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    Author Archives: Anton Zdziebczok

    workstation concept

    Introducing WorkStation

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    Introducing Workstation – the daily tool of choice for Compliance teams We recognise that our customers are under pressure to deliver digital transformation from many angles and are now looking for digital solutions to streamline their processes. Our new WorkStation … Read More

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    Simplify Beneficial Owner Verification with NorthRow

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    One of the biggest challenges for compliance officers when onboarding businesses, is identifying and verifying the Beneficial Owners behind those companies. Compliance teams often have to navigate through complex corporate structure webs to understand the true risk associated with a business client. At NorthRow we saw an opportunity to simplify this process. We have developed an identification tool that delves into the complex ownership structure of your target organisation and returns a straightforward table containing the only UBOs that you are required to screen. Read our latest blog to learn more. … Read More

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    EU Beneficial Ownership Data

    EU Beneficial Ownership Data

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    Three years after the 5AMLD adoption and more than a year after the deadline for transposing key measures at the national level, there is still a great deal more to do to ensure EU public beneficial ownership registers can be accessed easily across the Member States. … Read More

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    New! Insights from NorthRow

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    Knowing Your Customer is no longer sufficient. You need to be able to understand your customer in order to safeguard the business from risk exposure. … Read More

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    Compliance Cost of Amber Management

    Compliance Cost of Amber Management

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    A world of binary results of either pass or fail, (Green or Red) would be nirvana; but that just isn’t realistic. There will always be cases that require further due diligence before you safely commit to onboard, or continue to interact with the customer, or not. Ambers are those cases that fall between the ‘accept’ or ‘decline and cause your business a challenge. … Read More

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    Why Ultimate Beneficial Owner Verification is Important?

    Why Ultimate Beneficial Owner Verification is Important?

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    Ultimate Beneficial ownership verification and ongoing monitoring is now an essential component of the KYC onboarding and anti-financial crime procedures. However, peeling back the complex legal structures designed to conceal Ultimate Beneficial Ownership (UBO) represents a significant challenge. In this blog, we explore the confusion over multiple beneficial ownerships, the complexity share structures, understanding Trusts and how you minimise risk exposure when onboarding and monitoring UBOs. … Read More

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    Ongoing KYC Monitoring

    Ongoing KYC Monitoring

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    Effective ‘continuous KYC monitoring’ is essential for Compliance Officers if they want to stay ahead of the criminals and satisfy the regulators. During 2020 many firms expedited the digital transformation of the front end of compliance, at the point of onboarding, due to the global pandemic and the need to meet the demand for digital interactions. These investments should now be used across the entire customer lifecycle to avoid exposing their business to increasing levels of risk. In this blog we explore the importance of ongoing monitoring in 2021. … Read More

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    beacon

    Amber Management to Safeguard Compliance Risk

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    Protect Your Regulated Business with Amber Management to Safeguard Compliance Risk KYC monitoring and remediation KYC Monitoring and Remediation has become the ‘bete noire’ of many a compliance team. This is particularly the case with traditional regulated firms, who most … Read More

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    Configurable Risk-Based Regulatory Rules Engine

    Configurable Risk-Based Regulatory Rules Engine

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    The ever-evolving regulatory landscape in which firms operate in means client risk management is becoming more complex and time-consuming, ultimately impinging on the overall customer experience. To simplify the complexity of KYC onboarding and monitoring an agile risk-based rules engine is the answer.
    In this blog, we discuss why a highly configurable rules engine is critical to the customer experience, operational efficiency and future-proofing of your compliance processes. … Read More

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    Client Lifecycle KYC Management: Taking a Holistic Approach

    Client Lifecycle KYC Management: Taking a Holistic Approach

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    Managing your client’s data is more than a regulatory box-ticking exercise. An effective Know Your Customer (KYC) and Customer Due Diligence (CDD) compliance operation can deliver increased productivity and improved accurate risk-scoring, whilst reducing operational costs and a substantially improved customer experience. In this article, we explore the importance of implementing an efficient Client Lifecycle KYC Management process. … Read More

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    State of compliance trends report: download here

    Discover the latest insights and predictions to help your business effectively plan for the future while successfully addressing current compliance priorities and challenges.