WHAT IS Thomson Reuters World-Check?
Thomson Reuters World-Check, the trusted and accurate source of risk intelligence made available to help organizations meet their regulatory obligations, make informed decisions, and help prevent organizations from inadvertently being used to launder the proceeds of crime, or association with corrupt business practices …
What lists are included in World-Check?
Coverage includes:
- Politically exposed persons (PEP), close associates, and family members.
- State owned entities and state invested enterprises.
- Global sanctions lists.
- Narrative and implicit sanctions.
What is a World-Check profile?
World-Check creates and maintains a database of Politically Exposed Persons (PEPs) and heightened risk individuals and organisations. This database is used by organisations around the world to help to identify and manage financial, regulatory and reputational risks.
What type of business is Thomson Reuters?
Company Information Thomson Reuters Corp is a provider of business information services. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News and Global Print.
What do you know about KYC?
What is KYC? KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client’s identity when opening an account and periodically over time. In other words, banks must make sure that their clients are genuinely who they claim to be.
Does World-Check include adverse media?
The record shows all applicable sanction and watch list information, along with any additional negative media and relevant financial crime risk uncovered. The result is a database of structured and accurate information which helps protect your business from financial crime and regulatory and reputation risks.
What does the company Thomson Reuters do?
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and human expertise they need to find trusted answers.
What is World-Check blacklist?
World-Check is a database of Politically Exposed Persons (PEPs) and heightened risk individuals and organizations, used around the world to help to identify and manage financial, regulatory and reputational risk.
Why is KYC important in business?
The objective of KYC guidelines is to prevent banks from being used, by criminal elements for money laundering activities. It also enables banks to understand its customers and their financial dealings to serve them better and manage its risks prudently.
What is an adverse media check?
An adverse media check or adverse media screening is a broad-based media and press search of a candidate’s background via global electronic media sources.
What is Reuters mission statement?
Its mission is to inspire collective leadership, empowering people to shape free, fair and informed societies.
What is the purpose of Thomson Reuters?
Thomson Reuters “provides the intelligence, technology and human expertise you need to find trusted answers.” But, what does that mean exactly? We provide trusted data and information to professionals across 3 different industries: Legal; Tax and Accounting; and News & Media.
What does World-Check mean for Thomson Reuters?
“World-Check affirms and accelerates our commitment to deliver the information, software and services that help legal, compliance and risk professionals navigate an increasingly complex global risk and regulatory landscape,” said Jim Smith, chief executive officer, Thomson Reuters Professional Division.
What is World-Check?
World-Check will be part of the Governance, Risk & Compliance (GRC) business of Thomson Reuters, which provides global financial institutions, corporations and law firms with the information and tools necessary to navigate today’s heightened regulatory landscape.
Who can access the data in World-Check?
Our data is made available only to those who require it to carry out due diligence or other screening activities in accordance with their legal or regulatory obligations or risk management procedures designed to combat financial crime. See our World-Check privacy statement for more complete information.
Why choose Refinitiv World-Check?
Accurate risk intelligence to help you comply with financial crime legislation. Trusted by the world’s largest firms, World-Check simplifies day-to-day onboarding and monitoring decisions to help you meet regulatory obligations. Why choose Refinitiv World-Check?