World-Check

Part of the Thomson Reuters Risk Management Solutions suite, the World-Check database of Politically Exposed Persons (PEPs) and heightened risk individuals and organisations is used around the world to help to identify and manage financial, regulatory and reputational risk.

The creation of the database was in response to legislation aimed at reducing the incidence of financial crimes. To begin with, World-Check’s intelligence was used by banks and financial institutions as a comprehensive solution for assessing, managing and remediating risk. However, as legislation has become increasingly complex and its reach has become increasingly global, the demand for such intelligence has grown beyond the financial sector to include organisations from all sectors.

Research coverage

World-Check’s research team monitors emerging risks in more than 60 languages, covering over 240 countries and territories worldwide. All information used is in the public domain and research analysts profile individuals and entities using open-source research methodology (OSINT) while adhering to strict protocol such as that laid down by the Data Protection Act (UK).

In 2011, World-Check received independent assurance under the International Standard on Assurance Engagements (ISAE) 3000 for the internal processes and controls that govern its global sanctions platform and dataset.

A dedicated team of research analysts correlates sanction and embargo lists from around the world, including lists such as OFAC, UK HMT, EU, OSFI, FATF and the Australian DFAT. Regulatory and enforcement lists are monitored as well as lists of debarred and banned parties.

Specific areas of interest, such as terrorism, organised crime and the Middle East, are covered by specialist research teams.

About World-Check

Registered in London, World-Check was originally founded in 2000 by David Leppan to address the risk mitigation requirements of the Swiss banking community. During 2008, World-Check launched Country-Check, an index that ranks over 240 countries and territories worldwide in terms of risk. A statistical algorithm is used to aggregate various information sources across political, financial and criminal factors and this quantifies risk attached to customers and transactions according to their country of origin. Based on statistics and not perception, Country-Check provides practical intelligence for informed decision-making, useful for mergers and acquisitions, security of supply chain, cross border expansion and exploration, and production.

In 2009 World-Check increased its offering by acquiring IntegraScreen, a provider of enhanced due diligence reporting services. IntegraScreen reports are used when a detailed background check on any entity or individual is required, and research can be carried out no matter where the location.

Thomson Reuters

In 2011, Thomson Reuters acquired World-Check as a key component of their Governance Risk and Compliance (GRC) unit (http://risk.thomsonreuters.com/) .

See also

• World Leaders

External links

• http://risk.thomsonreuters.com/
• http://www.isae3000.com/
• GSW Spotlight PEP & Blacklisting Screening Service, provided by GoldSchaff & Wolfson.
• http://www.bbc.co.uk/programmes/p02z7yf3