Providing an overview of the tools available to assist banks and financial institutions with carrying out due diligence checks on customers and transactions. In all major jurisdictions around the world, criminal legislation and regulation make it mandatory for banks and financial institutions to have arrangements to combat Money Laundering, with harsh criminal penalties for non-compliance.
Providing an overview of the tools available to assist banks and financial institutions with carrying out due diligence checks on customers and transactions. In all major jurisdictions around the world, criminal legislation and regulation make it mandatory for banks and financial institutions to have arrangements to combat Money Laundering, with harsh criminal penalties for non-compliance.

ABOUT COUNTRY-CHECK
World-Check recently launched Country-Check, a proprietary jurisdictional risk index that aggregates Political, Financial and Criminal risk factors to rank 'overall' risk for 244 countries and territories worldwide.

Engineered to meet international market demand for a holistic risk analysis tool that objectively ranks country risk, Country-Check is the fruit of extensive collaborations between some of the UK’s leading mathematicians, statisticians and expert computer programmers.

The Country-Check Master Index is aggregated from more than 167 credible data sources across the full risk spectrum, providing institutional risk assessors with a holistic jurisdictional risk perspective. Featuring both risk ranking and customisable multi-band risk profiling functionalities, Country-Check provides a transparent and methodologically verifiable model for country-specific risk assessment.

The system's default 5-band setting can be adjusted to either a 2-band or a 3-band configuration. The banding system provides more transparency regarding a country’s risk classification, whilst the inclusion of uncertainty and probability measures provide aids in the interpretation of the factors driving the system’s findings.

According to Country-Check Project Manager, Ridzwan Aminuddin, the development process had to take cognisance not only of challenges of systemic objectivity, but also of the divergent risk sensitivities associated with users' individual industries. The latter consideration was addressed by enabling users to customise the system's Weight Sets.
  1. "The Beta Launch of Country-Check is a milestone moment for institutional risk management," said David Leppan, CEO and Founder of World-Check, "It is our belief that Country-Check's global scope and all-encompassing risk approach will add tremendous value to foreign jurisdictional risk assessment and due diligence activities across the board. As the leading global provider of structured risk intelligence, it made strategic sense for World-Check to expand our risk management offering, and Country-Check is the result."
Find out more about how this Country Risk Index aggregates 'overall' jurisdictional risk, or view the official Country-Check launch press release.

Visit www.country-check.com for more information
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