MEDIA RELEASE PR41710
World-Check Celebrates 10 Years at the Forefront of International Risk Intelligence
ZURICH, Oct. 12 /PRNewswire-AsiaNet/ --
World-Check, the business risk and intelligence specialist, is embarking
on a campaign to support the often unseen victims of the corrupt practices
and crimes it seeks to eradicate to marks its tenth anniversary.
2010 marks the 10 year anniversary of World-Check, the frontrunner in
providing open source research and intelligence in the global fight to combat
fraud and corruption. The company brought to market the first internationally
recognised database of Politically Exposed Persons (PEPs) and heightened risk
individuals and entities.
World-Check, founded by David Leppan in 2000, is supporting 10 social
responsibility projects and charities throughout its 10th anniversary year.
The first of these projects to receive a World-Check contribution is SOS
Children's Villages, Haiti. Nine further charities will receive donations
throughout the year. For more information on the 10 for 2010 Programme,
David Leppan, Founder and Executive Chairman, World-Check said: "While
companies may have hoped the compliance burden would ease over the past
decade, world events such as 9/11 and 'tough and targeted' government
measures to combat corruption and white collar crime that supports
international criminals and would-be terrorists has seen the volume of
world-wide legislation, regulation and enforcement increase dramatically.
"In 2010 companies in every sector are making crucial enhancements to
their compliance processes to guard against the threats of financial crime,
fines and damaged reputations. Legislation such as the FCPA, the UK Bribery
Act and more recently the additional Iranian sanctions are all signals that
governments and regulatory bodies on both sides of the Atlantic are prepared
to go further than ever before to stamp out 'white collar' crime.
"These crimes come in many different forms and the manner in which they
are committed is becoming increasingly more complex and frequent. The effects
on individuals can be devastating. Through our 10 for 2010 programme, we hope
to raise awareness of the plight of the all too often 'unrecognised or
ignored' victims of crime and draw attention to the true cost of these sorts
of crimes on society."
New Anti-Money Laundering (AML) rules implemented in the UK in 2007
intensified US and EU Iranian Sanctions this year, and the UK Bribery Act
which will become law in 2011 force companies to review their existing AML
and anti-corruption processes. Time and again, World-Check has been first to
market with effective propositions and products that specifically target the
demands of the new regulatory environment. It is this unswerving commitment
to monitoring and analysing regulation and enforcement that has enabled
World-Check to remain number one in the marketplace.
Mr Leppan said "World-Check consistently anticipates the changing
legislative environment and works with its customers to ensure it is
developing affordable, easy-to-use solutions that alleviate the
administrative burdens posed by new legislation."
"World-Check has become the trusted early warning system for countless
organisations around the globe, with 97% of our clients choosing to renew and
grow their relationship with us each year as they manage and mitigate their
exposure to risk. Over the next decade, our customer promise is that we will
continue to scan the horizon for emerging financial regulations and risk, and
identify best possible tools to ensure that our customers, wherever they are
in the world, can ease their compliance burden."
"As a start-up we helped the Swiss financial banking industry address its
Know-Your-Customer (KYC) and Anti-Money Laundering (AML) requirements. Today
we provide research and intelligence to more than 4,500 organisations helping
to protect their businesses and reputation from the continual threat of
financial crime. We have a global footprint, with over 450 researchers based
in centres across five continents supporting clients in over 160 countries."
About World-Check
Trusted by more than 4 500 institutions in over 160 countries, including
49 of the world's top 50 banks, World-Check offers an end-to-end solution for
assessing, managing and remediating financial, regulatory and reputational
risks. World-Check's global database of Politically Exposed Persons (PEPs)
and heightened risk individuals and entities, due diligence reports, passport
verification and country risk assessment tools provide the means to address
the full spectrum of risk across all markets and industries.
Represented across five continents, World-Check's international research
team monitors emerging risks in more than 60 languages, covering over 240
countries and territories worldwide.
SOUREC: World-Check
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