Overview
Business monitoring updates notify your firm when there are changes to a monitored business client. Reviewing these updates allows you to assess risk, record a decision, and take further action where required to remain compliant.
Before you start
Before reviewing business monitoring updates, ensure that:
You have access to the Monitoring dashboard in Legl
There are monitoring updates marked as Ready for review
How to review business monitoring updates
Go to Monitoring from the left-hand navigation menu.
Locate a monitoring update with the status Ready for review.
Click the update to open the review drawer.
The drawer shows a list of all the updates that have been received for that business since the last ongoing monitoring review. Updates are sorted in date order from newest to oldest.
Review the summary of changes, including:
The priority and type of update
The date and time the change was recorded
The Legl Assist AI summary
Decide how to proceed with the update.
How to complete a company monitoring update review
When reviewing a company information monitoring update, you can choose one of the following options:
No action required
Marks the update as reviewed
Does not refresh the company report
ℹ️ Note
Choose this option if the company update contains no significant changes that affect the risk of the business.
Update company report
Marks the update as reviewed
Re-runs the company report
This option will incur a charge
ℹ️ Note
Choose this option if the company update contains material changes that should trigger a full KYB refresh.
How to review business sanctions monitoring updates
Business sanctions monitoring updates are reviewed in the same way as individual PEP or sanctions updates:
Open the sanctions monitoring update from the dashboard.
Review the details of the changes since the last sanctions report.
Assess whether the update represents:
A new sanctions listing
A removed listing
A new possible match
A removed match
Record your review decision.
ℹ️ Important
Some matches may be false positives. Full details are provided to support your assessment.
What happens next
After you complete a review:
The update is marked as Reviewed
Your name is recorded as the reviewer in the audit trail
Any selected follow-up action (such as re-running a report) is processed
The update no longer appears as Ready for review
Important information
Monitoring updates are checked once per day after the initial report or screening.
Reviewing an update does not automatically refresh reports unless you select that option.
Charges only apply when you choose to re-run a company report.
Monitoring updates must always be reviewed by a firm user; Legl does not make compliance decisions on your behalf.