Many times, a client does not appear on an official restrictive list because they have not yet been sentenced. However, the media is already reporting investigations for corruption or fraud. This is what we know as "crime news": information about an alleged criminal act that becomes public.
Why is it vital for your company?
Reputational risk is contagious. If your main supplier is involved in a money laundering scandal, your brand will suffer the consequences in the eyes of the public and correspondent banks, even if you did not commit any crime. Currently, the speed of information on social media makes news monitoring as important as legal monitoring.
Effective Monitoring Criteria
Gradable accuracy: not every mention is negative. The system must be able to distinguish between informative news and a direct accusation.
Geographic scope: monitoring must include national, regional, and international press.
AgileCheck News: 24/7 Monitoring
Our module for AgileCheck News automates the search for negative news. We parameterize the criteria according to your risk appetite, delivering daily reports with exact matches. This allows you to apply the "Evaluate" pillar of our DEPD methodology long before the risk becomes a public crisis.