About screening in Maxsight

Screening helps you identify potential risks associated with individuals and companies. When you run a screening check in Maxsight, the check searches for sanctions, politically exposed persons (PEPs), adverse media, watchlists, and internal watchlists associated with individual or company profiles depending on your data provider.

Depending on your data provider, the check displays potential matches in either the Potential matches or Unresolved matches list:

Potential matches: The potential matches returned by the data provider. You can choose to ignore any match on this list.
Unresolved matches: The potential matches returned by your data provider that you have not yet resolved. Unresolved matches are ordered by their alert score.

Screening check results

After running a screening check, you may see one or more screening events associated with a match. Screening event categories depend on your configured data provider and can include:

PEP: The potential match is a PEP.
Sanctions: The potential match appears on a sanctions list.
Adverse media: The potential match has one or more instances of adverse media associated with it.
Watchlist: The potential match appears on a watchlist. A watchlist is a list maintained by government agencies, regulatory bodies, or other official organizations for screening entities.
Internal watchlist: The potential match appears on an internal watchlist. An internal watchlist is a list maintained by your organization for screening entities.
Refer: The screening event does not fall into the PEP, Sanctions, Adverse media, watchlist or internal watchlist category. For example, the potential match has a criminal record. If your data provider groups adverse media events and refer events together, the screening event status is also Refer. For more information, check the configuration topic for your data provider.

A maximum of 500 potential matches can be processed across all potential matches. If there are more than 500 potential matches, they are not displayed in Maxsight. You can refine your search or view additional matches through your data provider's portal.

Some data providers offer additional services to filter out false positives. If you’re using one of these services, false positives identified by your data provider aren’t displayed in Maxsight. Contact your data provider for more information about how they determine false positives and where you can see them.

Ongoing monitoring

If your company is using ongoing monitoring, Maxsight checks with your data provider to see if new potential matches or updated screening events on confirmed matches have been discovered.

If a screening event update is discovered, existing screening tasks across product applications, regardless of data provider or task, are marked as incomplete.
For example:
1. A profile has approved screening tasks from ComplyAdvantage for Product application 1 and Product application 2.
2. New screening events are created as part of an ongoing monitoring update for Product application 1 or Product application 2 or as part of a new application. Regardless of the data provider or task, the new screening events trigger the tasks in Product applications 1 and 2 to revert to incomplete.
If a new potential match has been discovered, it is displayed in the Potential matches list, where you can confirm or ignore it.
Note
For each potential match, screening events of the same event type are linked together, and only the most recent event is displayed. Information about previous events of the same type is available in the audit report and stored in our database.

Update frequency

Different data providers import screening events or potential matches into Maxsight on different schedules:

ComplyAdvantage: Updates are imported into Maxsight as soon as ComplyAdvantage sends them.
Dow Jones Risk and Compliance: Updates are imported into Maxsight once a week. Note that if it's not possible to get the latest information from Dow Jones Risk and Compliance, Maxsight retries the following week.
Moody's Grid: Updates are imported into Maxsight once a day.
Moody's Screening: Updates are imported into Maxsight once a day.
Refinitiv World-Check One: Updates are imported into Maxsight once per day. Note that if it's not possible to get the latest information from Refinitiv World-Check One, Maxsight retries the following day.

If you reject or cancel a product application, the PEPs, sanctions, and adverse media tasks expire automatically, and any ongoing monitoring is stopped.

If you revert the decision, ongoing monitoring restarts automatically if the check is configured as an automatic check for the task.

If they're not automatic checks, you can restart ongoing monitoring by running the checks manually.

PEPs, sanctions, and adverse media tasks only autocomplete when the check does not turn up any new potential matches, and there are no outstanding potential matches. If any matches are discovered during the check or in ongoing monitoring, the check must be passed manually after the matches are resolved.

Moody's data providers

Although Maxsight supports multiple data providers, Moody's Screening and Moody's Grid allow you to use Moody's data to run screening checks.

While both data providers provide screening for PEPs, sanctions, and adverse media, they differ in how and when screenings are conducted.

Moody's Grid provides real-time screening when used within Maxsight, with results appearing in the Potential matches list.
Moody's Screening runs real-time searches on individuals and companies, displaying potential results in the Unresolved matches list and ordered by their alert score.