(19 May 2011 – UK) World-Check the London-based financial crime and corruption prevention specialist has been acquired by Thomson Reuters.World-Check claims 49 of the world’s top 50 banks use its database of risky individuals and businesses to screen their customers, associates, transactions and employees.
With financial crime one of the fastest growing areas of regulatory risk for businesses, the acquisition boosts Thomson Reuters’ position in the market.
Thomson Reuters governance, risk and compliance (GRC) president David Craig, said that growing Thomson’s presence in the GRC sector is a key strategic priority and the addition of World-Check will extend that presence in the important and fast-growing financial crime and corruption prevention segment.
The firm, which employs around 500 people in 11 locations around the world, will continue to be led by current CEO and former Thomson alumni Dan Peak as part of Thomson Reuters’ GRC business.