Screening is a broad term encompassing the process of searching for a particular element of risk within a counterparty. In today’s digital world, screening often involves the use of an automated software tool which minimizes manual work. From the results of a search, existing and potential issues can be identified and flagged, and if needed, analysts can further investigate for validation.

Types of risks that are screened include:
Adverse Media
Politically Exposed Persons
Sanctions

But if the screening is to be super thorough, then companies should also screen for:
Watchlists / Warning lists
Fitness and Probity lists

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