Adverse media screening helps identify customers linked to criminal activity, reducing financial, reputational, and regulatory risks. Automated tools enhance compliance by scanning global news, databases, and regulatory sources for potential threats. … Read More
Author Archives: Natalie Davies
This Month in Compliance: August 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. Despite being a month when many of us take to more relaxing … Read More
What is a Right To Work share code?
Right to Work share codes simplify verifying non-UK nationals’ work eligibility post-Brexit. Employers use these codes to access candidates’ work permissions, ensuring compliance with UK immigration laws and avoiding penalties. … Read More
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 to live or work in the UK. … 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
Stay informed on compliance trends with these top resources, including industry associations, news platforms, podcasts, and reports, offering guidance, insights, and updates for compliance professionals globally. … Read More