Chris Bourne, Author at NorthRow

5 ways to help prevent financial crime

Posted by Chris Bourne on 03/03/2023 | Featured

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

Tags: Compliance, Financial Crime, KYC

International company coverage brochure

Posted by Chris Bourne on 20/02/2023 | Featured

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

Tags: International Coverage

Client onboarding brochure

Posted by Chris Bourne on 03/01/2023 | Featured

NorthRow’s company and individual onboarding solutions enhance customer experience, increase sales and improve regulatory compliance. … Read More

Tags: Client Onboarding

12 Benefits of Using KYC Software

Posted by Chris Bourne on 26/09/2022 | Featured

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

Tags: Client Onboarding, KYC, KYC Checks, RegTech

Right to Work Checks: What Hiring Managers Need to Know

Posted by Chris Bourne on 23/09/2022 | Featured

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

Tags: Checks, Employee Right to Work Check, Right to Work

What is Ongoing Customer Due Diligence (CDD)?

Posted by Chris Bourne on 19/09/2022 | Featured

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

Tags: Customer Due Diligence, KYC

NorthRow brochure

Posted by Chris Bourne on 03/08/2022 | Featured

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

Tags: AML, Client Onboarding, KYB, KYC, Regulatory Compliance, Right to Work

The Future of Compliance: Digital Transformation Meets Regulation

Posted by Chris Bourne on 17/06/2022 | Featured

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

Tags: Digital Transformation, Regulatory Compliance

What Can We Learn about Money Laundering from Ozark?

Posted by Chris Bourne on 19/05/2022 | Featured

Popular fictional Netflix drama, Ozark depicts the dramatic shift in the career of Marty Byrde. From family friendly, but disengaged Financial Advisor to, at one point, being the Acting Head of the second largest drug cartel in Mexico. Marty and … Read More

Tags: AML, Money laundering

Author Archives: Chris Bourne