This guide will be a great walkthrough if you want to check AML compliance data
Main use cases:
- Being compliant with local regulators
- Identify UBOs, PEP, and blacklisted subjects
Charges
Getting information using GET requests does not triggers any additional charge. We only charge for POST requests
⚙️ How this works
Each new EntityValidation (and its associated Validations), results in an entity. This entity can be a company or a person.
→ In the event that it is a person, Plutto will search for this person in the please lists, generating a single search for each validation.
→ In the event that it is a company, the system will also search for partners and administrators related to that company. Therefore, for each company type validation, at least one search will be carried out, and at most the number of people found for the entity in question.
For getting all the related watchlist for a company or a person, you have to use the Watchlist endpoint. This will get all the related watchlists (for the company, and its related people).
For each query, one of the following sources will be used:
Compliance Tracker by Handel
Queries made to this source are made using the RUT of the entity. Therefore, any entity that does not have the RUT present will not be searched in the lists. The result, being a match by RUT, will not have name scopes with other people.
Comply Advantage
Queries made to this source are made using the name of the entity, nationality (if any), type of entity (company or person), and date of birth if any.
False positives
As ComplyAdvantage searches are done by name, there may be cases where the result is a false positive. It is important that a Compliance Officer check whether the result corresponds to the related entity or not.
Watchlist object
Searches are organized in watchlist and hits. One watchlist can have many hits. Each hit represents a probable person that matches the search.
If the watchlist object has total_matches with a value greater than 0, be sure to check all the hit.list_matches array to check for more information.
The most relevant field you should look at, is the type attribute of each list_matches. This will tell you if the related search was found in a PEP, Sanctioned, or any other category.