Entire US Treasury Palestinian Legislative Council List Profiled in World-Check Prior to the OFAC Release
World-Check the leading provider of structured intelligence on known heightened risk individuals has proven once again its unique value as an early warning system. The list of 78 members of the Palestinian Legislative Council recently released by OFAC were all profiled in World-Check’s database prior to the OFAC release - some as far back as 2001.
LONDON (PRWEB) May 13, 2006 -- World-Check, the leading provider of structured intelligence on known heightened risk individuals, has proven once again its unique value as an early warning system. The list of 78 members of the Palestinian Legislative Council recently released by OFAC were all profiled in World-Check’s database prior to the OFAC release - some as far back as 2001.
Although the list released is not part of the SND list, all financial institutions must reject any transactions involving the individuals who were elected to the PLC on the party slate of Hamas.
David Leppan World-Check’s founder and CEO said “This shows World-Check’s dedication to being the very best when it comes to KYC and Sanction data. In addition it shows how ahead of the game World-Check is in identifying those that 'may eventually end up’ on a sanction list. We are proud of our continued achievements as the industry pioneer and leader.”
Since its launch five years ago World-Check has striven to continually provide the best possible KYC solutions for its clients. World-Check’s multi-lingual team of researchers located around the world monitor hundreds of thousands of sources including all major sanctions and regulatory lists 24/7, adding all relevant information to its highly structured database twice a day. This dedicated approach shows why 45 of the world’s top 50 financial institutions rely on World-Check to reduce their KYC risk.
About World-Check
World-Check assists institutions in mitigating reputation, financial and compliance risk by monitoring and correlating information on heightened risk entities. World-Check provides risk-reduction technology to 1,700 institutions in more than 130 countries. World-Check technology allows financial institutions to 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 Politically Exposed Person (PEP) screening. Today, 45 of the world’s top 50 banks, and hundreds of regulatory and government agencies use World-Check’s global list of heightened-risk individuals and organizations.
For more information, please visit https:www.world-check.com.
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