Argos KYC
Search…
AML Screening Threshold
Note. Argos searches the AML database for matching money laundering or terrorist financing risk profiles.
Delivered AML screening results are based on the search threshold setting. (Default : 90) 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. 1.
    Name (Allow upper/lower case, diacritical mark, accent and name order variations)
  2. 2.
    Date of birth
  3. 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 risk profile in Argos AML database does not include the date of birth.
Examples
Searched Name
Argos AML 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 with 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
Input
Profile 1
Profile 2
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%
Last modified 4mo ago