NorthRow

Due diligence for high value dealers

Combat diverse clientele by monitoring behaviours and implementing CDD

Protect your luxury goods business against money laundering risks with an integrated, secure, and fully scalable KYC/KYB and ID&V solution to manage the complex regulatory landscape and stay a step ahead of illicit finance threats.

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Coverage
high net worth individuals verification

The biggest AML challenges for high value dealers

SOURCE OF FUNDS VERIFICATION

Confirming the origin of funds is particularly challenging for HVDs who deal with customers from overseas.

CLIENT VERIFICATION AND DUE DILIGENCE

Ensuring accurate KYC and KYB can be difficult, especially if customers are unwilling to provide accurate information.

REGULATORY COMPLEXITY

High-value dealers may struggle to implement necessary adjustments to their AML frameworks.

LARGE TRANSACTIONS

HVDs are especially vulnerable to the risks associated with large cash transactions. 

INEFFECTIVE DUE DILIGENCE

Many HVDs struggle with effective CDD because of resource constraints, particularly in small firms.

ADAPTING TO EVOLVING THREATS

Failing to adapt risk assessments effectively means that HVDs could miss key red flags.

£10,000 +

cash transactions reported to HMRC

23%

of UK HVD businesses report AML challenges

£12,000 +

is deemed high-value in many jurisdictions

25%

beneficial ownership definition in the EU​

£243 M

recovered in asset confiscation (UK 2024)

How NorthRow helps

Simplify the identification of ultimate beneficial owners (UBOs) while performing effective CDD on clients

Automate KYC and KYB, Enhanced Due Diligence (EDD), and ongoing monitoring, freeing you up to focus on client services while keeping your business fully compliant with global AML regulations.

Streamlining onboarding with PEP and sanctions screening

Instantly verify and assess clients against global PEPs and sanctions lists, ensuring compliance with CDD and EDD requirements, while significantly reducing onboarding times.

Customisable risk profiles for enhanced fraud detection 

Customise rules based on the client’s risk profile and behaviour to ensure accuracy and relevancy in detecting suspicious activities, while enhancing fraud prevention.

Integrating KYC and KYB for effortless compliance

Seamlessly integrate KYC and KYB processes with automated ID checks, document verification, and data matching, creating a complete AML compliance workflow.

high value dealers

Fraudsters are always changing how they’re going to perpetrate crimes and work out how to spot weaknesses in a company’s infrastructure. If a business has a risk register and is just leaving it for twelve months, it just isn’t going to work – that’s where continuous investment comes into play.

Claire Maillet

Claire Maillet

Fraud Product Manager (Europe) at Vanguard 

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Flawless Onboarding

Automate customer due diligence for seamless onboarding

Instantly verify clients against global PEP and sanctions lists, ensuring that every transaction is safe and sound alongside automated checks reduce manual labour and human error.

monitoring peps and sanctions
banking ID verification
Instant Assurance

Enhance onboarding with seamless KYC and ID verification

Improve your onboarding process with seamless ID verification, including biometric and document checks, ensuring every client is thoroughly vetted.

Tailored Protection

Customisable risk management for every client

Tailor your compliance strategy with a risk-based approach that adapts to your unique needs by effortlessly configuring risk thresholds and automate scoring.

KYB risk appetite and rules

Impact in numbers: effortless AML compliance for HVDs

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

Centralise compliance cases

Unite all compliance processes within a single platform to enhance operational efficiency with a centralised dashboard and suite of reporting tools.

Simple audit trails for transparency

Maintain a comprehensive audit trail of all compliance activities with ease ensuring full transparency of every interaction, status change, and risk score.

Automated screening with rich data

Take advantage of extensive data sources to seamlessly automate the screening process for PEPs, sanctions, and adverse media, ensuring thorough due diligence.

Artscapy
artscapy

Helping Artscapy to safeguard their collectors against fraudulent activities and undue risk.

Artscapy looked for a partner to support the delivery of comprehensive Know Your Customer (KYC), Know Your Business (KYB), Identification and Verification (ID&V), and AML checks with a consistent approach for their clients.

Read their story

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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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