Data provider Refinitiv has agreed to remove profiles of four children from its World-Check database after their families claimed the listings violated UK data protection laws. The children, aged eight and 17, were designated as relatives of "politically exposed persons" involved in Serbian politics, potentially putting them at risk of being denied banking services.

Owned by the London Stock Exchange Group since a $27bn acquisition in 2021, Refinitiv initially defended the lawsuit by explaining the children were grandchildren of prominent Serbian politicians. The company claimed Bogoljub Karić had a "particularly high-risk" profile under EU sanctions, though the family disputed allegations about property purchases in Dubai.

The settlement requires Refinitiv to delete standalone records while allowing the names to appear on grandparents' profiles without PEP labeling. This case highlights ongoing concerns about the accuracy of financial databases used for compliance, with critics arguing such systems can unfairly "debank" individuals through "dirty data" and incomplete records.