How periodic screening works
RiskResolve re-screens your clients for PEPs, sanctions and adverse media, with a workflow for each risk level. Every morning at eight RiskResolve checks who is due. A re-screening uses tokens, just like a first screening.
When a new hit comes in, the people responsible get a notification and you review the hit in the case file. The risk level goes up with it. For adverse media, an article you marked as a false positive stays that way in the next round. The run history shows which workflow started a re-screening and when.
If a reassessment needs new information from the client, you send another action or procedure to the client portal. A ready-made template is there for the periodic reassessment.
Periodic screening and the Wwft
Article 3(2)(d) Wwft requires ongoing monitoring of the business relationship and the transactions during it. The law leaves it to you how often you look at a client again. That follows from the risk and your own policy.
RiskResolve gives that policy a default rhythm per risk level. If your policy calls for another rhythm, you adjust the workflows.
Frequently asked questions
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