World-Check reaches 1000 client milestone

Source: World-Check

World-Check, the leading provider of structured intelligence on known heightened-risk individuals and businesses, today announced that it has reached a milestone of 1,000 client institutions, including government and regulatory agencies in more than 120 countries.

Since releasing World-Check Version 1.0 in January 2001, World-Check has become the leader in providing the world's financial institutions with Know your Customer (KYC) and Politically Exposed Person (PEP) intelligence. World-Check risk reduction intelligence, which provides comprehensive profiles of high-risk and potential high-risk persons and entities and those associated with them, today serves as the de facto industry standard.

"World-Check has been a pioneer in defining and understanding the concepts surrounding KYC and PEP intelligence," said World-Check founder David Leppan. "As a result, World-Check was ideally positioned when world events and enhanced regulatory requirements intensified the need for intelligence on high- risk individuals and businesses."

"Today, World-Check makes a very real impact in reducing our customers' compliance and client risk, and in helping regulatory and government agencies enforce the law and freeze millions of dollars in criminal assets," Leppan said.

Currently, 17 of the world's top 20 banks use World-Check intelligence on high-risk individuals and businesses. In Europe, 18 of the top 20 banks are World-Check clients.

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