No, the search is done in real-time as the report generates and the matching rules are applied globally. Any alert against an individual is a potential hit and not a definitive hit. The match threshold is set at 90%, but the match rate is determined by a number of different components. For example, if James Smith based in the UK has a date of birth within 12 months of another James Smith on a watchlist, it may come up as a high percentage match rate as a few common components match. This is a match against the search criteria and not a definitive hit. It requires further investigation to validate the information. This occurs when certain jurisdictions do not record DOB in a consistent or accurate format. Similarly, if there is a James Smith on a watchlist who does not have a DOB registered with the regulator or law enforcement agency, this could show up as a higher potential match as the absence of information means that it cannot be discounted. Companies using these features are trying to manage potential legal/reputational risks and do not attribute potential hits to 'true matches’.
A compliance alert with a high match rate is showing for an individual that I know for certain is not a relevant match, can the compliance alert be removed in this case? And why is there a high match in this case?
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