How REG Network Helps
Fix AML and Regulatory Monitoring Gaps

Stop relying on periodic reviews to catch sanctions, FCA status and financial changes across your counterparty network. REG Network monitors continuously and alerts you the moment something changes.

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Once a counterparty is onboarded, the real risk usually isn’t what was true at the start. It’s what changes afterwards: a sanctions listing, an FCA permission lapsing, early signs of financial distress, a director resigning without explanation. Most firms only catch changes like these at the next scheduled review, which can be six months or a year away.

Across a network of even a few hundred counterparties, that gap means risk accumulates quietly in the background. By the time something surfaces in a periodic review, the exposure may have existed for months, and demonstrating ongoing oversight to a regulator or auditor turns into a reconstruction exercise rather than a straightforward answer.

REG Network replaces periodic, point-in-time reviews with continuous monitoring across the entire network, surfacing changes as they happen rather than waiting for the next scheduled check.

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Peace of mind with regulatory compliance

Why a Lack of Real-Time Visibility Creates Risk

Most firms don’t lack the will to monitor their counterparty network closely. They lack a way of doing it that doesn’t depend on someone remembering to look.

Many firms still rely on:

  • Annual or periodic review cycles instead of continuous oversight
  • Manual re-checks that depend on calendar reminders
  • Counterparties self-reporting changes that affect their own risk profile
  • Monitoring split across spreadsheets and individual ownership
  • No automated alerts when a counterparty’s risk profile changes
  • No one explicitly responsible for watching a counterparty between reviews

This tends to work while the network is small enough to track informally. It stops working once the number of counterparties outpaces anyone’s ability to remember who needs checking, and when.

What Is Continuous AML Monitoring?

Continuous AML monitoring means checking every counterparty against sanctions lists, PEP data, adverse media and regulatory records all the time, not only at onboarding and at the next scheduled review. When something relevant changes, the system raises an alert straight away.

For insurers, MGAs and brokers, the counterparties that matter most are the firms you trade with: brokers, coverholders, TPAs and capacity providers. A clean check at onboarding says nothing about a sanctions designation, a new PEP link, a lapsed FCA permission or a director change six months later. The Money Laundering Regulations expect firms in scope to carry out ongoing monitoring of business relationships, and UK financial sanctions apply to every firm, so the gap between reviews is where the risk sits.

Ongoing AML monitoring does not replace judgement. It makes sure your team hears about a change when it happens, and gives you a continuous record to show the FCA, auditors and capacity providers.

The result is usually a combination of:

  • Regulatory or financial deterioration discovered months after it actually happened
  • Risk events surfacing only once something has already gone wrong
  • Inconsistent oversight depending on when a review happens to fall
  • Difficulty demonstrating continuous oversight to regulators and auditors
  • Reactive rather than proactive risk management
  • Continued exposure to counterparties that should have been flagged earlier

For compliance and risk teams, the issue isn’t a lack of concern. It’s the absence of a system that watches the network when no one else is looking.

Why Real-Time Visibility Breaks Down Across Insurance, MGA and Broker Networks

Visibility doesn’t disappear all at once. A review process built for a smaller, simpler network loses ground gradually as the number of counterparties and the pace of regulatory change both increase.

Periodic Reviews Instead of Continuous Oversight

Scheduled reviews only catch a change if it happens to fall within the review window. Anything that happens in between goes unnoticed until the next cycle.

Manual Re-Checks That Depend on Memory

Without an automated trigger, re-checks rely on someone remembering to run them on time, across every counterparty, indefinitely.

Reliance on Self-Reported Changes

Counterparties don’t always disclose a change in their own circumstances, and have little incentive to flag deterioration proactively.

Fragmented Monitoring Ownership

When monitoring responsibility sits with individuals rather than a system, coverage gaps appear whenever someone moves teams or leaves.

No Automated Alerts

Without alerts tied directly to sanctions, FCA, credit and Companies House data, changes only surface when someone happens to go looking.

Oversight That Doesn’t Scale

What’s manageable across fifty counterparties becomes unworkable across five hundred. Growing networks expose every weak point in a periodic review process.

How REG Network Delivers Real-Time Regulatory Monitoring

REG Network replaces periodic, manually scheduled reviews with continuous monitoring that runs across the entire counterparty network automatically.

Instead of waiting for the next scheduled check, organisations are alerted the moment something relevant changes, with full visibility of every counterparty’s current status in one place.

  • Continuous Counterparty Monitoring

    REG Network provides continuous AML monitoring for every counterparty in the network, watching for changes that affect risk and compliance, including:

    • Sanctions list changes
    • New PEP designations and adverse media developments
    • FCA status and regulatory permission changes
    • Credit deterioration and insolvency risk indicators
    • Companies House filings and director changes
    • Expired or soon to expire documentation

    This runs in the background automatically, without requiring anyone to schedule or remember a re-check.

  • Automated Alerts and Notifications

    When something changes, REG Network surfaces it immediately rather than waiting for it to be discovered at the next review. Alerts are delivered through:

    • Dashboard notifications
    • Email alerts
    • API integrations into existing systems

    This means risk and compliance teams find out about a relevant change when it happens, not months later.

