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World-Check

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World-Check is a database of politically exposed persons (PEPs) and 'heightened risk' individuals and organizations. World Check formed part of the Thomson Reuters Risk Management Solutions suite before being transferred to Refinitiv after a merger deal with The Blackstone Group in October 2018.

History

World-Check was founded in 2000 by David Leppan and registered in London. In 2008, World-Check launched Country-Check, an index which ranks over 240 countries and territories worldwide in terms of risk.

In 2009, World-Check acquired IntegraScreen. In 2011, World-Check received independent assurance under the International Standard on Assurance Engagements ISAE 3000. Also in 2011, Thomson Reuters acquired World-Check for their governance, risk management, and compliance unit. In October 2018, Thomson Reuters closed a deal with The Blackstone Group and, as a result of this merger, World-Check is owned by Refinitiv.

Partnerships

World-Check is used by several financial firms, such as Lloyd's of London since 2008, Maecenas, and SAI Global as a risk management partner.

Controversies

False claims

In 2017, World-Check admitted that the Palestine Solidarity Campaign should never have been placed on their database at all, and specifically, should not have been associated with terrorism. World-Check agreed to pay compensation and apologize to Finsbury Park Mosque.

In 2017, Quilliam founder Maajid Nawaz was found to have been listed as a terrorist in World-Check following an investigation by Vice. Thomson Reuters subsequently removed his name from the list, apologized, and paid an undisclosed amount in damages as part of the settlement following the threat of a lawsuit by Nawaz.

See also

References

  1. "Access World-Check Data".
  2. ^ "Thomson Reuters closes deal with Blackstone, rebrands as Refinitiv - The TRADE". www.thetradenews.com.
  3. "News | World-Check Acquires IntegraScreen | Spectrum Equity". www.spectrumequity.com.
  4. "Lloyd's selects World-Check for due diligence and KYC compliance". Finextra Research. July 31, 2008.
  5. "Third-Party Risk Management and Thomson Reuters World-Check". www.saiglobal.com.
  6. "Palestine Solidarity Campaign Removed from World-Check Terrorist Listing". International Middle East Media Center. July 2017.
  7. "Van attack shatters calm at mosque with a troubled history". Financial Times. 20 June 2017. Retrieved 21 June 2017.
  8. "VICE News Reveals the Terrorism Blacklist Secretly Wielding Power over the Lives of Millions". news.vice.com. 4 February 2016.
  9. "Press Release – Maajid Nawaz Wins Legal Battle Against Thomson Reuters World Check – Quilliam". www.quilliaminternational.com. Archived from the original on 2017-11-20.
  10. "Exclusive: Secret Blacklist Grows Even After Journalists Placed on 'Terror' List Are Paid Off". www.vice.com. 18 October 2017.

External links

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