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World-Check

World-Check explained

About World-Check

Accurate risk intelligence to help you comply with financial crime legislation. Trusted by the world’s largest firms, World-Check simplifies day-to-day onboarding and monitoring decisions to help you meet regulatory obligations.

Why choose World-Check?

World-Check provides trusted information to help businesses comply with regulations and identify potential financial crime. Since its inception, World-Check has served the Know Your Customer (KYC) and third-party screening needs of the world’s largest firms; simplifying day-to-day onboarding and monitoring decisions and helping businesses comply with anti-money laundering and countering financing of terrorism legislation.

…as it rewards corruption and crime, successful money laundering damages the integrity of the entire society and undermines democracy and the rule of the law.

Why we do what we do

Financial crime has an incalculable adverse impact on our world. The proceeds of such crimes, including bribery, corruption, fraud, narcotics trafficking, and organized crime, have all been implicated in the financing of terrorism, human rights abuses such as slavery and child labor, and environmental crime.

Estimates suggest the cost of financial crime is between 3-4% of global GDP – or more than $2.5 trillion, which is equivalent to the GDP of the United Kingdom.

In a bid to counter the escalating problem of financial crime, anti-money laundering legislation has been tightened considerably over the past few years. The latest updates have focused more than ever on the need for transparency in business and transactions.

Businesses have to comply with know your customer, anti-money laundering, countering the financing of terrorism, and anti-bribery-corruption laws and regulations. As a result, they are obliged to collect information on whom they are doing business with, not only at the beginning of a relationship, but on an ongoing basis.

The information collected during this process needs to be screened against sanction lists, law enforcement watchlists, and, in some locations, lists of politically exposed persons (PEPs). Depending on the legislation in a given jurisdiction, these may be national, local, global, or a combination of all three.

All of us are automatically subject to some form of due diligence or screening - for example, when opening a bank account, consulting a lawyer, or starting a business relationship with a multinational organization. This is done for the safety of all parties, and to promote transparency and security in our business relationships.

How we do what we do

  • We have an extensive research infrastructure with offices across the globe, and hundreds of trained analysts speaking more than 60 languages.
  • We maintain a responsible, proportionate ethical approach - only using credible and reputable open source information.
  • World-Check combines human expertise and technology to provide a global, structured database, which is de-duplicated and quality controlled.
  • The data is presented in a highly structured format that can be absorbed into the due diligence and screening process via common formats across a variety of software and technical platforms.

Our data is made available only to those who require it to carry out due diligence or other screening activities in accordance with their legal or regulatory obligations or risk management procedures designed to combat financial crime. See our World-Check privacy statement for more complete information.

A screenshot of sources used in world-check

We are committed to fighting financial crime

Our goal is to assist in efforts to fight financial crime and make a contribution to making the world a safer place in which to do business.