London, UK - World-Check today announced the acquisition of IntegraScreen, a leading provider of due diligence services to corporations and governments worldwide.
With the addition of International Enhanced Due Diligence (IEDD) reports to its existing portfolio, World-Check is positioned to provide an end-to-end risk management service providing Know Your Customer (KYC) and Know Your Employee (KYE) identity authentication, reputation screening, customized country risk assessments and comprehensive due diligence reports for in-depth analysis, reporting and monitoring across multiple industries.
IEDD reports are specifically designed to cater to market needs and provide KYC and business partner screening that meets Anti Money Laundering (AML), anti corruption and Counter Financing of Terrorism (CFT) compliance obligations such as those required under the Foreign Corrupt Practices Act (FCPA), Sarbanes-Oxley Act (SOX) and the USA Patriot Act. Due diligence reports are essential when: conducting pre-merger and acquisition inquiries and pre-IPO research; entering into a new international joint venture; engaging a critical business partner in an emerging market; reviewing international hedge funds and implementing best practices for regulatory compliance and corporate governance.
Mr. Daniel Peak, Chief Executive Officer of World-Check said, "This acquisition was made possible through our continued success and ongoing quest to provide our clients with best-of-breed tools to cover all aspects of risk management. IntegraScreen's Due Diligence reporting service is a perfect addition to our existing product offerings, and will enable us to deliver enhanced value to clients who require 360 degree in-depth reporting before making essential business decisions. With offices in 19 locations across 10 countries and over 400 employees, our wider global research network and expanded coverage of emerging markets including the Middle East, Asia Pacific, Eastern Europe and Latin America will undoubtedly provide us with a leading competitive edge."
World-Check provides its global database of heightened-risk individuals and businesses to more than 3000 institutions in 162 countries, including 47 of the world's 50 largest banks and hundreds of government agencies. World-Check's database of known money launderers, terrorists, narcotics traffickers, shell banks and sanctioned entities among others is unparalleled in its depth, reliability and coverage. The risk-relevance of its Politically Exposed Person (PEP) coverage is also unsurpassed. World-Check's database is relied upon by institutions to enhance their Anti Money Laundering (AML) and Know Your Customer (KYC) screening, Enhanced Due Diligence (EDD), fraud prevention and Counter Terrorist Financing (CFT) systems by efficiently screening customers, associates, transactions and employees for potential risk. World-Check's intelligence also finds direct application in PEP risk screening processes. World-Check offers a downloadable data file for the automated screening of unlimited records, as well as a simple online service for instant entity screening.