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. As part of our portfolio of risk management products and services, World-Check offers due diligence reports. This provides clients with end-to-end risk management services such as customised country risk assessments, full-spectrum risk intelligence as well as comprehensive reporting, in-depth analysis and monitoring across markets and industries. | |
Differentiating Features
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Structured intelligence 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, UK HMT, EU, UN and the Australian DFAT list, to name but a few.Each profile has over 20 different identifier fields, as well as 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 and official list keywords. Teams of multilingual researchers based around the world methodically monitor hundreds of thousands of information sources globally creating and updating thousands of profiles on a round-the-clock. Our Data-File is updated twice daily ensuring our customers always have the latest intelligence available. Data access 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. Encryption technology secures 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's risk intelligence can also be accessed through World-Check Online, our instant name screening service. It allows for simple, manual checking of individual and organisation names, one submission at a time. Its search functionalities allow the user to instantly check whether an individual or organisation carries any potential risk. The search results can be printed, emailed or saved electronically as proof of due diligence. Annual subscriptions allow for unlimited access, look-ups, printouts and suspicious name reporting. World-Check Online has the added benefit of providing subscribers access to Passport-Check, a solution that verifies the authenticity of machine-readable passports in seconds. The integration of name screening and ID document checking into one process provides both commercial and government clients with a unique solution to match the stringent international regulatory requirements.
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