NorthRow

AML compliance for forex firms

Ensure compliance and reduce risk with accurate KYC & KYB

Navigate the complexities of global trading regulations, verify client and business identities across borders, and protect against money laundering and fraud in the highly regulated and fast-moving currency exchange market.

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Coverage
foreign exchange header KYC

Join other foreign exchange companies who are staying ahead of regulations and onboarding new clients with accurate data.

The biggest AML challenges for forex firms

COMPLIANCE WITH AML LAWS

Firms must implement robust KYC, KYB, and monitoring processes to detect and prevent financial crimes.

CLIENT VERIFICATION AND DUE DILIGENCE

Forex firms must vet each client’s identity and financial background, applying extra scrutiny to high-risk clients.

CROSS-BORDER TRANSACTIONS

Verifying cross-border transactions is challenging due to the complexity, especially in high-risk regions.

A LACK OF ONGOING CDD

Some forex firms neglect ongoing CDD, leaving them vulnerable to changing client profiles and emerging risks.

PREVENTING LAYERING IN MONEY LAUNDERING

It’s often challenging to trace and flag suspicious patterns without advanced monitoring.

CROSS-BORDER COMPLIANCE

Forex firms must navigate diverse AML regulations across jurisdictions, staying updated on FATF rules and local laws.

£6.1 TN

daily trading volume in the forex market

£644 BN

daily turnover of the EUR/USD pair

£948 BN

daily turnover in the U.S. forex market

88.5%

forex trades involving the U.S. dollar

£18.4 BN

IC Markets’ daily trading volume

How NorthRow helps

Instant client verification for streamlined due diligence, ongoing monitoring and FCA compliance

Verify new clients and partners in seconds with automated KYC and KYB checks, ensuring full FCA compliance and a seamless onboarding process without compromising speed.

All-in-one compliance solution for forex growth and security

In the fast-paced forex world, time is money, and compliance is critical. Our AML software delivers a smarter, more efficient way to stay compliant, prevent fraud, and secure your growth.

Clear ownership structure insights for business onboarding

Get clear, verifiable ownership insights when onboarding a business client, ensuring compliance and helping you avoid potential pitfalls while building trust from day one. 

Smarter operations powered by intelligent automation

Simplify compliance with automated checks that replace manual verifications, streamlining your process to make operations more efficient and fully compliant with regulatory standards.

fx KYC

Too often, compliance teams are still relying on outdated tools. Would you use Excel and Outlook to manage your sales or marketing teams? Likely not – you’d choose Salesforce or a more specialised solution. So, why settle for less when it comes to running your compliance operations?

forex expert

Ben Mason

Founder, My Compliance Centre 

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Assess AML Risk

Meet KYB and KYC compliance requirements with confidence

Save your team hours of manual work on KYC and KYB onboarding checks. Automated due diligence means your compliance team can focus on high-value tasks.

foreign exchange liveness check
WorkStation UBO checks and verification
Grow Your Business Globally

Instantly verify and onboard global companies

Verify corporate identities in seconds by checking registration, ownership, and beneficial owners against trusted databases, global watchlists, sanctions, and PEPs in real-time.

Global Compliance

Seamless ID verification for every type of client and scenario

Run secure ID verification checks that are quick and efficient. Say goodbye to manual checks and hello to real-time ID verification that help protect your forex business from fraud.

ID&V process

Impact in numbers: elevating compliance for forex 

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

Streamlined client onboarding

Speed up onboarding with fast, automated KYC, KYB, and ID verification, enhancing client experience while ensuring all regulatory boxes are checked.

Round-the-clock monitoring 

Effortlessly keep up with client status and risk changes. Our software monitors client profiles in real-time, ensuring you’re compliant with the latest AML requirements.

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Global compliance simplified

Grow into global markets and operate across different jurisdictions, complying with various AML regulations without worrying about this complex compliance initiative.

forex screen
GMO-z

Helping GMO-Z.com distinguish themselves by providing a fast and seamless onboarding experience.

As one of the world’s largest retail forex providers by volume, GMO-Z.com chose NorthRow to deliver a completely digital onboarding experience for its clients whilst adhering to the highest compliance standards.

Read their story

Foreign Exchange 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.

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