London, UK (PRWEB) September 5, 2007
World-Check, the leading provider of structured intelligence on heightened risk individuals and entities, announced today that by late 2004 it had already identified and profiled the most recent addition to the United Nations' 1267 sanction list.
On August 27, 2007, the UN's Al-Qaida and Taliban Sanctions Committee approved the addition of Abdelmalek Droukdel to its consolidated list. According to the UN, Droukdel is a member of the organization of Al-Qaida in the Islamic Maghreb and a warrant for his arrest was issued by the tribunal at Tizi-Ouzou (Algeria) in January 2005. The UN confirmed that the tribunal recently sentenced him in absentia to life imprisonment.
World-Check can confirm that its analysts first profiled Droukdel, an Algerian national, as early as September 2004. Droukdel was first profiled under the alias of Abu Mossab Abdelouadoud -- one of 10 aliases World-Check has since uncovered -- when he was appointed as the leader of the Salafist Group for Preaching and Combat (GSPC). According to reports the GSPC (now known as the al-Qaeda Organisation in the Islamic Maghreb) is on the U.S. list of foreign terrorist groups and pledged allegiance to al Qaeda in 2004.
Liberte, an Algerian daily newspaper reported on the 22nd of March this year that Droukdel and 7 others had been convicted by the Algerian Court of Tizi-Ouzou of "forming an armed group, destruction of public property with explosives and attempted theft." The UN has recently confirmed the sentencing of Droukdel. Anti-terrorism units have reportedly been pursuing the former GSPC's leader who is still at large.
In terms of the UN sanctions list, Member states are required to follow certain measures in connection with any individual or entity associated with Al-Qaida, Osama bin Laden and/or the Taliban. These measures, according to the UN's website, include: freezing funds and financial assets of the named individual; a travel ban preventing the entry or transit of those named through their territories, and an arms embargo preventing the sale or assistance related to military activities to these individuals.
Being ahead of an official sanction list once again underscores the reason why World-Check's database is the early warning system of choice for thousands of financial institutions and regulatory government agencies across the globe. In terms of terrorism intelligence, World-Check's Terrorism and Insurgency Research Unit (TIRU) far out-performs even the four most authoritative government sanctions issuing bodies in the world. Having surpassed 20,000 terrorism related profiles, World-Check's intelligence capacity outweighs that of the US OFAC, Bank of England, the EU and the UN. Collectively these bodies held approximately 800 profiles as of May 2007.
John Solomon, Global Head of TIRU, said: "These numbers reflect the tremendous work World-Check's army of researchers undertakes to alert our customers to risk. That's the World-Check mission and fulfilling that mission by helping to keep terrorists like Droukdel out of the banking system is its own reward.
"Continually outpacing governments and sanctioning bodies by several years is just an added bonus," he said.
World-Check is committed to providing crucial intelligence and innovative tools to assist its client institutions in avoiding unnecessary reputation and financial risk. World-Check however also recognizes its social responsibility and obligation to assist in combating the devastating effects of terrorism globally. "We are proud that once more we were able to alert our clients, in this instance 3 years ahead of official sanctions lists, to the risk individuals like this pose by providing them with accurate and comprehensive data, that they could utilise to make informed decisions thereby avoiding serious regulatory issues," said David Leppan, World-Check founder and CEO.
World-Check provides its global database of heightened-risk individuals and businesses to more than 2000 institutions, including 46 of the world's 50 largest financial institutions and hundreds of government agencies. 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 Politically Exposed Persons (PEPs), money launderers, fraudsters, terrorists and sanctioned entities - plus individuals and businesses from over a dozen other high-risk categories. World-Check's database and tools find direct application in financial compliance, anti-money laundering (AML), Know-Your-Customer (KYC), 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