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STRICTLY CONFIDENTIAL. Introduction. World-Check tracks the identities of individuals and businesses from over 230 countries that are known to represent a money laundering, fraud, compliance or reputational risk. - PowerPoint PPT Presentation
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STRICTLY CONFIDENTIAL
STRICTLY CONFIDENTIAL
Introduction
World-Check tracks the identities of individuals and businesses from over 230 countries that are known to represent a money laundering, fraud,
compliance or reputational risk.
World-Check’s database of high-risk entities is derived from hundreds of thousands of public sources, and is updated daily in real-time by
World-Check’s international research team.
World-Check products then enables an organization to very efficiently — even automatically — screen,
and regularly re-screen, an entire customer base or data-file for the presence of these high-risk entities.
WORLD-CHECK HAS STREAMLINEDDUE DILIGENCE
Product Choice
In just seconds per name, screen unlimited number of names and document effort as proof of due diligence.
ONLINE SERVICE
automatically screen your entire record file whenever and as often as you want with immediate alerts to individuals or entities known to be high-risk.
FILTERING SOLUTION
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Customer names
Filter Solution
RESULTS
screen every new name for risk
regularly audit every existing name for risk
log every search as proof of due diligence
OK More Due Diligence
Market Pioneer & Leader
SOLUTION OF CHOICE
• Market pioneer—pre-9/11 company
• Largest & fastest-growing client-base
• Over 2,000 clients in over 130 countries, including 100s of government agencies
• Gartner-recommended: “Use World-Check Now, Avoid Embarrassment Later”
• 46 of the 50 largest financial institutions in the world are clients
A closer look at the World-Check database
(Nothing is added to the database unless it is sourced online)
The World-Check Profile
The World-Check Database consists entirely ofCONSOLIDATED PROFILES.
o not a random collection of sources & documents
o data is collected & reviewed — key information is then summarized in a neatly organized profile on each entity
o profiles feature 2-dozen different fields, including aliases, alternative name spellings, case synopses, locations, dates of birth, associate links
o World-Check proactively identifies & researches known high-risk entities from around the world
o original sources provided as hyperlinks
Database Coverage
o virtually every sanction list, plus 500,000+ other sources, including law enforcement, regulatory actions, watchdog groups and international media
o 2-dozen categories, including sanctioned entities, PEPs, shell banks, money launderers, fraudsters, terrorists, narco-traffickers, organized crime
o 12,000 – 15,000 new profiles added every month
o 18,000 – 20,000 existing profiles updated every month
o we will conduct additional research or add any publicly available source at no cost upon request
International Research teamsupdate the database everyday in real time
STRICTLY CONFIDENTIAL
WORLD-CHECK OFAC + UN + EU+ BOE
Unparalleled Terrorism Content
17000
15000
13000
11000
9000
7000
5000
3000
1000
No. of
Profiles
World-Check’s Terrorism and Insurgency Research Unit (TIRU) has to date identified and profiled over 17,000 terrorism-related
individuals and entities.
OFAC + Bank of England + EU + UN, have only listed approximately 800 unique terrorism-related entries -- making up
only 5% of World-Check’s overall terrorism-related content.
OECD, Wolfsberg Principle Group, FATF, etc.
PEPs: Politically Exposed Persons
SENIOR POLITICAL FIGURES
ranging from the mayor of a significant city, up to diplomats, members of parliament and heads of state
THOSE EXPOSED TO THEM
family members, businesses, bankers, frontmen
DEFINING PEPsIt is critical that your vendor’s coverage be set to the same definitions by which you will be judged.
THE REAL RISK LIES WITH THE UNNAMED ASSOCIATES DOING THE DIRTY WORK
It’s not Ali Baba that you need to look out for
IT’S HIS 40 THIEVES !
o Political figures are too high profile and have too much at stake to launder illicit funds directly.
o Family members are less-than-ideal fronts as the high-risk entity does not want to see his wife or children go to jail anymore than he does.
o Entities appearing on sanction lists naturally use frontmen knowing that these lists are public and enforced.
Tracking Associates
STRICTLY CONFIDENTIAL
Tracking Associates
Front MenAdvisors
AssociatesFamily
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