Important Notice

Please take note of the following content change to be applied to the Data-File on 19 December, 2008. In order to avoid any potential problems please ensure that your database administrators, IT engineers and developers are made fully aware of this notice so that your filtering applications, data handling systems and any database processes are updated early and appropriately to accommodate the following change:

World-Check will introduce 3 additional characters to the E/I column of the data files. The E/I field will now comprise of the following character set: I U M F E

I     =    Individual – Gender Unknown – Profile not reviewed since introduction of new character set
U    =    Unknown – Gender Unknown – Profile reviewed since introduction of new character set
M    =    Male – Individual – Gender Known – Positive ID
F     =    Female – Individual – Gender Known – Positive ID
E     =    Entity – No change to context

When a profile previously designated as an Individual (I) is reviewed and is found to be of an unknown nature, it will be re-assigned as Unknown (U). This implies that over time the Individual (I) category will disappear and be replaced by Unknown (U).

If you have any questions, comments or concerns please direct these through your World-Check representative or contact our Customer Services department using the following address:

eiupdate@world-check.com

Please click here to watch World-Check's financial crime consultant Kenneth Rijock on Al Jazeera's 'People and Power' programme entitled 'The Laundry Man'. "Money laundering bankrolls the underground global economy. It has contributed to bankrupt countries, finances warfare and fuels crime. The way the world looks at money laundering has changed since 9/11 amid fears funds were financing similar operations. Instead of laundering money Kenneth Rijock now makes a career out of taking people who do to the cleaners."

On September 10, 2008 World-Check launched Country-Check, a ground-breaking fully customisable country risk management tool for 243 countries and territories worldwide, making it the most comprehensive ranking index of its kind. To read more go to our Press Releases.

World-Check's Board of Directors has announced the appointment of Daniel Peak to the position of Chief Executive Officer. This appointment marks the culmination of a carefully architected expansion of World-Check’s management team that will lead this market-pioneering company through its continued rapid growth. Read the full press release here.

Kenneth Rijock's popular weekly series "Confessions of a Money Launderer" has returned fro a summer hiatus.  Don't miss this compelling and informative series ,which is a must read for all compliance professionals.

World-Check is delighted to announce the establishment of the Organised Crime Research Unit (OCRU), a specialist research unit dedicated solely to researching organized crime and counterfeiting. To read more about OCRU you can access the full press release here.

 

David Leppan, World-Check Founder and CEO, has today released a ground-breaking discussion paper entitled “PEPS: Moving Forward”. Delivered to the Egmont discussion group earlier this month, this paper offers a candid view of the weaknesses in the Politically Exposed Person definition, the potential flawed interpretation thereof, and offers directions in which this subject may need to evolve. Read the full Press release here or go directly to the Discussion Paper here.

World-Check, has once again alerted clients to high risk individuals years ahead of their names appearing on a sanctions list. Recent OFAC designations include terrorism-related individuals as well as narcotics-related
individuals and organizations. In both cases World-Check profiled the individuals between four and
six years ahead. Read the full Press Release here.

World-Check would like to alert our users to the fact that we will be removing the IDAC (Investment Dealers Association of Canada) keyword from profiles and relacing this with a new keyword IIROC (Investment Industry Regulatory Organization of Canada). This replacement will take place of a period of time, so please update your records accordingly. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., Read more about IIROC here.