World-Check
{{Short description|Database}}
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}}World-Check{{cite web | url=https://www.lseg.com/en/data-analytics/financial-data/risk-intelligence/world-check-records | title=Access World-Check Data }} 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.{{Cite web|url=https://www.thetradenews.com/thomson-reuters-closes-deal-blackstone-rebrands-refinitiv|title=Thomson Reuters closes deal with Blackstone, rebrands as Refinitiv - The TRADE|website=www.thetradenews.com}}
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.{{cn|date=September 2022}}
In 2009, World-Check acquired IntegraScreen.{{Cite web|url=https://www.spectrumequity.com/news/world-check-acquires-integrascreen|title=News | World-Check Acquires IntegraScreen | Spectrum Equity|website=www.spectrumequity.com}} In 2011, World-Check received independent assurance under the International Standard on Assurance Engagements ISAE 3000.{{cn|date=September 2022}} 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,{{Cite web|url=https://www.finextra.com/pressarticle/22675/lloyds-selects-world-check-for-due-diligence-and-kyc-compliance|title=Lloyd's selects World-Check for due diligence and KYC compliance|date=July 31, 2008|website=Finextra Research}} Maecenas,{{when|date=September 2022}} and SAI Global{{when|date=September 2022}} as a risk management partner.{{Cite web|url=https://www.saiglobal.com/en-au/risk/vendor_risk/third-party_risk_management_and_thomson_reuters_world_check/|title=Third-Party Risk Management and Thomson Reuters World-Check |website=www.saiglobal.com}}
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.{{Cite web|url=http://imemc.org/article/palestine-solidarity-campaign-removed-from-world-check-terrorist-listing/|title = Palestine Solidarity Campaign Removed from World-Check Terrorist Listing |date = July 2017 |publisher=International Middle East Media Center}} World-Check agreed to pay compensation and apologize to Finsbury Park Mosque.{{cite news|title=Van attack shatters calm at mosque with a troubled history|url=https://www.ft.com/content/d31780c4-550a-11e7-9fed-c19e2700005f|accessdate=21 June 2017|publisher=Financial Times|date=20 June 2017}}
In 2017, Quilliam founder Maajid Nawaz was found to have been listed as a terrorist in World-Check following an investigation by Vice.{{Cite web|url=https://www.vice.com/en/article/vice-news-reveals-the-terrorism-blacklist-secretly-wielding-power-over-the-lives-of-millions/|title = VICE News Reveals the Terrorism Blacklist Secretly Wielding Power over the Lives of Millions|website=news.vice.com| date=4 February 2016 }} 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.{{cite web |url=https://www.quilliaminternational.com/press-release-maajid-nawaz-wins-legal-battle-against-thomson-reuters-world-check/ |title=Press Release – Maajid Nawaz Wins Legal Battle Against Thomson Reuters World Check – Quilliam |website=www.quilliaminternational.com |url-status=dead |archive-url=https://web.archive.org/web/20171120095823/https://www.quilliaminternational.com/press-release-maajid-nawaz-wins-legal-battle-against-thomson-reuters-world-check/ |archive-date=2017-11-20}} {{Cite web|url=https://www.vice.com/en/article/exclusive-secret-blacklist-marking-innocents-as-terrorists-continues-to-grow/|title=Exclusive: Secret Blacklist Grows Even After Journalists Placed on 'Terror' List Are Paid Off|website=Vice.com|date=18 October 2017 }}
See also
References
{{Reflist}}
External links
- [https://www.refinitiv.com/en/products/world-check-kyc-screening World-Check] by Refinitiv
Category:Financial services companies established in 2000
Category:Open-source intelligence