  • Network-Wide Visibility

    Instead of monitoring status living with whichever individual last reviewed a counterparty, REG Network gives every team a shared, current view of risk across the whole network. For firms that need more configurable thresholds and bespoke risk appetite rules on top of this, REG Risk 365 extends it with advanced, configurable monitoring.

Find out more about REG Network

Key Platform Capabilities

Continuous Sanctions and PEP Monitoring

Catch new sanctions and PEP designations as they’re published, not at the next scheduled review.

FCA and Regulatory Status Tracking

Get alerted automatically when a counterparty’s regulatory permissions or status change.

Credit and Financial Deterioration Alerts

Surface early signs of financial distress across the network as they emerge.

Companies House and Director Change Monitoring

Track filings, registered changes and director movements without manual checking.

Configurable Risk Alerts

Tailor monitoring thresholds and alert criteria to your organisation’s own risk appetite.

 

Learn more about automated compliance monitoring and broker risk visibility.

Operational and Compliance Benefits

Real-time visibility doesn’t just close a monitoring gap. It changes risk management from something that happens periodically to something that’s always running.

  • Changes Caught as They Happen

    Sanctions, regulatory and financial changes are surfaced as soon as they occur, not at the next scheduled review.

  • Reduced Reliance on Periodic Reviews

    Continuous monitoring removes the dependency on someone remembering to run a check on time, across every counterparty.

    REG Network generates more than 35,000 monthly alerts across its network, oversight that would be impossible to replicate through periodic manual reviews alone.

  • Consistent Oversight Across the Network

    Every counterparty is monitored to the same standard, regardless of network size or team capacity.

  • Stronger Evidence of Continuous Oversight

    A continuous monitoring record is easier to evidence to a regulator or auditor than a series of point-in-time reviews.

  • Faster Response to Emerging Risk

    Earlier visibility of a change means more time to assess and respond, rather than discovering an issue after it has already developed.

Real-World Examples from Insurance Organisations


REG Network helps insurers, MGAs and brokers move from periodic reviews to continuous, real-time visibility across their counterparty networks.

 

CNA Hardy Logo

CNA Hardy
Insurance Carrier
CNA Hardy uses REG Network to receive real-time notifications regarding regulatory and legal changes affecting its broker partners, rather than waiting for scheduled reviews to catch them.

View case study →

Generis Underwriting Logo

Generis Underwriting
MGA
Generis Underwriting used REG Network to improve broker monitoring, gaining earlier visibility of changes across its growing network.

View case study →

Kindertons Logo

Kindertons
Broker
Kindertons improved due diligence efficiency and gained clearer ongoing visibility across its broker relationships.

View case study →

Frequently Asked Questions

Why do regulatory and financial changes go unnoticed between reviews?

Most review processes are periodic, so they only catch a change if it happens to fall within the review window. Anything that happens between reviews typically goes unnoticed until the next one.

How does REG Network monitor counterparties in real time?

REG Network continuously checks each counterparty against sanctions lists, PEP designations, adverse media, FCA status, credit data and Companies House filings, generating an alert automatically whenever something relevant changes.

What kinds of changes trigger an alert?

Alerts can be triggered by sanctions or PEP changes, adverse media, FCA status or permission changes, credit deterioration, insolvency risk indicators, and changes to Companies House filings or directors.

Does real-time monitoring replace periodic reviews entirely?

Continuous monitoring covers the gaps between reviews automatically, but many organisations still run periodic reviews for broader relationship and commercial reasons. The two work alongside each other rather than one replacing the other.

Is REG Risk 365 required for real-time monitoring?

No. Continuous monitoring and alerting is part of REG Network. REG Risk 365 adds configurable thresholds and bespoke risk appetite rules on top, for organisations that need more advanced control over how alerts are generated.

What is continuous AML monitoring

Continuous AML monitoring means checking customers and counterparties against sanctions lists, PEP data, adverse media and other risk sources all the time, not only at onboarding or an annual review. When something relevant changes, such as a new sanctions designation or a lapsed FCA permission, the firm is alerted straight away and can act before the exposure grows.

Why do insurers, MGAs and brokers need ongoing AML monitoring?

Ongoing monitoring of business relationships is a core requirement of the Money Laundering Regulations for firms in scope, and UK financial sanctions apply to every firm. A periodic review only catches a change that happens to fall inside its window. Continuous monitoring closes the gap between reviews and gives you a clear record to show the FCA, auditors and capacity providers.

What is the difference between AML screening and AML monitoring?

Screening is the check itself: comparing a name against sanctions, PEP and adverse media sources at a point in time, usually at onboarding. Monitoring is what happens afterwards, re-running those checks automatically as lists and records change. Most insurers, MGAs and brokers need both, because a clean screening result is only accurate on the day it is run.

See Risk Changes the Moment They Happen

REG Network replaces periodic, point-in-time reviews with continuous, real-time monitoring across your entire counterparty network. Whether the gap is sanctions exposure, FCA status changes or financial deterioration, REG Network surfaces it as it happens, not at the next scheduled review.

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