U.S. Businesses Using World-Check Intelligence on Narcotics Traffickers and Organised Crime in Mexico Avoid Serious Penalties

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By knowing who they were doing business with up to seven years ahead of official sanctions, World-Check clients have avoided the consequences for companies violating the Drug Kingpin Act ranging from civil penalties of $1.075 million, criminal penalties for corporate officers of up to 30 years in prison and fines of $5 million.

World-Check risk intelligence has helped multinational companies avoid doing business with narcotics cartels and their associates by profiling 41 traffickers, blacklisted by the U.S Treasury yesterday, as far back as 2003.

By knowing who they were doing business with up to seven years ahead of official sanctions, World-Check clients have avoided the consequences for companies violating the Drug Kingpin Act ranging from civil penalties of $1.075 million, criminal penalties for corporate officers of up to 30 years in prison and fines of $5 million.

"Our research teams created in-depth profiles on these individuals and their associates between 2003 and 2009, which includes Mexican army lieutenants and high-ranking leaders of the Gulf Cartel," said Daniel Peak, Chief Executive Officer of World-Check. "Mexico is the third largest trading partner with the U.S. and our track-record of consistently identifying risky business partners and relationships in the region has proven vital to our clients doing business in Latin America."

The 41 individuals were named by the Office of Foreign Assets Control in a list of 54 Specially Designated Narcotics Traffickers (SDNT) for their ties to the Los Zetas organisation and Gulf Cartel. The sanctions aim to cut off access to U.S financial systems and block trade with U.S companies and individuals, effectively freezing all assets relating to the designated individuals and companies.

About World-Check

Trusted by more than 3,800 institutions in over 160 countries, including 49 of the world's top 50 banks, World-Check offers an end-to-end solution for assessing, managing and remediating financial, regulatory and reputational risks. World-Check's global database of Politically Exposed Persons (PEPs) and heightened risk individuals and entities, due diligence reports, passport verification and country risk assessment tools provide the means to address the full spectrum of risk across all markets and industries. Represented across five continents, World-Check's international research team monitors emerging risks in more than 50 languages, covering over 240 countries and territories worldwide.

For more information visit http://www.world-check.com/
Media Relations:
Marion Willson
World-Check Media Desk
E-mail: mw2(at)world-check(dot)com

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Marion Willson
World-Check
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