Question: Is there a system that can perform PEP, sanctions, and adverse media checks for due diligence in the onboarding process?

If you need a broader system to run PEP, sanctions and adverse media checks for due diligence in onboarding, ComplyAdvantage is a good option. The AI-based service automates fraud and Anti-Money Laundering (AML) risk assessments, reducing false positives and optimizing compliance work. It can monitor transactions in real time and has a calibrated risk approach that follows the FATF's recommendations, so it's a good choice for customers who want to improve security and compliance efficiency.

Another mature option is Alloy, an identity data orchestration service used by banks and fintechs for identity verification, AML monitoring and fraud prevention across the customer lifecycle. It automates onboarding, continuous monitoring and compliance management, so customers can quickly and securely offer financial products. Alloy has access to more than 200 data sources in 195 markets, and customers can customize risk management with a variety of strategies. It's also SOC2, Type 2-certified for strong security.

If you're looking for something more focused on identity verification and KYC, Cognito offers an end-to-end service that verifies IDs in more than 200 countries and supports more than 13,000 ID documents. It includes selfie verification with liveness checks, anti-fraud measures and watchlist screening. It's geared for businesses in high-growth areas that need to balance regulatory requirements with a better verification process.

Last, Ondato offers a KYC and AML service that can help businesses with compliance and fight fraud. It offers authentication, transaction monitoring, age verification and identity verification tools, as well as a customer data platform for onboarding and continuous monitoring. Ondato's customizable services can be integrated with existing infrastructure, and it's designed to improve security and streamline operations.