London, UK (PRWEB) August 26, 2008
World-Check, the leading provider of intelligence on heightened risk individuals and entities has reported continued steady client growth since May 2008, building its client base to now over 3000 client institutions.
Almost 20,000 compliance officers, terrorism analysts and regulated financial industry professionals worldwide now rely on our database to protect their institutions from suspicious financial criminal activities", said David Leppan, World-Check Founder and CEO. "Our primary investment goal for 2008 is to increase capacity in sales support, research development, client services, and management talent and the growing demand for World-Check, illustrated by a 20% client growth since January, is testament to these investments. This growth momentum and our ability to sustain high quality performance and continued client satisfaction confirms that we are on the right path. Furthermore, our impeccable 98% client renewal rate is an acknowledgment of our ability to consistently identify risk ahead of the curve, thus assisting clients in mitigating reputational, financial and regulatory risk."
"There are many things that make World-Check unique, amongst them of course, are the depth, relevance and cleanliness of our data, but perhaps the most important are the passion and the dedication that every one at World-Check shares for providing the best service possible to our thousands of users," said Laura Aboli, Chief Marketing Officer. "World-Check is a 'must-have' in compliance and risk departments across a wide range of sectors and we are very much aware that our customers rely on us to perform their duties effectively. Our renewal rate simply reflects the fact that we at World-Check have not for one moment forgotten this responsibility. We are honoured to be trusted by so many institutions and we remain as committed as always to delivering best of breed intelligence."
World-Check provides its global database of heightened-risk individuals and businesses to more than 3000 institutions in 162 countries, including 47 of the world's 50 largest financial institutions and hundreds of government agencies. World-Check's database of known money launderers, fraudsters, terrorists, narcotics traffickers, shell banks and sanctioned entities is unparalleled in its depth, reliability and coverage. The risk-relevance of its Politically Exposed Person (PEP) coverage is also unsurpassed. World-Check's database is relied upon by institutions to enhance their Anti Money Laundering (AML) and Know Your Customer (KYC) screening, Enhanced Due Diligence (EDD), fraud prevention and Counter Terrorist Financing (CFT) systems by efficiently screening customers, associates, transactions and employees for potential risk. World-Check's intelligence also finds direct application in PEP risk screening processes.
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.