Customer identity and verification (ID&V) processes are a critical part of compliance for regulated businesses. These checks are designed not only to meet regulatory requirements but also to protect businesses from fraud, secure customer information, and improve the overall user … Read More
Author Archives: Natalie Davies
Remote onboarding made easy: Vet and verify directors in 5 steps
Learn how to simplify remote onboarding with a 5-step director verification process. Streamline compliance, reduce risks, and ensure secure onboarding from anywhere. … Read More
Remote director verification for KYB: What compliance teams need to know
The rise of digital business has reshaped how companies approach compliance, particularly in verifying the identities of directors during Know Your Business (KYB) checks. As regulatory expectations grow and financial criminals grow more sophisticated, verifying the identity and legitimacy of … Read More
Modern tools and strategies helping companies identify UBOs in complex corporate structures
Regulated firms in the UK know all too well the challenges of identifying Ultimate Beneficial Owners (UBOs). The task has grown more of a headache as corporate structures become increasingly sophisticated, often spanning multiple jurisdictions and using layers of legal … Read More
Identifying Ultimate Beneficial Owners: Why is it so challenging?
Uncovering Ultimate Beneficial Owners (UBOs) is a crucial part of tackling financial crime, but it’s not without its challenges. At the heart of these challenges are complex corporate structures. Shell companies, trusts, and multiple layers of ownership can easily hide … Read More
The top 10 indicators of potential hidden ownership and how to address them
Hidden ownership structures can create serious challenges for regulated firms, especially in industries where transparency is non-negotiable. These arrangements are often carefully crafted to hide illicit activities, muddying the waters for compliance teams and regulators alike. Not only does this … Read More
Spotting red flags in UBO identification
Identifying the true owners behind a company is one of the key challenges in Anti-Money Laundering (AML) compliance. As businesses grow more complex, tracing who actually controls them can be difficult. Behind the scenes, some entities work hard to mask … Read More
NorthRow partners with IDVerse
NorthRow partners with IDVerse to streamline onboarding and compliance with advanced AI-powered identity verification NorthRow, the leader in Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) software, has today announced its partnership with IDVerse, the specialists … Read More
3 ways complex corporate structures are used to obscure true ownership
Understanding who really owns a company is becoming a significant challenge for firms. With regulatory requirements on the rise and corporate structures growing more sophisticated, pinpointing the Ultimate Beneficial Owner (UBO) of a corporate client is far from simple. To … Read More
Ultimate Beneficial Owners, ultimate consequences: 5 headline fines for non-compliance
Explore five major fines for UBO non-compliance and learn why corporate ownership identification is key for avoiding penalties. … Read More