Tell us a bit about yourself.
“
The system efficiently and effectively completes our KYC and KYB verification requirements during onboarding.
Robin Kear
Senior Account Executive
Join other accountancy firms who have reduced their client onboarding risks to protect their practice.
CLIENT RISK ASSESSMENT
Accurately assessing the risk level of clients is challenging, especially with complex business structures.
COMPLEX REGULATORY REQUIREMENTS
Compliance is challenging for smaller firms lacking dedicated teams or resources to stay updated on legal changes.
CLIENT VERIFICATION AND DUE DILIGENCE
CDD and KYC requirements are challenging, particularly with complex ownership structures.
IMPACT OF THE ECCT BILL
Accountancy firms must conduct more detailed checks on corporate client ownership, increasing due diligence.
STAFF TRAINING AND AWARENESS
Training all staff, from partners to juniors, on AML risks and obligations is a major challenge.
REVIEWING POLICIES AND PROCEDURES
Firms often struggle to regularly assess the adequacy and effectiveness of their policies, controls, and procedures.
341
findings across 71 audits in 2024
91
high-impact linked to SARs and WFRA
50%
of findings were related to FWRA
65%
of accountancy firms use AML software
3.2x
Gather comprehensive data, navigate varying regulations across jurisdictions, and ensure continuous monitoring to build an accurate assessment and evaluation of client risks.
Balance dynamic risk profiling with client behaviour
Constantly monitor and review shifts in client activity, such as PEPs and sanctions or geopolitical conditions, to adjust their risk assessments accordingly.
Balance compliance and client relationships with automation
Automate repetitive AML tasks like KYC and KYB checks, ID verification, ongoing monitoring, and PEP screening, saving your firm hours of manual work every week.
Gain a deep understanding of complex business structures
Pinpoint corporate clients that operate through intricate ownership structures such as trusts, offshore entities or multiple subsidiaries across countless jurisdictions.
A lot of what we see is enforcement action for things like making improvements to the firm-wide risk assessments. Missing sectoral pieces or geography can lead to inadequate assessments, and regulators will provide guidance on how to improve it.
Gavin Ball
Co-Owner of HiveRisk Limited
Tell us a bit about yourself.
“
The system efficiently and effectively completes our KYC and KYB verification requirements during onboarding.
Robin Kear
Senior Account Executive
Save time with automated KYC and KYB checks, ID verification, and risk assessments for new clients – our software pulls from real-time global databases.
Our solution continuously monitors clients for suspicious activities after onboarding, providing automated alerts for red flags or risk profile changes.
Abandonment rate
Jurisdictions
Entities available
Documents supported
Daily news articles
False positive rate
Know your customer identification
Verify clients in seconds using biometric facial recognition and UBO data. Eliminate manual tasks across data sources with automated KYC processes aiding due diligence.
Effortless case management
A central compliance tool that delivers dynamic client records, provides MLROs and risk teams with full oversight, and ensures smoother internal and external audits.
Tell us a bit about yourself.
“
The system efficiently and effectively completes our KYC and KYB verification requirements during onboarding.
Robin Kear
Senior Account Executive
Automated screening with rich data
Take advantage of extensive data sources to seamlessly automate the screening process for PEPs, sanctions, and adverse media, ensuring thorough due diligence.
Open Banking sought a technology partner to streamline client onboarding for third-party developers accessing their network, ensuring comprehensive verification checks to maintain the highest security standards.
NorthRow integrates with lots of renowned global data providers, corporate registries and premium data sources, providing unrivalled access to the data your business needs.
Our key data providers are as follows:
Dun & Bradstreet who are leading company data and UBO database specialists, featuring over 500 million global company entities.
Lexis Nexis is our core provider of UK identity and address validation data, such as credit reference agency and electoral register data.
Acuris (often referred to as C6), is our core provider of risk data. Specifically for PEPs, sanctions and adverse media.
Creditsafe is our supplier for KYB/company data. Often used for corporate ownership and structure information. This includes company directors, shareholders and other interested parties as well as where a company is based and its business activities to help support identification of UBOs.
More information can be be found here.
From the moment we work together we hold your hand throughout the implementation process and continue through to ‘go live’.
Excellent customer service and continued support are all part of partnering with NorthRow. You can always email our support team on support@northrow.com if you have any queries.
All Premium and Enterprise package customers receive a dedicated account manager who will keep in touch to ensure you get the most out of our software.
Book your free demo of our ID&V, KYC, KYB, and AML compliance solution and discover how we’ve turned compliance into a competitive advantage for companies like Knight Frank, CloudPay, and Yorkshire Building Society.
Tell us a bit about yourself.
“
The system efficiently and effectively completes our KYC and KYB verification requirements during onboarding.
Robin Kear
Senior Account Executive
