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2005 Archive
30 November 2005
Hyderabad: World-Check, intelligence gathering solutions provider for financial communities, and SDG Software have announced they would offer anti-money laundering solutions to banks.
24 November 2005
World-Check, which compiles data from public sources on politically exposed people worldwide, reports that “the panels have bank records confirming that millions of dollars were transferred from presidential accounts to Aristide’s wife, his former security chief, Oriel Jean, his private social welfare foundations, the Aristide Foundation, fictitious businesses and unnamed Aristide associates. Other government cheques were written to cash, without any explanation of the recipient or the reason for the payment”.
3 November 2005
... World-Check, offers banks and governments profiles of more than 300,000 people who may present a “heightened risk” to financial institutions.
4 October 2005
SA’s major banks are turning to global databases. “The real problem is not in identifying PEPs but in identifying their family and associates,” says Standard Bank. Standard and Nedcor are among those banks using databases, while Absa is considering their use, says Melnick. A pioneer is World-Check, established in 2000 by David Leppan, a South African based in Europe. He started compiling a database of high-risk clients, including families and associates, to meet the Swiss financial industry’s rules.
19 July 2005
La nueva normativa sobre lavado de dinero exige a las entidades financieras denunciar las operaciones sospechosas de sus clientes. Pero esto no es una tarea fácil, y así han surgido una serie de empresas que le proveen este tipo de soluciones a los bancos.
19 June 2005
In line with the global concern over misuse of the financial system for money laundering, drug trafficking and funding of terrorist activity, the Reserve Bank of India (RBI) has ordered Indian banks to put in place a strict Know Your Customer (KYC) policy and build a database of customer profiles. Banks were to complete this by December 2004, at least in case of accounts operated through a power of attorney, or when they spot unusual activity.
1 June 2005
In just four years, World-Check has gone from being a pioneer to being globally recognised as the industry standard for KYC and PEP intelligence. World-Check today serves 1,200 companies, including 17 of the world's 20 largest financial institutions and more than 200 government, regulatory and enforcement agencies, with its global database of heightened risk individuals and companies.
21 May 2005
The insurance industry does not typically come to mind as one which is susceptible to unscrupulous finance practices. However, as Rohan Bedi - Head of Anti-Money Laundering Services, PWC Sinapore and Jay Jhaveri - Director Asia, World-Check, explain, insurance is riddled with immune weaknesses. This feature outlines how the industry can best boost its defences.
6 May 2005
Sir Mark Thatcher and Simon Mann both appear on an intelligence database used by more than 180 Channel Island businesses. The duo have both been prosecuted on charges relating to an attempted coup in Equatorial Guinea, the subject of an ongoing case in Guernsey's courts.
22 April 2005
If you want to fight global crime syndicates, traffickers and corrupt officials, just follow the money, a financial crimes expert said on Thursday. David Leppan, director of London-based World Check which advises banks and government agencies in 120 countries, said the international effort against these crimes was being hampered by fragmented strategies and poor coordination between nations.
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Important Notice - Data-file - Content change
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 datab...more
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 datab...more
Watch World-Check's Kenneth Rijock on Al Jaze...
Please click here to watch World-Check's financial crime consultant Kenneth Rijock on Al Jazeera's 'People and Power...more
World-Check launches Country-Check, a holisti...
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 comprehensiv...more
Europe - AML Seminars
World-Check is conducting AML seminars in key cities from 22-26 September inclusively. Don’t miss this chance to hear industry specialists share their expertise on a number of critical issues fa...more
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