Senior Banker Joins World-Check

London, UK (PRWEB) July 14, 2008

World-check, the leading global provider of intelligence on heightened risk individuals and entities today announced the appointment of Mr. Udo Karl Witte as advisor to its Europe, Middle East and Africa (EMEA) sales team, with a special focus on Germany.

Mr. Witte’s move to World-Check follows a successful banking career spanning thirty six years with Westdeutsche Landesbank, later WestLB, where he held various positions including assistant to the Chairman, Group AML Officer and positions in Credit, Group Audit, Treasury Control, Counterparty Limits, and Global Operations. Since 2006 he has consulted privately with banks and software companies operating in Europe.

Mr. Witte is the current chairman of the European Banking Industry Committee (EBIC) Working Group on Anti-Money Laundering and a Member of the Financial Action Task Force (FATF) working group for the Risk-Based Approach. He is regularly invited to address industry conferences and seminars, and has vast experience in consulting with organisations such as the Banking Authorities (BAFin) and with the Deutsche Bundesbank and the minimum requirements for Dealing Activities.

“It gives me great pleasure in welcoming Udo to the World-Check team. He is a seasoned banker with a proven service history in the European banking sector, and his vast experience and knowledge will complement and further strengthen our leading position” said David Leppan, CEO and Founder of World-Check. “Understanding and nurturing the needs of our clients in the banking industry is critical to our continued success and Udo’s appointment is valuable in helping us to continue building on our strong relationships within the industry.”

World-Check has achieved 12% client growth in the first quarter of 2008. Adding this talented and experienced industry expert to an already strong revenue-generating team will ensure World Check’s continued growth.

“Within the banking sector World-Check is widely regarded as the industry standard in the provision of risk intelligence. Since joining, I’ve been impressed with the depth of talent at all levels across operations, and the strong commitment World-Check has to assisting the compliance community”, said Udo Witte. “The company is growing at a tremendous pace, and I look forward to advising on strategic projects and initiatives within the banking and finance sectors.”

About World-Check

World-Check provides its global database of heightened-risk individuals and businesses to more than 2,800 institutions in 157 countries, including 47 of the world’s 50 largest financial institutions and hundreds of government agencies. The database is updated daily in real-time by an international research team and is derived from hundreds of thousands of public sources. World-Check offers market leading coverage on money launderers, fraudsters, terrorists, organised syndicates and sanctioned entities amongst others. In addition, World-Check tracks Politically Exposed Persons and their relationship networks, plus individuals and businesses from many other categories. World-Check offers a downloadable database for the automated screening of an entire customer base, as well as a simple online service for quick customer screening. A 98% client renewal rate bears testimony to the unparalleled depth, reliability and coverage of this database.

###



Tags: , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]