Automating the KYB process offers a transformative solution for organisations looking to streamline operations and enhance their due diligence efforts. By embracing automation, businesses can not only save time and reduce human error but also scale their operations effectively while maintaining the quality of their compliance efforts. … Read More
CDD
How often should we undertake customer due diligence (CDD) for a client?
Customer Due Diligence (CDD) ensures compliance with regulations by verifying customer identities, assessing risks, and monitoring activities. It mitigates financial crime risks through ongoing reviews, risk-based approaches, and regulatory adherence. … Read More
What is Enhanced Due Diligence (EDD)?
Enhanced Due Diligence (EDD) investigates high-risk customers, addressing money laundering or terrorism financing risks through advanced checks, ongoing monitoring, and automation, ensuring compliance and mitigating financial crime efficiently. … Read More
What is the Biggest Challenge to Property Onboarding Today?
Northrow (a Contego Solutions business) provide automated AML, KYC and Identity Verification to some of the uk’s leading estate agents. Northrow helps ensure a fast, secure and compliant onboarding process. We have the largest databases of screening information available in the UK, enabling comprehensive checks on buyers, sellers, tenants, landlords and id documents – all in a matter of seconds and all via a single API. … Read More