Legal / Law News: Chechen leader profiled by World-Check 5 years ahead of OFAC designation

The US Office of Foreign Assets Control (OFAC) issued notice on Tuesday last week (29 June 2010) that Doku Umarov, the Chechen leader, has been added to its Specially Designated Nationals (SDN) list. Mr Umarov has been profiled by World-Check since 2005, a further illustration of just how World-Check intelligence is providing thousands of organizations with early warning on potential risks.

(PRWEB) July 5, 2010 -- Doku Umarov is thought to be one of the most influential Chechen separatist warlords in the Caucasus region and he is one of Russia’s most wanted rebels. He served as Chechnya’s security minister during its short-lived independence between 1996 and 1999 and he is also believed to be responsible for several high-profile rebel raids.
Daniel Peak, Chief Executive Officer of World-Check, commented, “The inclusion of Mr Umarov on the World-Check database five years before his designation on the OFAC list is yet another example of the excellence and reach of our research capabilities.”
“We have over 400 researchers based in 10 centres around the world. It is our policy to recruit local language speakers and we are able to research in over 50 languages. We also have specialized research units, focused on areas such as organized crime. This outstanding capability gives us coverage across all the countries in the world, ensuring that we provide our clients with carefully researched and targeted intelligence.”
“We continue to grow our research team and carefully appraise the quality of our output. We have deliberately set the bar high - our research teams and the research they provide to our clients are unparalleled in our industry.”
About World-Check

Trusted by more than 4 500 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 Politically Exposed Persons (PEPs) and 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.