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What Is the Global Watch List?

May 12, 2020

Global Watch List: Manage Risk and Streamline Compliance

While the globalization of health care offers tremendous possibilities for good, it also brings significant risk. Especially in the wake of a global pandemic, medical resources and health care providers themselves will be in short supply.

During this critical time, manage risk and streamline compliance with Global Watch List Screening, a specialized search that regularly runs identity checks across domestic and international government, law enforcement, and regulatory sanction databases.

Individuals included on these lists include known or suspected terrorists, drug traffickers, and those convicted of fraudulent crimes. Global watchlists include alerts on activities such as malpractice, sanctions, exclusions, negative licensure status, and more.

How Does Global Watchlist Screening Work? 

Global watchlist records are constantly updated and it’s important to rely on trusted sources of high-quality data that monitor record updates in real-time.

A global watchlist screening first verifies the identity of a provider against multiple independent and reliable sources. The global watchlist records check then runs the verified profile against a comprehensive set of watchlists and is alerted if an individual is on any of the sanctions lists around the globe for activity including:

  • Criminal activity
  • Terrorism
  • Financial crimes
  • Financial sanctions
  • Exclusions and debarments
  • Disciplinary actions

Data is pulled from global watchlist sources including, but not limited to:

  • Office of Inspector General (OIG)
  • OFAC Specially Designated Nationals (SDN) & Blocked Persons
  • European Union Consolidated List
  • Drug Enforcement Agency Fugitives
  • Government Sanction Databases
  • U.S. Terror List

Why Is a Global Watchlist Check Important in Health Care Screening? 

The anti-money laundering (AML) sanctions watchlist assures full compliance with domestic and international AML, Counter Terrorist Finance (CTF), and sanctions enforcement regulations. An easy-to-use system streamlines to:

  • Improve compliance with federal and international regulations
  • Mitigate workplace risk
  • Boost efficiency
  • Save time and money

Organizations are under mounting pressure to demonstrate a robust compliance framework to ensure that legal requirements are met at both regional and global standards. Furthermore, heavy fines are imposed on organizations that fail to enforce processes that identify criminal activity and comply with international and federal regulations. However, staying compliant and protecting your organization, patients, and partners can be easier with reliable sanctions data and an efficient tool for continuous monitoring.

What Makes Verisys the Most Trusted Platform in Health Care Screening?

We use primary source datasets to provide the highest level of reliability, accuracy, compliance, and security. Verisys systems utilize an unparalleled number of international and domestic exclusions and disciplinary action data sources, conduct real-time updates, and provides an easy-to-use, self-service platform for running searches. By entering your provider’s or entity’s name once, you can collect the requested data from numerous chosen primary sources (exclusions, debarments, sanctions, and disciplinary actions) into a single centralized location. This allows our customers to quickly and efficiently identify fraud and criminal activity so that they can continue providing the highest degree of patient care.

Juliette WillardWritten by Juliette Willard
Healthcare Communications Specialist
Being creative is my passion! Writer. Painter. Problem Solver. Optimist.
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