Non-US Firms Offered ‘Corruption’ Database

TFP, a division of Thomson Media is to market Miami-based World Compliance’s due diligence database to the financial services industry throughout Europe, the Middle East, Africa and Asia/Pacific. The database contains profiles about Politically Exposed Persons (PEPs), suspected or known terrorists, drug-traffickers, arms-dealers, money launderers, financial fraudsters and other white collar criminals. ‘This is not just a PEP-database reducing the risk of corruption,’ said Brent Newman, director of Global Product Data for TFP. ‘It also allows banks to reduce their risk of inadvertently participating in money laundering and fraud.


Related reading

New consumer banking head for Citi Asia Pacific