Lloyds, the specialist insurance market, has chosen World-Check to meet its Due Diligence and Know Your Customer compliance needs. World-Check is the provider of intelligence on heightened risk individuals and entities to more than 2900 institutions in 161 countries.
“Lloyds is regulated by the Financial Services Authority and thereby we are committed to upholding and promoting the highest standards of ethical and responsible business,” says Andrew Wragg, senior manager, international market access at Lloyds. “World-Checks service provides risk information in a consolidated manner and we are confident that we are effectively mitigating risk in order to ensure compliance, prevent illegal activity and protect our reputation.”
World-Check has been at the forefront of Politically Exposed Persons research and KYC intelligence since its establishment in 2000, and as such has been providing the global financial services industry with unequalled risk relevant intelligence. Presently, more than 18,000 compliance and legal professionals worldwide rely on World-Check to perform their duties and functions.
“Our aim is to provide the financial services industry with a comprehensive solution that allows for instant access to relevant KYC and PEP information,” says David Leppan, founder and CEO, World-Check. “Not only can this service assist Lloyds in conducting a thorough and internationally recognized due diligence practice, but it frees compliance and management from reputational and business risk issues so they can focus on building business relationships.”