Question 1

Which VerityRadar report should I choose?

Accepted Answer

Choose by what you need to know and what you are screening. Basic (1 credit) checks the lists: sanctions, politically exposed persons, watchlists and, for a company, its register record. Advanced (2 credits) adds researched evidence from public sources, including news and the people behind the su...

Question 2

What does a Basic report check?

Accepted Answer

A Basic report screens the subject against our data and writes up what it finds, without researching the web. For an organisation it matches the company to its register record (the Australian Business Register, UK Companies House or the global LEI register), screens the company and the owners the...

Question 3

What does an Advanced report add?

Accepted Answer

Advanced adds research. A first pass confirms who the subject is and finds its directors, owners and background in public sources. Directors and owners found this way are screened in their own right, and a company owner holding 25% or more is traced to its own owners. Separate research areas are...

Question 4

What does an AUSTRAC screen add?

Accepted Answer

An AUSTRAC screen is an Advanced report followed by a review against Australia's AML/CTF obligations. It re-checks the sanctions and PEP findings against the DFAT Consolidated List, Australia's sanctions authority, applies the 50% ownership rule across every sanctioned owner, classifies any polit...

Question 5

How is a VerityRadar report structured?

Accepted Answer

A report opens with a cover that gives the verdict, then numbered sections that each stand on their own: who was screened, why the rating is what it is, what was found, what was clear, and how the work was done. Findings point to the numbered sources behind them, and a finding with no source that...

Question 6

How do I read the risk rating and the review flags?

Accepted Answer

The rating is calculated by fixed rules from the severity of the individual findings, so the same findings always produce the same rating. The highest-severity finding sets the band and the others add points within it. A report with no risk-bearing findings reads None identified.

Question 7

What does a vessel report cover?

Accepted Answer

A ship is identified by its IMO number, which it keeps for life while its name, flag and owner change. A vessel report looks the ship up by that number, reports its own designations, rates its flag and records port-state bans and detentions. It also finds the owners, managers and operators the li...

Question 8

What does each section of a report mean?

Accepted Answer

Each check in a report is one section. Which sections appear depends on the subject and the report type; this is the full list, by the name the report uses.

Question 9

Where can I see sample reports?

Accepted Answer

Five sample reports show exactly what a report contains. Each describes a fictional subject and is marked as a sample on every page; the findings and sources in them are invented for illustration.

VerityRadar reports