Procedure for Ongoing Monitoring¶

MemberCheck offers continuous screening and automated alerts for any changes in your customers' risk profiles, providing enhanced protection against financial crimes and reputational risk exposure.

An overview of the ongoing monitoring process from registration, usage, monitoring and renewal.

Sign Up¶

Register for a 12-month subscription to access the MemberCheck monitoring services

Upon signing up for the service, you will gain access to a pre-defined number of scans which you can use to screen names against our AML watchlists.

Use of Scans¶

Utilise your allocated scans to screen individuals and entities.

Add names to your monitoring lists, during screening or post-screening, which will be monitored on a daily basis to ensure compliance with AML regulations

Pre-Renewal Notification¶

Be aware of upcoming subscription renewal.

You will receive notifications alerting you that your subscription renewal is approaching, usually 3 months and another at 1 month before the renewal date.

Review Monitoring List¶

Check your current monitoring list for accuracy.

Prior to renewal, review the monitoring list to ensure there are no duplicates and that it only includes active customers. Remove any individuals or entities that are no longer relevant to your operations.

Renewal and Rescreening¶

Automated renewal and rescreening of names on monitoring list.

On the renewal date, all names that are active on the monitoring list will be automatically rescreened. This scan counts towards your scan usage for the new subscription term.

Continuous Monitoring¶

Continue the monitoring process.

The monitoring and rescreening process will repeat each subscription term, ensuring ongoing compliance and vigilance.