WORLD-CHECK OVERVIEW

World-Check, the leading global provider of highly structured risk intelligence, offers banks, institutional lenders, lawyers, accounting firms and other regulated financial services providers a comprehensive solution for meeting their regulatory compliance requirements.

More than 3000 institutions, including 47 of the world’s 50 largest banks, rely on this database of known heightened-risk individuals and entities to effectively screen their clients, transactions and employees for potential risk relating to money laundering, terrorist financing and over a dozen other types of risk. Significantly, it is also the risk intelligence solution of choice for more than 200 government and law enforcement agencies around the world.

World-Check can be accessed via two annual subscription models, namely the convenient Internet-based Online Service and the Data-File. The Online Service can be accessed from any PC worldwide, and is ideal for on-the-spot risk checking of individuals or entities. The Data-File is a downloadable flat file that can be loaded into various software applications to screen large volumes of clients and transactions against a comprehensive range risk factors.

World-Check also offers smaller Data-File clients the Filter Service, a stand-alone client screening filter for automated batch-screening (maximum 20,000 names) of transactions and client bases.

Which World-Check solution will suit my organisation?

Learn more about the different World-Check subscription models, respective compliance solutions and value-added products below:

World-Check Online Service

World-Check Online is a fully searchable Internet-based service accessible from any PC worldwide, with no installation or maintenance required. Updated in real-time, its quick search functionalities allows the user to enter different search criteria to instantly cross-check a person or entity against World-Check’s database of highly structured profiles on heightened-risk individuals and entities.

The Online Service has the added benefit of providing subscribers access to Passport screening facility, a cutting-edge solution that instantly verifies the authenticity of machine-readable passports, thereby confirming the identity of customers whilst also screening them against the World-Check database.

The integration of name checking and ID checking into one process provides both commercial and government clients with a unique solution to for meeting stringent international Customer Identification (CIP) and Know Your Customer (KYC) obligations.

Find out more about  World-Check Online.

Data-File (flat file)

The  Data-File (flat file) is an automated compliance solution that allows for the discrete and in-house screening of large volumes of clients and transactions. Additionally, the Data-File allows for “dynamic downloads”, which enables clients to perform data-sliced requests by downloading data sub-sets relevant to specific internal risk screening processes.

The Data-File is updated twice daily to ensure our customers have access to the latest information, with annual subscriptions allowing for unlimited downloads. It allows for the daily batch filtering of new customer account names, or for the periodic filtering of all existing customers or vendors. The Data-File also allows for the creation and storage of electronically auditable proof of due diligence.

Find out more about the World-Check Data-File.

The Filter (software solution)

The Filter is a Windows-compatible software application capable of filtering small customer bases (maximum 20,000 names) against World-Check’s Data-File on a stand-alone PC. This automated system requires minimal user and IT support, and downloads and imports all the updates made to the World-Check Data-File twice daily.

This effectively enables institutions to screen clients against the most up-to-date World-Check risk intelligence, which is of utmost importance when it comes to avoiding OFAC and other sanction list violations. In addition, customer reference information can be stored, and scheduled customer screenings can be programmed for proof of due diligence and compliance procedures.

Find out more about the World-Check Filter software application, or contact World-Check for more information.