KYC News, Inc., March 31, 2005

INSIDER TALKING - MARCH 31, 2005

…The crude marketing fraud being committed by England & Wales-registered, Know Your Customer database provider Global Objectives Ltd., doing business as World-Check, that has been highlighted in previous editions of OffshoreAlert continues unabated and, for a second time, a target of its fraudulent activity is the United States Department of Homeland Security. Visitors to World-Check's recently re-designed web-site will no doubt be impressed by a quote from a "DHS Press Release" endorsing World-Check as a solution for detecting financial criminals. Alas, like other information in World-Check's promotional material, it is made up. An analysis of how the fabricated quote – "World-Check Provides Assistance to Department of Homeland Security in Fight Against Terrorist Financing, Money Laundering" – ended up as a Homeland Security endorsement of World-Check offers an insight into the mind of World-Check's boss, David Leppan, who is as dishonest as many profiled in his firm's database. On December 13, 2004, World-Check issued a press release claiming that Homeland Security "is using" its database "to help sort existing federal banking and immigration-related data to detect potential terrorist and criminal activities". Fifteen days later, Homeland Security issued a statement that it was "not" using World-Check and had no plans to. Undeterred, World-Check then extracted its own headline from its own press release in which no-one was quoted other than its own CEO, placed it in quotation marks on its own web-site, and attributed it to a third-party, i.e. Homeland Security…