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We will promptly review databases to assess PEP, sanctions, reputational, and other compliance risks, adjusting the profile of a person or company accordingly.
CHECKING AND ADJUSTING
WORLD-CHECK and DOW JONES
What is WORLD-CHECK?
World-Check is an online database that compiles information on individuals and entities with increased risk. If a company or individual is under sanctions, connected to sanctioned entities, has PEP status, is involved in corruption scandals, or has legal issues, this information is likely recorded in World-Check.
World-Check gathers information from open sources like online media and closed sources such as Interpol lists. You can learn more in our database. Why might you need a World-Check review? This procedure can save significant time and money by identifying risks, ensuring compliance, and preventing business with high-risk entities.
WHY CHECK WORLD–CHECK?
Checking potential clients and counterparties in World-Check before starting cooperation is an industry standard in banks, insurance and migration providers. Using World-Check in the compliance procedure is not a mandatory requirement from regulatory authorities. However, the trust in World-Check is so great that the presence of records about an individual or company in this database may be a stop factor for the compliance service, even if the client or counterparty has passed the check according to all other criteria. As a result, the presence of a person's profile in World-Check may lead to the following negative consequences:
Refusal to open bank accounts
Freezing assets and blocking transactions
Refusal to obtain a residence permit, visas and citizenship
1. Reducing the Risk of Denial for Financial and Migration Services
After refusals from banks or migration providers, typically 4-6 months must pass before reapplying. It's more efficient to spend an hour on a World-Check review beforehand. If issues are found, you can take steps to amend World-Check entries or online materials, boosting your success chances. This proactive approach is better than facing a refusal and losing potential opportunities for months. Avagard's Global multidisciplinary team has extensive experience in successfully deleting and adjusting records in World-Check and open sources to facilitate passing financial and migration compliance.
Foreign counterparties often require local businesses to comply with foreign sanctions laws, develop internal compliance policies, and assess potential clients and partners for sanctions status. With increasing sanctions pressure, these requirements are becoming a priority.
In foreign markets, understanding the potential consequences of partnerships is crucial. World-Check verification helps reduce sanctions, regulatory, and business risks as part of compliance procedures.
In foreign markets, understanding the potential consequences of partnerships is crucial. World-Check verification helps reduce sanctions, regulatory, and business risks as part of compliance procedures.
2. REDUCING REGULATORY AND REPUTATIONAL BUSINESS RISKS
HOW ELSE CAN AVAGARD GLOBAL BE USEFUL?
In addition to World-Check by Refinitiv, there are two more popular compliance databases:
- WorldCompliance by LexisNexis
- Risk & Compliance by Dow Jones
They resemble World-Check in terms of functions and structure, and in some cases the information contained in the databases is no different, but there may be exceptions. They also differ in specialization - for example, LexisNexis has a greater focus on legal entities. There are individual banks and financial institutions that use these two databases, rather than World-Check.
Depending on the customer's needs, Avagard Global can check both World-Check and LexisNexis and Dow Jones.
- WorldCompliance by LexisNexis
- Risk & Compliance by Dow Jones
They resemble World-Check in terms of functions and structure, and in some cases the information contained in the databases is no different, but there may be exceptions. They also differ in specialization - for example, LexisNexis has a greater focus on legal entities. There are individual banks and financial institutions that use these two databases, rather than World-Check.
Depending on the customer's needs, Avagard Global can check both World-Check and LexisNexis and Dow Jones.
CHECKING INFORMATION IN LEXISNEXIS AND DOW JONES
AVAGARD GLOBAL
Database check
Database check
World-Check may sometimes inaccurately reflect reputational and compliance risks, as it often relies on open sources, which can include false media reports. Records may also be incorrect due to misinterpretations of sanctions or laws.
These issues provide grounds to request deletions, but successful removal requires thorough legal work and a well-reasoned appeal supported by documentation. Avagard's Global lawyers have experience in correcting or deleting such records in World-Check for individuals and entities.
These issues provide grounds to request deletions, but successful removal requires thorough legal work and a well-reasoned appeal supported by documentation. Avagard's Global lawyers have experience in correcting or deleting such records in World-Check for individuals and entities.
WORLD-CHECK ADJUSTMENT
AVAGARD GLOBAL
World–Check remove
World–Check remove
Avagard's Global experts can conduct a comprehensive compliance audit, mirroring the checks performed by financial and migration institutions. This allows for an accurate assessment of potential decisions by Western organizations, with detailed risk reduction recommendations by our lawyers.
We can also evaluate your potential clients or counterparties for compliance with regulatory, reputational, and business standards. The audit's depth depends on customer needs and includes checks of World-Check, LexisNexis, Dow Jones, PEP lists, sanctions, blacklists, and open sources. We assess the overall compliance profile of an individual or entity, considering current legislation, FATF guidelines, and international banking practices.
We can also evaluate your potential clients or counterparties for compliance with regulatory, reputational, and business standards. The audit's depth depends on customer needs and includes checks of World-Check, LexisNexis, Dow Jones, PEP lists, sanctions, blacklists, and open sources. We assess the overall compliance profile of an individual or entity, considering current legislation, FATF guidelines, and international banking practices.
DEEP
COMPLIANCE AUDIT
AVAGARD GLOBAL
Compliance Audit
Compliance Audit
World-Check gathers information from various sources, including general search results. Compromising media articles, false or negative social media posts, and mentions of ties with the certain countries can all lead to inclusion in World-Check, resulting in account refusals, transaction and asset blocks, as well as denials of residency, permanent residence, and alternative citizenship.
Avagard Global experts have successfully implemented numerous projects to neutralize and remove compromising information and negativity for large entrepreneurs, top managers, and brands globally. We have achieved results for Forbes list participants and leading enterprises in their industries, specializing in the most challenging cases.
We employ a full range of legal, marketing, and IT tools to mitigate negativity, including SERM and de-indexing.
Avagard Global experts have successfully implemented numerous projects to neutralize and remove compromising information and negativity for large entrepreneurs, top managers, and brands globally. We have achieved results for Forbes list participants and leading enterprises in their industries, specializing in the most challenging cases.
We employ a full range of legal, marketing, and IT tools to mitigate negativity, including SERM and de-indexing.
Removing and Neutralizing Negativity on the Internet
AVAGARD GLOBAL
Digital profile
Digital profile
Team Avagard Global
The Avagard Global team comprises highly professional experts with experience in the compliance departments of major international banks, such as Citi, and Deutsche Bank, as well as in top international law firms like Herbert Smith.
Confidentiality
The absence of confidentiality risks is a key criterion in choosing tools to solve customer problems. We never disclose our customers to third parties, and all employees have signed confidentiality agreements.
Team Avagard Global
The Avagard Global team comprises highly professional experts with experience in the compliance departments of international banks, such as Citi and Deutsche Bank, as well as in top international law firms like Herbert Smith.
Confidentiality
The absence of confidentiality risks is a key criterion in choosing tools to solve customer problems. We never disclose our customers to third parties, and all employees have signed confidentiality agreements.
Additionally, owners and beneficiaries of large businesses, as well as top managers of corporations, seek our assistance.
Forbes list members trust Avagard global
