World-Check Compliance Seminar in Stockholm to Feature Best Practise for Combating Money Laundering

LONDON - World-Check, the leading provider of end-to-end risk management services, will be presenting a seminar in Stockholm, Sweden on 12 October. Tailored for practitioners tasked with compliance obligations required by the EU 3rd Anti Money Laundering Directive, the key note speaker at the event is Kenneth Rijock, a former money launderer and banking lawyer turned financial crime consultant.

With more than 25 years of experience in the field, Mr. Rijock consults with law enforcement and the financial services industry, and assisted the first joint Swiss-American investigation of bankers and lawyers, which resulted in a major seizure of the proceeds of crime. Full details of the event are available on the World-Check website www.world-check.com

The EU Directive was implemented in Sweden in March 2009 by the Anti-Money Laundering Act, “AMLA”. A significant requirement of the directive is a move towards a risk-based approach for the prevention of money laundering. Identifying individuals and gauging the potential risks of doing business with them has been one of the greatest compliance requirements regulated institutions around the world have had to meet. Understanding the scope of the challenge and the nature of the risks to be identified is critical. World-Check’s database of heightened risk individuals and entities, IntegraScreen reports for due diligence and Country-Check for assessing geographic risk complement the risk based approach, and reduces exposure to both financial crime and action by law enforcement agencies and regulators.

SEMINAR DETAILS

Date: 12 October 2009

Venue: Hotel Birger Jarl Stockholm

Time: 09:00 -13:00

About World-Check

Trusted by more than 3,800 institutions in over 160 countries, including 49 of the world’s top 50 banks, World-Check offers an end-to-end solution for assessing, managing and remediating financial, regulatory and reputational risks.

World-Check’s global database of heightened risk individuals and entities, due diligence reports, passport verification and country risk assessment tools provide the means to address the full spectrum of risk across all markets and industries. Represented across five continents, World-Check’s international research team monitors emerging risks in more than 50 languages, covering over 240 countries and territories worldwide.

For further information, journalists are invited to contact Marion Willson, Media Desk (mw2@world-check.com)

www.world-check.com/

Source: World-Check

Marion Willson, +44-(0)208-099-7263 mw2 at world-check.com