Thomson Reuters Acquires World-Check
Thomson Reuters, an information source for businesses and professionals, has acquired London-based World-Check, a provider of financial crime and corruption prevention information. World-Check provides information that profiles entities and individuals and is used in the due diligence processes of the international business community.
World-Check will be part of the governance, risk and compliance (GRC) business of Thomson Reuters, which provides global financial institutions, corporations and law firms with the information and tools necessary to navigate today’s heightened regulatory landscape. Chief executive officer (CEO) Dan Peak will continue to lead the World-Check executive team, and will report to David Craig, president, GRC.
“Growing our presence in the GRC sector is a key strategic priority for Thomson Reuters, and the addition of World-Check will extend our presence in the important and fast-growing financial crime and corruption prevention segment,” said Craig.
Earlier this year, the company introduced Thomson Reuters Accelus – a suite of information, software and services for professionals in compliance, audit, legal, mergers and acquisitions, and risk functions in an organisation.