NorthRow

Global onboarding for cryptocurrency

Overcome cross-border frameworks and reshape crypto onboarding

Streamline crypto compliance across jurisdictions to effectively manage differing KYC and KYB requirements, minimising legal and financial risks while ensuring seamless adherence to diverse regulatory standards worldwide.

Request Demo
Coverage
cryptocurrency verification header

Join cryptocurrency firms such as Palisade Financials and Merkle who are ahead of compliance regulations and minimising risks.

The biggest AML challenges for the cryptocurrency space

ANONYMITY AND PRIVACY OF TRANSACTIONS

Cryptocurrencies offer pseudonymity, making it difficult to trace the identities of users involved in transactions.

LACK OF GLOBAL REGULATORY STANDARDISATION Cryptocurrency regulations vary widely across countries, with some enforcing strict KYC and AML rules.

COMPLEXITY IN IDENTIFYING BENEFICIAL OWNERS

Determining the true beneficial owners behind wallets or crypto assets can be challenging due to pseudonymity.

ONBOARDING AND DUE DILIGENCE COMPLEXITY

Conducting KYC and KYB checks on individuals and entities in crypto is difficult due to the global nature of users.

RAPID EVOLUTION OF CRYPTO-RELATED CRIMES

Criminals constantly find new ways to exploit blockchain, highlighting the need to detect suspicious activity.

CYBERSECURITY AND FRAUD RISKS

Protecting assets, data, and transaction integrity while adhering to regulatory security standards is a challenge.

560 M

people globally use cryptocurrency

79.2%

of users hold crypto as an investment

Q1 2024

saw £599.16 million worth of crypto stolen

£4.7 BN*

in AML-related fines for crypto in 2024

18%

AML software market growth in 2024

How NorthRow helps

Perform comprehensive crypto KYC checks and maintain continuous monitoring to address suspicious activity

Without robust AML and KYC/B processes in place, companies face significant fines and the potential for two-year prison sentences for MLROs and directors found non-compliant.

Maximise regulatory compliance for crypto exchanges

Ably onboard customers while performing robust AML and compliance checks, enabling secure and compliant trading of cryptocurrencies, digital assets, and other financial assets.

Boost security with crypto payment gateways

KYC/B is required for business and director verification in every merchant acquisition to meet FCA rulings, ensuring compliance and reducing the risk of fraud to safeguard against financial crime.

Unlock secure investments with tokenisation and KYC Checks

Tokenisation reduces the amounts needed to invest, requiring a greater number of customer onboarding and KYC checks on individuals, increasing accessibility.

crypto phone

The number of clicks a customer has to make to become a client has to be as low as possible, and there are solutions that can help with that. However, there needs to be strong compliance in place and behind the scenes, the work has to be robust to make sure any risk is managed. 

Yulia

Yulia Murat

Anti-Financial Crime Advisor

Request Demo
ID verification

Facilitate low-friction customer onboarding journeys

Results are delivered in real-time, including checks against PEPs and sanctions, legal events, adverse media, liveness checks, ID and address verification.

crypto peps and sanctions
payment services KYC workflow
Single Platform

One supplier for crypto KYC/B, AML and ongoing monitoring

Operate securely in a highly regulated environment by meeting the standards set by regulatory bodies and fostering trust with customers, investors, and partners.

Global Compliance

Navigate the complex and evolving cross-border landscape

Verify customer identities and assess risk across diverse jurisdictions, ensuring compliance with the unique regulatory requirements of each region.

risk appetite KYC

Impact in numbers: elevating compliance for crypto

We bring together global market-leading data sources and verification technologies into a single, simple interface, accessible anywhere, any time.

< 4%

Abandonment rate

220+

Jurisdictions

500m+

Entities available

13,000

Documents supported

1.5m

Daily news articles

< 2%

False positive rate

Early risk detection

Maintain a secure client base by identifying high-risk individuals or suspicious activities early, referencing client data with global watchlists, sanctions, and PEP lists.

Continue building reputation

Operate securely in a highly regulated environment by meeting the standards set by regulatory bodies and fostering trust with customers, investors, and partners.

Request Demo

Automated audit trails

Store and export information at a click of a button, while providing assurance that all data is held on a secure platform making it accessible for both internal and external audits.

cryptocurrency on phone
nemean icon

Supporting Nemean Services to achieve the highest standards of digital asset security.

Nemean Services can now organise and track our checks and cases far more effectively using WorkStation with the system, efficiently completing their KYC and KYB verification requirements during onboarding.

Read their story

Cryptocurrency FAQs

For all of your burning questions, take a look at our FAQs. Can’t find the answer to your question? Feel free to contact us directly and we’ll be happy to help.
What data providers do you use?

NorthRow integrates with lots of renowned global data providers, corporate registries and premium data sources, providing unrivalled access to the data your business needs.

Our key data providers are as follows:

Dun & Bradstreet who are leading company data and UBO database specialists, featuring over 500 million global company entities.

Lexis Nexis is our core provider of UK identity and address validation data, such as credit reference agency and electoral register data.

Acuris (often referred to as C6), is our core provider of risk data. Specifically for PEPs, sanctions and adverse media.

Creditsafe is our supplier for KYB/company data. Often used for corporate ownership and structure information. This includes company directors, shareholders and other interested parties as well as where a company is based and its business activities to help support identification of UBOs.

More information can be be found here.

What do you do with our data?
At NorthRow we take security very seriously, we adhere to the highest, rigorous standards for data, privacy and security compliance. The data you send us is only used to verify your client’s identities and businesses. We never use it for any other purpose. We send it to third parties to complete the checks, and we can share our list of sub-processors with you so that you have full transparency of how your data is used.
Where is our data held?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
How do you test your services?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
What about service availability?
NorthRow makes use of the Amazon Web Services and Microsoft Azure to ensure we do not have a single point of failure in our architecture. All the data we hold and the services we provide are backed up at regular intervals to protect against disruption or loss of data.
What support is included?

From the moment we work together we hold your hand throughout the implementation process and continue through to ‘go live’.

Excellent customer service and continued support are all part of partnering with NorthRow. You can always email our support team on support@northrow.com if you have any queries.

All Premium and Enterprise package customers receive a dedicated account manager who will keep in touch to ensure you get the most out of our software.

How fast can I be up and running?
Typically, we get our clients live within 14 days of them signing a contract.

We’ve worked with hundreds of regulated businesses. Let’s work together.

Book your free demo of our ID&V, KYC, KYB, and AML compliance solution and discover how we’ve turned compliance into a competitive advantage for companies like Knight Frank, CloudPay, and Yorkshire Building Society.

Request Demo
Packages