WORLD-CHECK enhanced to offer NEWS-CHECK

World-Check, KYC intelligence provider to the financial industry, today announced enhancements to its Online KYC and PEP solution that will enable customers, with ease, to review hundreds of news articles on profiled people and entities that appear within its global database of heightened risk parties.

(PRWEB) September 2, 2004 -- The enhancement - called NEWS-CHECK, correlates thousands of news articles from around the world and places them into a structured environment for users to review. David Leppan, CEO, Global Objectives Ltd said "As the industry pioneer and market standard, World-Check is driven by customers requests and market requirements.

With more than 770 institutions and regulatory agencies in 80+ countries relying on World-Check for KYC risk reduction, we were aware that relevant up to the minute news, was of great value to users. By offering structured profiles of heightened risk entities and only a single click away, you have access to what is being said in the press today and in the last few weeks about this person, we are able to take KYC to a new dimension."

NEWS-CHECK was developed to assist compliance and AML officers in bringing the latest news, on profiled individuals and entities, as it happens in to World-Check.

"No one has time to read 30, 40 ...50 international newspapers in the hope of stumbling across an article of interest related to a customer" said Leppan, "News-Check will become a compliance officers 'electronic eyes and ears' within the mass media and will correlate articles related to people of interest. It is no crime to have Politically Exposed Persons as customers but they do require enhanced due diligence on a continuous basis and part of this process is to be on top of what is reported in the press on these individuals."

WORLD-CHECK with the release of the NEWS-CHECK offers an improved and enhanced solution for daily monitoring of risk related information. World-Check - setting standards within the KYC industry.

About World-Check

World-Check serves more than 770 institutions, including many regulatory and government agencies in over 80 countries, with its global list of heightened-risk individuals and organizations. World-Check assists institutions in mitigating reputational, financial and compliance risk by monitoring and correlating risk-related information on high-risk entities. Financial institutions can therefore very efficiently screen their new and existing customers for risk on a routine basis. Recognized as an industry pioneer, World-Check has revolutionized and "standardized" global Know Your Customer (KYC) and PEP screening.

For more information, please visit www.world-check.com

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