Summary
Configuring AML Screening Settings ensures that KYC Protect performs accurate, consistent, and compliant checks. By tailoring datasets, thresholds, and alerts, you can optimize screening performance and support effective risk management across your organization.
Configuring AML Screening Settings ensures that KYC Protect performs accurate, consistent, and compliant checks. By tailoring datasets, thresholds, and alerts, you can optimize screening performance and support effective risk management across your organization.
Overview
AML Screening Settings allow you to control how KYC Protect performs compliance checks against sanctions lists, PEPs (Politically Exposed Persons), and other risk datasets. Configuring these settings ensures your screening aligns with your organization’s risk appetite and regulatory requirements.
AML Screening Settings allow you to control how KYC Protect performs compliance checks against sanctions lists, PEPs (Politically Exposed Persons), and other risk datasets. Configuring these settings ensures your screening aligns with your organization’s risk appetite and regulatory requirements.
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Accessing AML Settings
- Log into the Creditsafe.com platform.
- Navigate to KYC Protect.
- Select Settings from the menu.
Key Configuration Areas
1. Sanctions Lists and Datasets
Choose which datasets are included in your AML screening. These may include:
Choose which datasets are included in your AML screening. These may include:
- Global sanctions lists (e.g., UN, EU, OFAC)
- Politically Exposed Persons (PEP) databases
- Adverse media sources
- Financial crime and watchlists
Enabling or disabling datasets determines what your profiles are screened against.
2. Screening Thresholds
Set the confidence level required for a match to generate an alert.
Set the confidence level required for a match to generate an alert.
- Lower thresholds = more matches (including potential false positives)
- Higher thresholds = fewer, more precise matches
Adjust thresholds based on your compliance requirements and tolerance for risk.
3. Default Screening Configuration
Define default settings that apply when users run AML screening:
Define default settings that apply when users run AML screening:
- Pre-selected datasets
- Default threshold levels
- Standard search behavior
This ensures consistency across all users and screening activities.
4. Monitoring Settings
You can apply your AML screening settings to ongoing monitoring:
You can apply your AML screening settings to ongoing monitoring:
- Enable automatic screening for profiles on AML Monitoring
- Copy screening thresholds to monitoring settings
- Ensure consistent checks over time
5. Email Alert Configuration
Set up notifications for screening and monitoring results:
Set up notifications for screening and monitoring results:
- Define who receives alerts (individual users or groups)
- Enable alerts for new matches or monitoring updates
- Customize alert preferences for timely response
Saving Your Settings
After making changes:
After making changes:
- Review all selected datasets and thresholds
- Confirm alert recipients and monitoring preferences
- Click Save to apply updates
Changes will apply to future screening and monitoring activities.
Best Practices
- Use a balanced threshold to reduce false positives while capturing real risk
- Regularly review enabled datasets to ensure regulatory coverage
- Align settings with your internal compliance policies
- Test changes on a small set of profiles before rolling out broadly