Stay compliant, without manual overhead

Ongoing monitoring is the part of AML due diligence that continues after onboarding. It means re-screening counterparties, reviewing their KYC file periodically according to their risk level, and keeping documents and information current for as long as the business relationship lasts.

It depends on your risk-based policy. Higher-risk counterparties are usually reviewed more often than lower-risk ones. In Vestlane, you set the review period for each risk level, and the next review date follows from the date of the last risk assessment.

Besides the scheduled review date, a refresh can be needed when an ID document expires, when daily screening finds a new potential match, or when something changes for the counterparty, such as its ownership, address, economic activity, etc.

Before an ID document expires, your team and the counterparty are alerted. The counterparty uploads a new document to their profile, or your team requests it.

Both sides. Your team is alerted in Vestlane, and the investor or counterparty is asked to confirm or update their KYC profile. When they do, you see the update, and the next subscription or KYC with any fund starts from it.

The Screening page explains how screening works: which lists are checked and how potential matches are reviewed and decided. Ongoing monitoring covers everything after onboarding: daily re-screening, periodic KYC reviews, expiring documents and the actions that keep each file current.