Frequently asked questions
Pricing, data sources, accuracy, security, integrations, and how VerityRadar produces audit-ready reports. For deeper compliance reference (sanctions, PEPs, CDD/EDD, KYB) see the Compliance Knowledge Hub.
What is VerityRadar?
A compliance-intelligence platform that runs sanctions, PEP and adverse-media screening across 3,000+ public sources and structures the findings into AI-generated, audit-ready investigation reports for advisory firms.
How is VerityRadar priced?
Two plans — Explorer (free, low-volume manual checks) and Professional (AUD $599/month, includes ongoing monitoring, batch screening, audit-ready reports and team workspace). Enterprise pricing is custom and includes SSO, SLA and data-residency options.
Where does the underlying data come from?
All sanctions, PEP, watchlist and corporate-registry data is collected from primary public sources — issuing regulators (OFAC, OFSI, DFAT, EU CFSP, UN Security Council), national company registries, and reputable adverse-media outlets. Every finding in a report cites its source URL and the date it was retrieved.
Does the AI invent or hallucinate findings?
No. The AI structures and summarises findings that are first retrieved deterministically from primary sources. Every claim in a VerityRadar report carries an inline citation back to the source document. If the underlying data does not support a claim, the AI will not include it.
How fast is a typical investigation?
A single-entity check usually completes in under 60 seconds. Bulk batches scale linearly — a 1,000-entity batch completes within minutes, depending on plan-level concurrency.
Does VerityRadar replace my MLRO?
No. VerityRadar produces evidence and structured reports that support a regulated firm's risk-based decisions. The MLRO (or equivalent) remains the accountable person for accepting the customer, escalating risk, and filing reports under the firm's AML/CTF programme.
What lists are screened?
All major sanctions regimes (UN, OFAC SDN + sectoral, EU CFSP, UK OFSI, AU DFAT, CA, CH and others), debarment lists (World Bank, ADB, IMF), domestic enforcement and law-enforcement lists where publicly available, and curated PEP and adverse-media datasets.
Is VerityRadar suitable for AUSTRAC tranche-2 entities?
Yes. VerityRadar covers the screening, KYB, EDD-trigger and ongoing-monitoring workflows that tranche-2 reporting entities (lawyers, accountants, real-estate professionals) need to evidence under the AML/CTF Act 2006. Records are retained for the statutory seven-year period.
What about data residency and security?
Customer data is encrypted at rest and in transit. Production data resides in the customer's nominated region (AU by default; EU and US available on Enterprise). See /security for the architecture overview and security.txt for vulnerability reporting.
Can I integrate via API?
Yes. A REST API and an MCP server are available so that screening, monitoring and reporting can be triggered from CRM, case-management or AI-agent workflows. Documentation lives at docs.verityradar.com (in build).
What is the difference between VerityRadar and a name-screening list provider?
List providers ship raw lists. VerityRadar applies fuzzy and contextual matching, deduplicates against your own customer data, and produces a structured report with rationale, evidence and an audit trail — so the analyst spends time on judgement, not on assembly.