, mitigate risks, and protect the reputation of the organization.
If any negative information is found during the screening process, further investigation or due diligence may be required.

Accepted Answer

Negative screening means search for negative news related to the clinet name weather it may be individual or company the screening is done on the parties or individual for negative news and for any on going cases penalty related to gsb etc after we get the result according we need to see weather it is material hits or not and after that the hits which can be weave off it is waved off and the material news will be reffered to FCRM team

What do you mean by Negative new screening?

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