FREQUENTLY ASKED QUESTIONS
Yes, we offer a global solution. We meet the AML requirements of companies in every region in the world with our global database. Please refer to our coverage page on our website.
Companies of all sizes can use our products. Small and medium-sized businesses can use our other company NameScan and use the PAYG packages based on their need.
Yes, our team provides live demo support when you request one.
MemberCheck enables you to screen your customers and applicants quickly and easily against global PEP/Sanction and adverse media data sources in the way you want. This is done using the web interface for ad-hoc single scans and batch scans or by integrating MemberCheck with your applications via an API. Adjust the numerous intelligent scan filters to target and refine your searches, and easily assess and allocate risk and due diligence decisions using the integrated due diligence workflow to streamline meeting your compliance obligations.
Yes, MemberCheck is GDPR compliant. We allow clients full ownership of their data that is stored on cloud servers. Clients can delete data at their digression. Once data is deleted, there is no way of recovering it. We strongly recommend that clients download all data prior to cleansing the system.
Yes, MemberCheck is GDPR compliant. We allow clients full ownership of their data that is stored on cloud servers. Clients can delete data at their digression. Once data is deleted, there is no way of recovering it. We strongly recommend that clients download all data prior to cleansing the system.
You can create whitelists from due diligence decisions of ‘false match’ in the scan process, to apply to future scans to eliminate false positives and reduce your workload.
The software and all its content and documents are currently available in English and French. Spanish, and Japanese versions of our application are soon to follow.
MemberCheck helps with the Anti-Money Laundering compliance processes of banks, money transfer companies, insurance companies, crypto exchanges, investment companies, Fintech, high-risk companies, gaming, gambling companies and lending industry.
If you need support, you can always send an email to our designated support team at support@membercheck.com In addition, MemberCheck has comprehensive online help guides which expand on the features and capabilities of our screening application. You can access these help guides at the following link: https://help.membercheck.com
Once the MemberCheck Client Subscription Agreement has been signed, our team can have your organisation setup with a production account within 24 to 48 business hours.
This depends on your organisation's technical resources; however, the average implementation takes between 3 – 4 weeks.
When information on the change of status of a pollical individual ispublic domain, we will review it (this is important to ensure onlyaccurate data is added to the database) and once the data is accurate, then wewill add to that individual’s record. All records ofindividuals/entities/companies have a date shown to the user when the record islast updated. So, this will be a few days at worst case and the nextday at best, after the information is made public and fully reviewed.
Yes, you receive notifications of changes to profiles of matches, or added information affecting your customers, through automatic daily screening against global PEP & Sanction, as well as adverse media data sources.
You can create and download reports in PDF, Word, and Excel as part of your KYC (Know Your Customer) obligations, and to meet audit requirements.
SWIFT does not have their own specific sanction lists; however, they add their list of Banks and Financial Institutions that they have sanctioned on SWIFTRef platforms such as OFAC (Office of Foreign Assets Control), European Union and United Nations Sanctions lists. These SWIFTRef platforms are covered by MemberCheck and contain the list of Banks and Financial Institutions that have been sanctioned.
Yes, we have a powerful API. You can automate your AML/ CTF compliance program and reduce time wasted. By integrating with our API, you can perform real-time scans to help you detect and minimise your risks.
We have spent years building data sets that use artificial intelligence and deep learning. Our data is updated daily from structured and unstructured lists, resulting in the acquisition of thousands of new profiles for you to screen against. We have a Specialised software that monitors Sanction websites and we update our dataset regularly. Our database contains more than 1,000 Sanction lists, PEP lists, Wanted and Watched lists from 195+ countries.
Yes, our team provides live demo support when you request one and provides you with a two-week trial to test our environment.
In our database, we have hundreds of thousands of entries. We also maintain records of people now dead, for example, Osama Bin Laden who died in2011. This is actually important as these people may have legal or illicit assets which people are trying to access. The database goes back 20+years.
It will be reviewed for accuracy and then actioned, so typicallyovernight (within 24 hours)
If there is new data for an individual, then this is added overnight. Older reports of adverse media tend not to be removed, but new reports appear (for example a court case and the individual is subsequently acquitted), but the fast they have been prosecuted remain public domain information. For PEP, Sanctions and Adverse media, a question about how quickly the database is updated, these are key change, and the client/user should be informed. As such we monitor the record, and as changes are made as part of the overnight process any record which has been screened (and has been updated for any reason) and 12-month monitoring is on, then the client/user is made aware of this for any subsequent action by the client/user based on that updated information.
We offer unlimited multiuser access to our platform. Simple and advanced permissions access to features with pre-defined user roles to provide selected access to scanning, reporting and administration features. Further fine-grained permissions options to customise features access for individual users.
Our customer can comply with auditing through the integrated due diligence to assign risks and decisions to matched profiles for your customers and applicants. You can access this feature through our dashboard.
MemberCheck provides AML Risk & Compliance Solution to the global market. MemberCheck offers four main products: PEP and Sanction Checks, Adverse Media Checks, Customer Identity Verification and AML Consulting Service. Customers use our products to comply with global AML/CTF legislation, and reduce the risk of your business being involved in money laundering or the financing of terrorism
MemberCheck Compliance Solutions are supported in all countries. Please check our coverage page for more details.
The MAS List of Designated Individuals and Entities and the MAS TSOFA List are both covered in MemberCheck; however, they are covered under UN Sanctions and NOT MAS Sanctions because the United Nations Security Council (UNSC) has imposed these restrictions.
Our intelligent filters use fuzzy matching and phonetic algorithms to filter out noise that exists in the database and only present results that are relevant to the search. Match rates can be fine-tuned using the API or user interface to further reduce noise where possible. In addition, we use Machine Learning techniques to reduce false positives as the system is used by the client it learns and improves this.
Our database covers over 3000 lists from 195 countries/territories and International Organisations including for example the UN and Interpol. These include law enforcement, terror, and insolvency not just sanctions. We cover individuals, companies, vessels, aircraft, and organisations not just individuals.
There is no limit to the reputable and Government news sites accessed, we use a keyword search to look for information. We also use logic to reduce the number of repeat hits, for example, a story from a Politician may appear on 100 or more websites, it is the same information, so we only need to show one site for that story.
