AML Screening Threshold

Delivered AML screening results are based on the search threshold setting. (Default: 93) The threshold value refers to the minimum value to determine any risk profile matched on the AML database.

Input Fields

To identify if the searched name matches a name within the AML Database, ARGOS utilizes three categories of a KYC applicant:

1. Name (Allow upper/lower case, diacritical mark, accent and name order variations)

2. Date of birth

3. Nationality

1. Name Match (String distance algorithm)

• Using string distance algorithms to measure the difference between surnames.

• Using our internal dictionary of similar first names/nicknames to find matching names. For example when searched Tony, the search result also includes Anthony. Our database for similar first names is constantly updated to grant more accurate matches.

• Name Search: Using language variation (Levenshtein Distance Algorithm-based, original scripts/similar pronunciation)

Key name factors in calculating AML Confidence

Searched data	Description
Reverse name reduction	Applies for names in different order such as “John Smith” and “Smith John.”
Middle name reduction	Applies for missing middle name, for example the search result for “Charles Blair” can also include information on “Tony Charles Blair.”
Date of Birth reduction	Applies when the risky profile in ARGOS AML database does not include the date of birth.

Examples

Searched Name	Database Name	Confidence
Brigitte Macron	Brigitte Macron	100%
Brigitte Macro	Brigitte Macron	91%
Brigitte Macronn	Brigitte Macron	92%
Brigitte Macrno	Brigitte Macron	91%
Brigitt Macrno	Brigitte Macron	91%
Prigitte Macrno	Brigitte Macron	0%

Examples

Set Confidence Level	Threshold 90%	Threshold 100%
Searched Name	Adam Nadler	Adam Nadler
Searched Date of Birth	1996-08-13	1996-08-13
Matched Profile #1	Adam Sadler	No match found
Matched Profile #2	Adam Adler	-

2. Date of Birth Match

• Verify whether the input data matches the date of birth(DOB) of the risk person in the ARGOS AML database. If the DOBs do not match, the search match rate is recorded as 80 points.

Examples

Searched Date of Birth	1996-08-13	1996-08-13	-
Matching result	-	100%	80%

3. Nationality Match

• Verify that the input matches the nationality within the ARGOS database. If the nationalities do not match, the search match rate is recorded as 80 points.

Examples

	Input	Profile 1	Profile 2	Profile 3
Searched Nationality	KOR	KOR	USA	-
Matching result	-	100%	80%	80%

Note . The final matching score is the average value of the input field.

Example) name matching score: 86% , date of birth matching score: 100% , nationality matching: 80% Final matching score: (86% + 100% + 80%) /3 = 88.67%