PEP Scoring
Patent Pending
Sophisticated scoring of politically exposed persons (PEPs)
Prioritize your riskiest clients while reducing false positives
PEP Scoring
Sophisticated scoring of politically exposed persons (PEPs)
Prioritize your riskiest clients while reducing false positives
How Does Our PEP Scoring Work?
How Does Our PEP Scoring Work?
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
Our PEP scoring can be used to improve any screening solution your organization currently utilizes, however is especially effective when paired with Alessa’s various screening products that offer additional benefits.
How Are PEP Risk Scores Calculated?
Our proprietary scoring model analyzes:
- Geography
- Type of PEP
- Riskiness of connections
- Type of alert categories they fall in
- Key data points
Your Annual Savings
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
How Are PEP Risk Scores Calculated?
Our proprietary scoring model analyzes:
- Geography
- Type of PEP
- Riskiness of connections
- Type of alert categories they fall in
- Key data points
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
Watch A Brief Demo
Reduce the Noise
Let’s talk numbers.
- The average compliance team manages between 6,300-7,900 PEP alerts each year
- That’s 17-22 PEP alerts a day that take approximately 8 minutes each to review
- That’s 2 hours each day spent on reviewing PEP alerts alone.
- 60% of these alerts are created by low-risk PEPs.
- Our proprietary PEP scoring model reduces daily PEP alerts by as much as 50%.
Reduce the Noise
Let’s talk numbers.
- The average compliance team manages between 6,300-7,900 PEP alerts each year
- That’s 17-22 PEP alerts a day that take approximately 8 minutes each to review
- That’s 2 hours each day spent on reviewing PEP alerts alone.
- 60% of these alerts are created by low-risk PEPs.
- Our proprietary PEP scoring model reduces daily PEP alerts by as much as 50%.
Reduce the Risk
Global PEPs present very little risk in comparison with other screening lists, such as sanctions and watchlists.
As a result, it is almost common practice for compliance professionals to not screen against certain PEP categories in order to be able to complete screening in time to follow through with other compliance tasks.
This opens up your organization to risk. Each PEP category has risk associated with it, as shown in the chart on the right.
Stop arbitrarily turning certain PEP lists on and off, and instead use daily PEP scoring to reduce the low risk and false positive matches that your compliance professionals must review.
Streamline your screening while also reducing your risk.
High Risk PEPs per Category
| PEP Category | % of High Risk PEPs | PEP Non Governmental | 13% |
|---|---|
| PEP National | 13% |
| PEP Sub National Government | 15% |
| PEP Local | 24% |
| PEP International Organization | 9% |
| PEP Regional Organization | 9% |
| PEP State Owned Organization | 9% |
| PEP State Invested Organization | 8% |
| Instrumentality of State | 6% |
Reduce the Risk
Global PEPs present very little risk in comparison with other screening lists, such as sanctions and watchlists.
As a result, it is almost common practice for compliance professionals to not screen against certain PEP categories in order to be able to complete screening in time to follow through with other compliance tasks.
This opens up your organization to risk. Each PEP category has risk associated with it, as shown in the chart on the right.
Stop arbitrarily turning certain PEP lists on and off, and instead use daily PEP scoring to reduce the low risk and false positive matches that your compliance professionals must review.
Streamline your screening while also reducing your risk.
High Risk PEPs per Category
| PEP Category | % of High Risk PEPs | PEP Non Governmental | 13% |
|---|---|
| PEP National | 13% |
| PEP Sub National Government | 15% |
| PEP Local | 24% |
| PEP International Organization | 9% |
| PEP Regional Organization | 9% |
| PEP State Owned Organization | 9% |
| PEP State Invested Organization | 8% |
| Instrumentality of State | 6% |
Let’s Modernize Your Screening Process
Contact Us Now For A Free Demo
Alessa