World-Check Launches Counter-Terrorism Financing Newsletter.
World-Check's terrorism intelligence briefing (T-brief) is a free, monthly newsletter which features news, information and expert analysis on terrorism related individuals and businesses, and the risk they pose to financial institutions. The T-brief aims to promote awareness of anti-money laundering (AML) and counter-terrorism financing (CFT)) developments including details of emerging issues and expert opinion.
The first edition will feature Part One in a series of articles by John Solomon, Head of World-Check's Terrorism and Insurgency Unit. Entitled "Trends in Terror", the series will expose ways in which terrorist groups are financing their activities. Part one will examine how the unregulated sector is being increasingly targeted by terrorist groups.
International initiatives to curb and deter terrorism have intensified over the past few years by targeting its funding and procurement structures. As part of its efforts in raising awareness on global CFT initiatives, World-Check is committed to sharing terrorism-related risk news and advice with its clients and the broader community. The T-brief will form an integral component of this endeavour by bringing together a host of information pertinent to developing AML and CTF frameworks and systems.
The T-brief extends World-Check's two existing newsletter offerings namely, the iBrief and "From a Different Angle" by Financial Crime Consultant Kenneth Rijock. Since their introduction these intelligence alert newsletters have grown to a combined circulation of more than 20 000 subscribers that include compliance officers and industry related practitioners working in the client screening fields of Know Your Customer (KYC) and Due Diligence systems. The newest addition is specifically aimed at assisting those individuals who work in the CTF field.
"It is extremely rewarding to know that whilst providing crucial intelligence and innovative tools to assist our client institutions in avoiding unnecessary reputation and financial risk, we are also making a positive contribution in terms of creating a database that assists international CTF efforts" said David Leppan, CEO and founder of World-Check. "The popularity of World-Check's two existing e-newsletters has encouraged us to develop this additional one, which I believe meets the specific needs of the compliance, AML and CTF communities. We have found the newsletters to be an extremely important information tool, and we strongly encourage our clients and those interested in receiving the most current CTF news to sign-up to this targeted, high frequency and expert content newsletter".
Building on the tremendous successes of World-Check's Terrorism and Insurgency Research Unit (TIRU), which has to date identified and profiled more than 20 000 high risk individuals and businesses associated with terrorism related activities worldwide, World-Check has developed the T-brief to keep its clients and the broader community of compliance and related professionals abreast of latest news and developments in CTF efforts. The ultimate goal is to keep terrorists out of the financial system and World-Check's structured intelligence on terrorism related risk aims to do just this. World-Check's researchers use an analytic method that highlights risk, identification and funding information. Discerning terrorist financing "signatures" or patterns of specific terrorist organisations is a core task as well as mapping relationships among various overlapping transnational criminal networks.
World-Check provides its global database of heightened-risk individuals and businesses to more than 2000 institutions, including 46 of the world's 50 largest financial institutions and hundreds of government agencies. The database is updated daily in real-time by World-Check's international research team, and is derived from hundreds of thousands of public sources. Coverage includes Politically Exposed Persons (PEPs), money launderers, fraudsters, terrorists and sanctioned entities - plus individuals and businesses from over a dozen other high-risk categories. World-Check's database and tools find direct application in financial compliance, anti-money laundering (AML), Know-Your-Customer (KYC), PEP screening, enhanced due diligence (EDD), fraud prevention, government intelligence and other identity authentication, background screening and risk-prevention practices.
World-Check offers a downloadable database for the automated screening of an entire customer base, as well as a simple online service for quick customer screening.
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