Recent legal action taken by the Finsbury Park Mosque against
Thomson Reuters has highlighted the reputational harm that can be
caused if you are wrongly added to World-Check's database.
Registered in London, World-Check was originally founded in 1999
to meet the KYC requirements of the Swiss banking community. The
company, acquired by Thomson Reuters in 2011, has grown since that
date and it now reportedly has in excess of 10,000 subscribers
including the majority of the world's banks and financial
institutions, as well as major law and accountancy firms. It is
also worth knowing that this it is not the only such provider of
this service.
The World-Check Data Protection registration entry (on the
ICO's website) describes the service as "a database of
heightened risk individuals and companies and politically exposed
persons which our clients screen their own customers against before
entering into transactions with such customers in order to prevent
and detect
