How do you think the public would react if it were discovered that your bank harbored an account for an arms dealer involved in the bombing of a government Embassy?

WorldCompliance can help you manage such reputational risk. Our Arms-Dealing module contains the profiles of international arms dealers. The information derives from official sources such as the FBI, EuroPol as well as from international media sources and is presented to you in profile form.

Would you like to accept a client who is wanted by Interpol?

This module, called Global Black List, is an aggregated list of terrorists and most wanted criminals that includes the OFAC list, yet goes beyond it. The module contains profiles from individuals and companies that are black-listed by competent authorities like OFAC, FBI, Bank of England, United Nations, Financial Action Task Force, Interpol, to name but a few.

How do you ensure today that none of your clients is a Most Wanted Figure?

The FBI shares information with the public by maintaining 7 lists, ranging from Most Wanted Terrorists to Monthly Fugitives. WorldCompliance monitors these lists on a weekly basis and incorporates relevant information into its detailed profiles.The FBI list at WorldCompliance contains nearly 2,000 names of individuals or related companies.

Are you certain that no associate of a suspected or convicted drug-trafficker is amongst your clients?

Our drug-trafficking module contains the profiles of drug traffickers, their family members and their close associates, including dates of birth, photographs and other potential identifiers. Worldwide media and governmental sources are constantly monitored and used to compile information and build extensive profiles on this topic.

Do you want to reduce your risk of accepting a client who uses your firm to launder money?

PricewaterhouseCoopers established in its 2003 crime survey that money laundering is one of the most feared economic crimes facing financial institutions today. In fact, one out of every six banks have discovered money laundering in their insitution in 2001 and 2002.

Let WorldCompliance help you to succesfully meet this challenge. Our Money Laundering module compiles information from warnings by regulators, governmental agencies, court-cases, media reports and other sources. Information is presented in profile form to allow you to make quick and informed decision on the relevance of the data.

How do you determine whether one of your clients might be involved in fraud?

According to PWC's economic crime survey 2003 the average loss from fraud was US$ 2,199,930 per company. Surprisingly enough, 40% of such fraud is discovered from coincidence rather than systematic approaches. Thus, how do you protect your company?

WorldCompliance gives you comprehensive profiles on individuals and companies involved in fraud. In many cases a date of birth and a picture allow you the positive identification on the spot and relieve you from additional efforts.