In the fight against bribery, corruption and money laundering, Governments around the world are increasing their scrutiny of all regulated businesses. To comply, all regulated businesses have to check whether their customers are politically exposed persons (PEPs) or sanctioned and to continually monitor their customer-base for any changes in status.
At NorthRow we are continuously improving our single API solution to ensure our clients have access to the highest quality data and most innovative solution on the market to maximise, efficiency, to improve client experience and to help mitigate business risk for regulated companies.
NorthRow has recently improved our PEPs and Sanctions monitoring functionality further.
Key Features Include:
- Easy to add people and companies automatically to your monitoring list
- Obtain alerts whenever there is a key change in the status of any monitored person or company, and details of that change so that you can rapidly assess the risk and take any action accordingly
- Access a full audit record of checks made and any change in status that has been identified
- Easily demonstrate your continued compliance with the regulations
Automate Your PEPs & Sanctions Checks
Streamline your Politically Exposed Persons (PEPs) and Sanctions compliance with instant online checks, which screen against a multitude of global and domestic databases in one go. NorthRow’s single API lead solution will help you increase the efficiency of client onboarding whilst protecting your business against the threat of non-compliance.
Operate in the knowledge that your business is implementing robust due diligence processes, so you are able to make informed and compliant business decision on who you do business with.
On-going PEPs Sanction Monitoring
On-going PEPs and Sanction monitoring is a critical component of your compliance with the 4th Money Laundering Directive. At NorthRow, we understand that ensuring these are performed regularly can be a resource strain for many organisations.
Maintaining up-to-date compliance checks becomes effortless with our ongoing monitoring feature. Our solution removes the need to manually schedule compliance monitoring updates, allowing your teams to focus on other priorities.
NorthRow can add both individuals and businesses to be screened against the PEPs and Sanction databases automatically as you onboard each client, allowing you to relax in the knowledge that you are continually working with trusted partners and customers. We will check for changes daily and alert you immediately when we receive an update to suggest a change in circumstance to any current customer so that you can make an informed decision on how to proceed.
Key Checks Include:
- Advanced screening
- Adverse Media
- Current and Previous Sanctions
- Disqualified Director
- Financial Regulator
- Politically Exposed Person
- Law enforcement
NorthRow is growing fast, with a clear focus on investment and innovation. NorthRow’s expert knowledge of the universe of tools and datasets available, how we bring them together and aggregate them to provide real-time checks and monitoring on people, companies and ID documents, enables us to select the best tools and data and apply them to address our clients’ challenges.
Get Started Today
Get started today If you want to automate PEPs & Sanctions monitoring, streamline client onboarding and reduce false positives.