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In today's business world it is imperative to take a risk based approach to
compliance. Inappropriate or non-existing procedures for customer due diligence
have resulted in direct and indirect losses for many organizations.
WorldCompliance offers an exceptional value proposition to anyone with a need to
mitigate regulatory and reputational risk. Implement your risk based approach
and direct your due diligence efforts based on the risk of your organization,
allowing you to streamline and structure your due diligence more efficiently.
In today's zero-tolerance environment with high fines and potential criminal
charges, such a risk based approach is the key to controlling compliance costs
and mitigating risk.
WorldCompliance has solutions that go beyond minimum legislative and regulatory
requirements. However, despite setting an industry standard, we understand that
your compliance needs are evolving too. Which is why we always listen to our
clients needs and constantly improve our solutions and thus your protection.
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Twenty-four hour online access to WorldCompliance.com - powered by metwatch name
matching. The annual membership allows you to perform manual searches on names
of individuals and companies. It is ideal for organization with smaller volumes
of due diligence screenings and often chosen by by private bankers, law firms,
enforcement, realtors, broker dealers and private investigators.
Contact for more info
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Ideal for organizations with up to 20,000 customers who want to screen their
client database in an automated fashion. Smart Client Screening (SCS) allows
you to host the WorldCompliance database on your intranet, enabling you to
integrate it into your in-house systems. You can retrieve updates at your own
customized frequency, ranging from 24 times daily to less often. Updates will
be delivered via an xml webservice or a secure ftp site. SCS can be delivered
as a pure database for integration purposes or as a turnkey solution,
containing DataScout name matching algorithm and progressive supression
technology (PST) to reduce the noise of false positives.
Contact for more info
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SCS plus is ideal for the medium to large organization, wanting to screen
clients in an automated fashion. The pure database can be integrated in your
AML or core system and kept up to date via XML web service. Alternatively, you
can order a turnkey solution with DataScout name matching filter, PST and
amr-technology. Accelerated-match-resolution (amr) is a reverse online access
to worldcompliance.com enabling you to quickly and efficiently resolve each
match and distinguish between false positives and true matches. Amr also gives
you access to WorldCompliance enforcement library, which contains actions and
warnings from more than 300 enforcement agencies, international courts
and is a must-have for organizations requiring the ultimate in
customer due diligence.
Contact for more info
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Our Enforcement Library is an exclusive feature which is part of the annual
membership or the SCS plus. It allows you to review red flags that are issued
by more than 300 regulators from around the world, including warnings by
financial authorities, courts, regulators, in North America, Europe, the Middle
East, Asia, Latin America, Australia, and elsewhere. It contains the original
documents that are issued by those authorities enabling you to make a sound and
informed business decision as to whether your client might pose risk to you.
Contact for more info
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