Shell companies are legal entities used for legitimate purposes or illicit activities like money laundering and tax evasion. They obscure ownership, making it challenging for compliance professionals to ensure AML regulations are met. … Read More
AML & KYC Checks
One API to Help Developers Streamline the Client Onboarding Journey
Manual, cumbersome and drawn-out client onboarding processes require multiple communications with the customer to collect and verify different identity documents. The result? Poor client experience, a high attrition rate, lost revenue and dissatisfied customers. In this new digital environment, clients expect a seamless onboarding journey and their patience for the time-consuming nature of traditional onboarding processes is fading fast. Read latest NorthRow blog to learn more. … Read More
Helping A Leading Estate Agent ensure AML & Right to Rent Compliance
Estate and lettings agents are under increasing pressure to implement risk mitigation strategies to ensure they are compliant with AML and Right to Rent regulations. NorthRow offers leading estate agents in the UK the ability to leverage cutting- edge technology to automate AML, KYC and IDV checks, streamlining the client onboarding journey. Learn more.
How APIs Can Transform Your Regulated Business
A growing number of regulated businesses today are now using data through API technology to drive growth, to improve operations and to help ensure compliance with multiple regulations. Read NorthRow’s list of the top benefits from API integrations that will transform your business. … Read More
Politically Exposed Person (PEP) | Low vs. high-risk
PEPs (Politically Exposed Persons) pose higher financial crime risks due to their positions. Effective PEP screening, enhanced due diligence, and compliance tools are essential to mitigate risks while enabling informed business decisions. … Read More
Top Compliance Trends You Need to Know for 2019
Money-laundering and compliance failures within large banks and institutions dominated the financial news in 2018. To help you not fall foul of the regulations in 2019, we have gathered a list of top 9 compliance trends this year and how they may impact how you do business. … Read More
Why do businesses need to do KYC AML checks?
The UK enforces strict AML and KYC regulations, requiring businesses to verify customer identities and monitor transactions. Compliance ensures protection against financial crimes and avoids penalties, with automation improving efficiency. … Read More