As part of the UK’s exit from the EU, right to work legislation changed. Following these changes, right to work share codes were introduced to facilitate the process of verifying an employee’s right to work in the UK. Right to … Read More
Author Archives: Natalie Davies
What is right to work compliance in the UK?
In the UK, every employee has to prove their right to work in the country under the Immigration, Asylum and Nationality Act. It is a criminal offence for an employer to employ an individual who does not have the permission … Read More
Spotting The Signs Of Money Laundering in Property Transactions
Firms from across the real estate sector were fined £190,000+ in 2021 for failing to comply with money laundering regulations. In information publicly available from HMRC, with the highest fine a crippling £52,000. With penalties being issued for failures in … Read More
What is the Register of Overseas Entities and How Will it Impact Property Transactions?
In March of 2022, in the wake of the Russian invasion of Ukraine and amid rising concern about dirty money entering the UK originating from Russia, the Government fast-tracked the Economic Crime Act 2022 through Parliament. At its core, the main … Read More
Coffee with Innovate Finance Podcast: In Conversation with NorthRow
Our CEO, Adam Holden joins Innovate Finance’s Head of Member Policy & Public Affairs, Rolf Merchant in the first episode of season 3 of the Coffee with Innovate Finance podcast. In the episode, the pair discuss more about our new … Read More
Why are PEPs high-risk, or are they not all that bad?
In the regulation of financial services, a politically exposed person (commonly known as a PEP) is one who has been appointed to a prominent public function. These individuals may have been entrusted with a high-position by a community institution, an international body or state, within the last 12 months. … Read More
Remediation brochure
NorthRow’s remediation solution allows you to efficiently update, inaccurate or out-dated client data to ensure you continue to comply with all of the very latest regulation. … Read More
The 11 Best Resources for Compliance Professionals
With the regulatory landscape evolving so quickly thanks to new guidance and legislation, it’s important for compliance teams to make sure that they’re always staying on their toes. It’s also essential to make sure that you’re not getting information from … Read More
What is a shell company?
Most of us have probably heard the term ‘shell company’ used in press coverage of political corruption and financial crime. But what exactly is a shell company? What purpose do they serve? And what do shell companies mean for AML compliance? … Read More
Client suitability brochure
Financial brokers, banks, hedge funds, and other investment firms are obliged by law to carry out client suitability and appropriateness assessments along with full Know Your Customer (KYC) verification when trading with a range of global financial products. … Read More