AML for Businesses (Detailed AML Screening)
Third-party and counterparty risk can escalate quickly—especially in cross-border relationships. SafeData AML for Businesses enables fast, reliable AML screening for legal entities using a company’s full name, with optional country and date of incorporation to improve match accuracy. This supports risk-based due diligence and helps you identify exposure to sanctions and reputational risk before entering or continuing a relationship.
Checks performed in AML for Businesses
SafeData AML for Businesses performs a comprehensive set of checks, including:
- Sanctions and watchlist screening
- Warnings (risk alerts from trusted sources)
- SIE (Special Interest Entity) indicators
- Insolvency (where relevant/available)
These checks help you strengthen KYB-aligned due diligence and maintain consistent screening decisions for merchants, suppliers, partners, and corporate clients.
Reports you can generate and store
Each company screening can generate a Detailed AML Screening Report you can download and retain for your compliance files. The report format is built for practical due diligence and typically includes:
- overall outcome (e.g., elevated risk / passed / failed),
- date, request context and service used,
- the checks performed list (sanctions, warnings, adverse media, SIE, insolvency),
- found alerts and the match status (e.g., Potential Match),
- key company identifiers you entered (company name, country, incorporation date),
- matched entity details (where available) and a summary section for review.
Better matching with optional identifiers
Company names vary across jurisdictions and formats. Add:
- Country (if known)
- Date of incorporation (if known)
to reduce ambiguity and improve screening precision.
Fuzzy vs Exact screening
- Fuzzy search – recommended for abbreviations, punctuation, translations, and naming variations
- Exact search – best for strict matching with the precise legal name
Typical use cases
- onboarding business customers and counterparties
- screening suppliers, merchants, partners, and vendors
- pre-contract checks and compliance escalations
- periodic reviews and remediation projects
Why SafeData
- fast AML screening for companies with minimal input
- coverage beyond sanctions (adverse media, warnings, SIE, insolvency, etc.)
- configurable matching and clear outputs
- request history for traceability and audit readiness
