Automated checks for politically exposed persons (PEP)

Automated Checks for Politically Exposed Persons (PEP)

1.1. Purpose
- Automate identification and verification of clients as PEPs during onboarding and throughout the client lifecycle.
- Automates cross-referencing client data against global/regional PEP, sanctions, and watchlists to ensure regulatory compliance.
- Enables continuous automated monitoring, risk scoring, and escalation of high-risk matches as mandated in financial advisory and KYC contexts.
- Automating compliance reduces manual labor and errors, accelerates onboarding, and protects against money laundering and reputational risk.

1.2. Trigger Conditions
- New client onboarding, when client KYC details are received or updated.
- Scheduled periodic automated rechecks (daily/weekly/monthly).
- Trigger based on changes in regulation, internal compliance policy, or risk category update of the client.
- Automated trigger from CRM data events and document uploads.

1.3. Platform Variants
1.3.1. Salesforce
• Feature/Setting: Flow automation using "Process Builder" to invoke third-party PEP check API upon new account creation.
1.3.2. HubSpot
• Feature/Setting: Automate with "Workflows" to call external webhook for PEP screening when a contact is created/updated.
1.3.3. Microsoft Power Automate
• Feature/Setting: Automator to connect "When a record is created in Dataverse" with HTTP action to PEP API.
1.3.4. Zoho CRM
• Feature/Setting: Automate with "Blueprint" and "Custom Functions" to send client info to PEP lists and process response.
1.3.5. SAP Business Technology Platform
• Feature/Setting: Automated integration using "SAP Cloud Integration" for scheduled and event-driven checks.
1.3.6. Google Cloud Functions
• Feature/Setting: Automated trigger on new storage event to run PEP screening script via external APIs.
1.3.7. AWS Lambda
• Feature/Setting: Automatedly execute checks upon user data ingested into S3 bucket, invoking PEP API.
1.3.8. IBM Cloud Functions
• Feature/Setting: Automator to run PEP match process on client KYC document upload.
1.3.9. Plaid
• Feature/Setting: Use "Identity" product and webhook to trigger automated AML/PEP API checks on account link.
1.3.10. Onfido
• Feature/Setting: Process automation using Onfido "Watchlist Check" API during identity verification.
1.3.11. ComplyAdvantage
• Feature/Setting: Automate screening workflow with "Search/Monitoring API" in real-time or batch mode.
1.3.12. Refinitiv World-Check
• Feature/Setting: Automate with REST API integration for PEP/sanctions check in onboarding pipeline.
1.3.13. LexisNexis Risk Solutions
• Feature/Setting: Automating PEP check using "Bridger Insight XG" API for continuous screening.
1.3.14. Trulioo
• Feature/Setting: Automate PEP screening via "GlobalGateway Screening API" from registration workflow.
1.3.15. Alloy
• Feature/Setting: Automatedly trigger Alloy API to screen for PEPs and escalate results to compliance.
1.3.16. Jumio
• Feature/Setting: Automates "Screening" module during live onboarding using API-based triggers.
1.3.17. Fenergo
• Feature/Setting: Automater using "PEP & Sanctions Screening' workflow integrated with core data.
1.3.18. GBG IDology
• Feature/Setting: Automated checks using "IDValidate" API workflow for instant match response.
1.3.19. Acuant
• Feature/Setting: Automate KYC workflow with "AssureID PEP & Sanctions Check" API call.
1.3.20. Slack
• Feature/Setting: Notification automation via workflow or bot, alerting compliance channel on PEP flag.
1.3.21. Google Sheets
• Feature/Setting: Automator script to automatically submit row data to external PEP check services and update result.
1.3.22. Airtable
• Feature/Setting: Automation using "Scripts" and "Webhooks" to trigger PEP API on record creation.

1.4. Benefits
- Automates regulatory compliance and reduces risk of missing PEPs.
- Accelerates customer onboarding by automatedly performing real-time checks.
- Frees staff by eliminating repetitive manual PEP searches using automation.
- Flagged PEPs are escalated quicker by automator-driven workflows.
- Highly auditable automated process enables easy compliance proof and reporting.
- Automation increases resiliency and consistency in high-volume investment service environments.