SearchNow performs a similar function as WatchNow but is designed as an on-demand service and is generally used at vendor setup, prior to issuing payment to a high risk vendor or for random sampling by Internal Audit.
When now means now.
The OFAC, SAM/EPLS, LEIE and BIS lists are updated daily and compiled into a single database for searches. Each search generates an audit trail that shows the date of search, the search terms that were used, the user and any potential matches that were returned.
Combining WatchNow with SearchNow gives organizations both an up-front and on-going solution to manage compliance across multiple and ever changing government exclusion lists.