Glossary

The alert score represents the confidence level of an unresolved sanctions match from 0.00 to 1.00. A score closer to 1 signals that it's more likely to be a confirmed match.

Aliases are used instead of the assessment ID, task ID, and check ID when you make calls to the API. Every assessment, task, and check can have an alias but the alias must be unique to your institution. For example, if you use the alias "forexo_basic" for one of your assessments, then you can't use that same alias for a task, check, or another assessment.

The process of onboarding entities through a specified workflow. An entity may be going through multiple assessments at the same time.

The assessment flag indicates what's currently happening to the assessment or what needs to be done for the assessment to progress to the next status.

The assessment status indicates what phase the assessment has reached in the onboarding and monitoring process.

The audit report lists the actions that took place on an entity.

One or more individuals who own or control a corporate entity.

The automated processes that can be used to complete or assist in passing tasks.

A significant shareholder identified in the path between the onboarded company and its ultimate owner.

The percentage of assessments created that have been approved.

The service used to provide data for checks, for example, GBG ID3global, Companies House, or Onfido.

The number of entities between the associate and the onboarded company.

The companies or individuals going through your onboarding processes.

There are two entity types: individual entities, which are used for people, and company entities, which are used for companies.

A form consists of one or more questions and can be used to gather information about an entity or to collect a document to run a check. Forms can be internal or external as part of an external request or registration flow.

The entity with ultimate ownership of the onboarded company.

An internal watchlist is a screening list created by customers or Grid to identify entities of interest. Customer-created iLists might contain previously barred customers, while Grid-created iLists include entities such as EU-sanctioned individuals.

A legal entity identifier is a 20-character, alpha-numeric code that is used to identify legal entities participating in financial transactions, supported by the Global Legal Entity Identifier Foundation (GLEIF).

Filtering option based on the company's level of importance in a global corporate structure. The filter is used when adding a company entity through the search function that utilizes Orbis data. The filtering options are headquarters or global ultimate owner (GUO).

The process of running assessments on an entity.

A politically exposed person is someone who is at a higher risk of bribery or corruption because they may hold a public or high-profile position. This term may also apply to someone affiliated with a high-profile person. Regulated industries must identify PEPs when onboarding.

A label assigned to an assessed entity based on its total risk score. The risk level can be high, medium, or low.

An individual or entity that owns shares in the onboarded company.

The rules that determine the configuration of data providers, checks, tasks, and assessments for your organization, as well as the workflows that entities follow during each assessment.

The due diligence measures that must be taken to onboard an entity successfully. Tasks are displayed on the entity's assessments.

A unique identifier assigned to an entity used to identify the entity to administer the tax laws of a particular jurisdiction.

The people who have access to your Maxsight account. These are typically the people you work with.

A watchlist is an official or government-maintained list used for screening entities.

When configuring an automatic check for a task, you can specify that if your preferred data provider returns an error, returns a partial error, or the check fails, another data provider is tried. This is called waterfalling your check.