World-Check Intelligence on Mexico Organised Crime Helps Multinationals Avoid Civil and Criminal Penalties

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From as early as 2008, World-Check began profiling three of the four individuals blacklisted by the U.S Treasury on the 9th of June 2010, for allegedly operating a drugs cartel in Mexico and the US.

With over 400 researchers tracking local and international sources in more than 50 languages, our global research capability is unequalled.

World-Check has once again provided early warning to multinational companies to help them avoid unwittingly doing businesses with a narcotics cartel. From as early as 2008, World-Check began profiling three of the four individuals blacklisted by the U.S Treasury on the 9th of June 2010, for allegedly operating a drugs cartel in Mexico and the US.

These latest Office of Foreign Assets Control (OFAC) Kingpin Act designations include two individuals and two entities linked to the international drug trafficking organization La Familia Michoacana. The action targets Wenceslao Álvarez Álvarez (who allegedly smuggled large amounts of cocaine and marijuana from Colombia and Mexico to the United States), his frontman Ignacio Mejia Gutierrez, and two organisations, Mega Empacadora de Frutas, S.A. de C.V. and Importaciones y Exportaciones Nobaro, S.A. de C.V.

World-Check researchers created an in-depth risk profile on Wenceslao Álvarez Álvarez in 2008. Further profiles covering his frontman Ignacio Mejia Gutierrez and business interest Mega Empacadora de Frutas, S.A. de C.V. were created in March 2009.

“By understanding the risk that these individuals and organisations might pose, up to two years ahead of the official blacklisting, our clients have avoided the consequences of violating the Drug Kingpin Act which include civil penalties of up to $1.075 million, criminal penalties of up to 30 years in prison and fines of up to $5 million” said Daniel Peak, Chief Executive Officer of World-Check. “With over 400 researchers tracking local and international sources in over 50 languages, our global research capability is unequalled. The size and quality of our specialist research teams enables us to consistently provide our clients with intelligence that identifies risky business partners and relationships around the world, months or years ahead of government sanctioning bodies.”

http://www.ustreas.gov/press/releases/tg738.htm

About World-Check
Trusted by more than 4,500 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/

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Marion Willson
World-Check
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