A data giant used by major banks to check for red flags had to pay hundreds of thousands of pounds in legal costs for wrongly flagging a businessman as a terrorist. World-Check Risk Intelligence is used to search for regulatory red flags ranging from terrorism, crime or political exposure but has faced a string of complaints over its database. However, The Telegraph can reveal that the company behind it had to pay nearly £200, 000 in legal fees after libelling Mehmet Baltaci, a London-based busi
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2023-07-22 00:00:00.0