World-Check is a comprehensive database developed to help organizations manage financial, regulatory, and reputational risk. Initially founded in 2000 to meet the risk mitigation needs of the banking sector, it has since expanded its reach to various industries worldwide. World-Check was acquired by Thomson Reuters in 2011 and later became part of Refinitiv after Thomson Reuters sold a majority stake to The Blackstone Group in 2018.
World-Check’s primary function is to provide detailed profiles of individuals and entities that might pose a risk to financial institutions and other businesses. These profiles are used in due diligence processes to comply with “Know Your Customer” (KYC), anti-money laundering (AML), and countering the financing of terrorism (CFT) regulations. The database includes information from a variety of sources such as global sanctions lists, regulatory and enforcement lists, and adverse media.
The World-Check platform is continuously updated by a team of researchers and analysts who monitor emerging risks in more than 60 languages across 240 countries and territories. The information is structured and de-duplicated to facilitate easy integration into various compliance and risk management systems, whether in-house or cloud-based.
World-Check One, a solution within the platform, offers enhanced capabilities for customer due diligence, including batch screening and ongoing monitoring, helping organizations to streamline their risk management processes. It is used by over 5,400 clients worldwide, including top banks, enforcement agencies, and corporations, ensuring they stay compliant with evolving regulatory requirements.
For more detailed information on World-Check, you can visit the Thomson Reuters and LSEG websites.
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