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Asked by

Community Member

on

in

Fund Compliance

how do i clear AML checks for a US citizen with a FinCEN ID but a very common name that matches 56 people who are on various watchlists ?

It seems impractical to go through each of the 56... many of these watchlists lack identifying info such as birthyear or photo... ?
1 See in Base
1

Answered by

Mike Suprovici

on

Your administrator typically has several tools at their disposal for situations like they above. In our case, we would ask for additional details like DOB and we would run them through a product like Parallel Markets (https://parallelmarkets.com/) or similar. 

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