London (PRWEB) December 21, 2006
World-Check (http://www.world-check.com), the leading provider of risk related intelligence to the financial community, has once again proven its worth as an early warning system of heightened-risk individuals and entities. On December 6th, the US Treasury added nine individuals and two businesses to the OFAC list. World-Check had already previously profiled five of the nine individuals. One of the individuals, Sobhi Mahmoud Fayad, has been on World-Check for almost three years.
World-Check is proud of having identified many of the members of this terrorist financing network, described by the U.S Treasury as a 'major financial artery to Hezbollah.' World-Check's specialist Terrorism Research team devotes extensive human and technological resources to 'connecting dots' and 'joining pieces' of information that regularly have shown to be of great importance.
"We are delighted at our continued success in uncovering real risk on behalf of the financial and governmental communities," said David Leppan, World-Check's CEO and Founder. "The importance of, and indeed the recognition that open source intelligence is key to reducing risk, is substantiated by World-Check's acceptance as a most valued resource by so many institutions and agencies around the world."
World-Check is relied upon by more than 2,000 institutions, including 45 of the world's 50 largest financial institutions and hundreds of government agencies, with its global database of heightened-risk individuals and businesses. The database is updated daily in real-time by World-Check's international research team and is derived from hundreds of thousands of public sources. Coverage includes PEPs, money launderers, fraudsters, terrorists and sanctioned entities -- plus individuals and businesses from over a dozen other high-risk categories. World-Check's proprietary database and tools have direct use in financial compliance, anti-money laundering (AML), Know-Your-Customer (KYC), Politically Exposed Person (PEP) screening, enhanced due diligence (EDD), fraud prevention, government intelligence and other identity authentication, background screening and risk-prevention practices. World-Check offers a downloadable database for the automated screening of an entire customer base, as well as a simple online service for quick customer screening.
For more information, please visit http://www.world-check.com.