Detailed AML Screening

AML for Businesses

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Third-party and counterparty risk can escalate quickly—especially in cross-border relationships. Verifid 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

Verifid 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 Verifid

  • 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

Get started

If you want a simpler way to onboard individuals and companies, collect documents, and run KYC/AML/adverse media checks from one place, Verifid Client Onboarding gives you the foundation to do it efficiently and consistently.

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