Providing an overview of the tools available to assist banks and financial institutions with meeting the requirements of the Foreign Corrupt Practices Act (FCPA) and, in particular, knowing the background of your international vendors or business partners. The United States Congress enacted the FCPA to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the American business system.
Providing an overview of the tools available to assist banks and financial institutions with meeting the requirements of the Foreign Corrupt Practices Act (FCPA) and, in particular, knowing the background of your international vendors or business partners. The United States Congress enacted the FCPA to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the American business system.

DATA FILE
World-Check's highly structured Data-File can be embedded into all major software applications, allowing for automated, cost efficient filtering to be carried out in-house while offering maximum data security and privacy. In this way, automated real-time screening of international payments, daily batch filtering of new customer account names or periodic filtering of all existing customers or vendors is possible and recommended as best practice by all regulatory bodies worldwide in combating money laundering and terror financing.

World-Check's recent acquisition of IntegraScreen has also added Enhanced Due Diligence (EDD) to its risk intelligence portfolio. This new addition provides clients with 'best of breed' end-to-end risk management services such as customized country risk assessments, full-spectrum risk intelligence as well as comprehensive reporting, in-depth analysis and monitoring across markets and industries.

Differentiating Features

  • Uniquely structured data for ease of implementation
  • Allows for regular risk screening of new/existing customers, vendors, employees, associates, payments etc
  • Mitigates risk associated with money laundering and terrorist financing
  • Only World-Check covers the full definition of PEPs, including family, front men, associates & business relationships
  • Updated twice daily
  • Fully auditable process for proof of best due diligence
  • Dynamic downloads allow for choice of specific 'slices' of data for targeted screening
  • Annual subscription allows for unlimited downloads
  • Available in multiple formats (CSV, XML, etc.)
Structured Intelligence
World-Check's Data-file contains hundreds of thousands of highly structured profiles of individuals and entities known to represent a direct or potential reputation, financial or compliance risk. Politicians, PEPs and people of political influence; terrorists and organised crime; money launderers and fraudsters amongst many other categories - are all profiled and linked to offer a complex network of public information. In addition, World-Check correlates every known sanction and embargo list from around the world, including both debarred and banned parties, such as OFAC, Bank of England, EU, UN and the Australian DFAT list, to name but a few.

Each profile has 20+ different fields of identification and risk specific information such as name, aliases, age, date of birth, risk category (i.e. terrorism), nationality, location, subcategory (i.e. PEP) links to associates, official list keywords (i.e. OFAC) and many more. Teams of multilingual researchers based around the world methodically monitor hundreds of thousands of information sources globally creating and updating thousands of profiles 24/7. Our Data-File is updated twice daily ensuring our customers always have the latest intelligence available.

Access and Options
An annual subscription allows for unlimited downloads with a variety of options available to customers, including daily, weekly and monthly updated files as well as the entire database. Additionally, World-Check's Data-File allows for 'dynamic downloads', which enables clients to perform data-sliced requests, thereby downloading data subsets relevant for specific internal purposes. The Data-file is offered in two formats XML and CSV (Comma Separated Value) TAB delimited.

Proof of Due Diligence
Proof of due diligence and indeed of regular reviews of one's customers is key to your regulator. The best way to mitigate risks associated with money laundering, terrorist financing and organised crime is by regularly screening your new and existing customers for these high risk entities and individuals. With an automated and systematic process in place that is fully auditable, you can show regulators you are doing everything you can to prevent and combat such issues.

Security Policy
World-Check's foremost priority is privacy and security. We use 256-bit encryption of the link between our servers and our client's servers. Our confidentiality guarantees your anonymity; there is no monitoring and no audit trail. World-Check's anonymity policy is regularly audited by KPMG. No other service offers this degree of security.

World-Check Online

World-Check is also available through our Online look-up service which allows for simple, manual checking of entities one submission at a time. This internet based solution, available from any pc worldwide is updated in real-time. Its search functionalities allow the user to instantly check whether an individual or entity carries any potential risk. The search results can be printed, emailed or saved electronically as proof of due diligence. Annual subscription allows for unlimited access, look-ups, printouts and suspicious name reporting. The Online service has the added benefit of providing subscribers access to Passport-Check a cutting edge solution that verifies the authenticity of "machine readable" passports in seconds. The integration of Name-Checking and ID-Document Checking into one process provides both commercial and government clients with a unique solution to match the stringent international know-your-customer due diligence obligations.

World-Check, Reducing Risk through Intelligence
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