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PEP Screening and Monitoring

PEP Screening and Monitoring

Reduce false positives boost your compliance with a smarter global PEP Screening solution

Why NGA?

What is PEP screening?

PEP screening refers to the process of screening customers or business partners for Politically Exposed Persons (PEPs). PEPs are individuals who hold a prominent public position or are closely associated with such individuals. Examples include government officials, political party leaders, and senior executives at state-owned enterprises.

PEP screening is important for financial institutions and other businesses because PEPs are at a higher risk of being involved in corruption, money laundering, or other financial crimes.

Why do you need to use PEP Screening services?

Using PEP screening software helps companies automate and streamline the screening process, reducing the risk of human errors, building an audit trail, and ensuring consistency and scalability across their operations.

Companies need to use PEP screening services instead of manually searching different sources for several reasons including:

  • Manually searching different sources can be time-consuming and prone to errors, especially if the sources are not up-to-date or reliable.
  • With PEP screening services, companies can screen large volumes of data quickly and easily, freeing up valuable time and resources.
  • PEP screening services are designed to help companies comply with AML and CTF regulations by ensuring that all stakeholders are screened for PEPs.
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shoprite
standard bank
thyme bank
searchworks
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Which companies and industry sectors need to screen for PEP?

Most countries have regulations in place that require certain types of companies to screen their stakeholders for PEPs. The types of companies that are typically required to screen for PEPs include:

  • Virtual asset service providers
  • Government contractors
  • Mutual banks and co-operative banks
  • Large corporations operating in high-risk jurisdictions
  • Non-profit organizations receiving donations or funding from foreign governments or international organizations
  • Banks
  • Insurance companies
  • Securities firms
  • Money services businesses
  • Trust and company service providers
The Solution

How RiskSecure’s PEP/PIP Screening services can supercharge your compliance workflows

Explore our diverse suite of products designed to enhance your business operations and security. Discover the latest in technology and efficiency with our state-of-the-art solutions.

Increase accuracy

Precisely identifies potential matches with politically exposed persons, minimizing the risk of false positives and ensuring accurate compliance.

Up to Date

We continually collect and enrich multiple sources of PEP data through a combination of manual and automated methods, helping you prevent transactions with high-risk individuals.

Easy integration

NGA’s modular PEP screening APIs, cloud-based or on-prem platforms can completely align with your workflows. We also have a user-friendly, streamlined web tool available.

Reduce costs

Reduce the need for manual screening processes, which can be time-consuming and costly. It can also reduce the need for additional staff and resources to manage compliance.

Audit trails

The solutions provides an audit trail of all screening activities, which can help firms demonstrate their compliance with regulatory requirements.

AI-Powered Name Matching

RiskSecure applies machine learning to achieve a semblance of human-like logic and semantics for alternative name detection to further reduce false positives and improve your team’s daily screening performance.

SaaS with user friendly interface

Access PEP screening anywhere with our cloud-based platform, designed for simplicity and ease of use. No steep learning curve—just powerful tools at your fingertips.

API integration that's easy and inexpensive

Integrate PEP screening seamlessly into your existing systems with our cost-effective RESTful API. It’s quick to set up and ensures efficient, real-time monitoring without breaking the budget.

Ongoing PEP monitoring

Stay up-to-date with automatic, ongoing PEP monitoring that alerts you to new risks as they emerge, helping you maintain compliance and mitigate threats efficiently.

Bulk Screening Service

Don’t want complex software or API setups? Let us handle your bulk PEP/PIP screening and deliver results in Excel or CSV—for a single, straightforward fee.

INTEGRATION

How you can access this PEP data

Leverage powerful tools and seamless integration to stay ahead of regulatory requirements with ease. Our platform is designed to enhance your compliance efforts while simplifying the process.

BEYOND DATA

Integrated ongoing PEP monitoring 24 hours a day, 7 days a week

Our professional service teams will integrate and configure RiskSecure to work seamlessly with your existing IT landscape and automatically alert you about any possible PEP relationships with ongoing smart surveillance. This ensures you’ll be notified as soon as related institutions or natural persons appear on some of the many global PEP lists we monitor.

Ready to manage your PEP risk from one central solution?

Political and Prominent Connections in the Media

A key requirement imposed by global regulators is the identification of DPIPs (Domestic Prominent Influential Persons) and FPPO’s (Foreign Prominent Public Officials).

Traditional providers generally lag behind in an ever-changing media landscape, presenting a huge business risk to your company. For this reason we designed a dedicated Watchlist category that automatically scans thousands of sources on the web for Political or Prominent connections within 12 hours of a news break and makes them searchable.

 

FEATURES

Ready to manage your PEP risk from one central solution?

Maximize your workflow with these essential features.

  • Adjustable parameters
  • Reliable and automated daily uploads (new and updated records)
  • Report downloads
  • Screening AND investigation Audit trails
  • Ongoing screening and monitoring
  • Watchlist performance reporting
  • Multi-level drill down after a hit is detected
  • Customizable workflow and case management tool
  • Easy to use web interface (GUI)

Ready to manage your PEP risk from one central solution?

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