SmartSearch, the UK-based digital compliance and anti-money laundering (AML) platform, has strengthened its watchlist screening capabilities through the integration of London Stock Exchange Group’s (LSEG) World-Check One solution.
The move enhances SmartSearch’s data coverage by adding World-Check One to its existing partnership with Dow Jones Watchlist, giving clients broader and more comprehensive risk screening during customer onboarding and monitoring processes.
SmartSearch’s platform already offers triple-bureau reliability by drawing on global data from Equifax, Experian and TransUnion, combined with AI-driven biometric verification tools.
The system screens individuals and businesses for presence on global sanctions lists, while also identifying higher-risk parties such as Politically Exposed Persons (PEPs), Special Interest Persons (SIPs) and their close associates.
ADVERSE MEDIA MONITORING
The integration of LSEG’s solution introduces a suite of new capabilities, including real-time adverse media monitoring, advanced fuzzy name-matching and access to intelligence from more than 100,000 reputable sources across 66 SIP categories.
These enhancements are designed to meet growing regulatory demands and counter increasingly sophisticated financial crime tactics.
By deepening its screening functionality, SmartSearch aims to simplify compliance for regulated firms and improve defences against financial crime, sanctions breaches and reputational risk, as global AML rules tighten and enforcement becomes more stringent.
UNLIMITED FINES
Fraser Mitchell (main picture), Chief Product Officer at SmartSearch, says: “Businesses in regulated sectors face potentially unlimited fines and even jail time for non-compliance with AML regulation, as well as unwittingly becoming a cog in the financial crime machine if a criminal slips through the net – implicating the business in facilitating drug smuggling, human trafficking and even terrorism.
“We are dedicated to helping our clients avoid this fate, which is why we’ve added LSEG’s World-Check One Solution to our watchlist screening offering.
“With market-leading data coverage, our clients can quickly and confidently verify prospective customers’ identities when onboarding and monitor their status throughout the relationship, enabling them to grow their business and win customers through trusted identities.”
FRICTIONLESS JOURNEY
Teodora Christova, Global Director of Partnerships at LSEG, adds: “Both LSEG and SmartSearch share a vision to ensure convenient compliance and frictionless customer journeys.
“Our World-Check One Solution combines global intelligence and human expertise with the latest technology. The integration with SmartSearch will help its customers uncover hidden risks and protect the people behind the statistics.”
