Facial recognition software is used to verify a person’s identity based on their facial features – but what exactly is it? … Read More
Author Archives: Chris Bourne
What is an MLRO?
Money Laundering Reporting Officers (MLRO) oversee a firm’s compliance with anti-money laundering and terrorist financing requirements. … Read More
5 ways to help prevent financial crime
Organisations from all industries from around the world are facing ever-increasing challenges to prevent financial crime and other fraudulent actions taking place. Fraudsters are constantly evolving their techniques and target the weaknesses in processes. One process weakness could affect an … Read More
International company coverage brochure
NorthRow’s breadth of international company coverage is greater than that offered by any single data supplier, and we are one of the very few UK- based firms that has an intelligence-sharing agreement with law enforcement agencies. … Read More
Client onboarding brochure
NorthRow’s company and individual onboarding solutions enhance customer experience, increase sales and improve regulatory compliance. … Read More
12 Benefits of Using KYC Software
Faster, easier and lower-cost digital channels have been adopted by regulated organisations to achieve new business growth. However, current regulatory requirements create a complex landscape, particularly when it comes to delivering the convenience of signing up through digital channels and the business is still using manual processes for Know Your Customer (KYC) identity verification. … Read More
Right to Work Checks: What Hiring Managers Need to Know
If you are an employer in the UK, it is mandatory to carry out Right To Work checks on every employee to ensure compliance with Home Office legislation to prevent illegal working.
Prior to employing any individual, a Right To Work check must be undertaken whether they are UK citizens, from overseas, or free from immigration control. … Read More
What is client due diligence (CDD) and how does it work?
When considering onboarding processes, there can sometimes be confusion between KYC and CDD because the terms are so closely linked. Simply put, KYC (Know Your Customer) checks tend to refer to those carried out at the beginning of a relationship, to initially establish and verify the identity of the subject you are onboarding. CDD (Customer Due Diligence), on the other hand, refers to the ongoing process of retaining confidence in the data you have collected, making any changes and identifying any issues that may be suspicious, and may require further investigation. … Read More
NorthRow brochure
NorthRow significantly reduces the administrative overheads associated with regulatory requirements, providing the ability to add workflows, automation and application integration to your processes. … Read More
The Future of Compliance: Digital Transformation Meets Regulation
Digital transformation is driven by growth opportunities, followed by increased competitive pressure and new regulatory standards. Digital Transformation (DT) is nothing new; it’s an industry in itself that has become diluted to a point where it has virtually lost its … Read More