UNCOVERING RISK..........................
We are delighted to welcome you to World-Check's 1st Intelligence Briefing! This monthly briefing will make you aware of names that pose a serious and heightened risk to your institution as well as other important announcements from within our industry. Be sure to carefully review the tip-offs we provide you with and feel free to encourage colleagues to sign up to this free service. Welcome!
STAY VIGILANT - ARE THESE YOUR CUSTOMERS?
High Flyer
Successful businessman Kojo Annan (UID 83718) is a PEP as he is the son of the Head of the UN, Kofi Annan. One business associate is the son of a former Saudi Oil Minister and another, the nephew of the Zimbabwe President. Could his success be put down to "it is not what you know but who you know?" At the end of 2004 he came to the attention of authorities in the USA regarding his involvement in the Iraq Oil for Food Program but he caught the eye of World-Check back in 2002 - take a look at his profile to see who else keeps company with this high-flyer and if they are your customers.
Born in the USA
What do Adam Pearlman, brought up in Southern California, Adam Yahiye Gadahn and Abu Suhayb have in common? It is much more than you can imagine, so be prepared for a shock. To find out why you should be worried if any of these individuals are your customers - do a name search on World-Check.
Big business gone sour
The Parmalat financial scandal raised its head in December 2003 and World-Check identified over 80 individuals and businesses connected to the case - ten months later Milan prosecutors started hearings aimed at securing indictments. World-Check has kept you informed of developments throughout - do a keyword search on Parmalat to see who is involved and if any are your customers.
Leading Independent Analyst Issues Report On World-Check
Download free copy
We are proud to announce that World-Check has been the subject of a report
recently published by Gartner, Inc., entitled, “Use
World-Check Now, Avoid Embarrassment Later.” Gartner,
Inc. is the leading provider of research and analysis on the
global information technology industry.
A complimentary copy of the full Gartner Report is now
available HERE.
We are honoured to have received the attention of such a prestigious and objective third-party organization as Gartner.
We are very proud of the risk mitigation that we provide to our clients through our database of known heightened-risk individuals and entities, and believe this recognition is a testament to our position in this industry.
"The adoption of effective know-your-customer (KYC) standards is an essential part of banks’ risk management practices. Banks with inadequate KYC risk management programmes may be subject to significant risks, especially legal and reputational risk. Sound KYC policies and procedures not only contribute to a bank's overall safety and soundness, they also protect the integrity of the banking system by reducing the likelihood of banks becoming vehicles for money laundering, terrorist financing and other unlawful activities. Recent initiatives to reinforce actions against terrorism in particular have underlined the importance of banks' ability to monitor their customers wherever they conduct business."
Basel Committee on Banking Supervision, Oct. 2004
More than 960 institutions and government agencies in more than 110 countries rely on World-Check for KYC risk reduction intelligence.
For more information and frequently asked questions please visit our website by clicking here.
