Cryptocurrencies have become increasingly popular in the UK, with more people and businesses investing in digital assets. However, with the growth of the cryptocurrency market comes the risk of money laundering, terrorist financing, and other illicit activities. The risk and … Read More
AML Compliance
The FATF’s grey and blacklists: what are they and how do they impact compliance?
The FATF’s black and grey lists identify countries with AML/CFT deficiencies. Businesses must screen clients against these lists and implement enhanced due diligence to ensure compliance with global regulations.
What is Money Laundering?
Money laundering involves disguising illicit funds to appear legitimate. The process has three stages: placement, layering, and integration. Anti-money laundering (AML) regulations help businesses detect and prevent such activities. … Read More
Money Laundering and Compliance in the WealthTech Industry
Wealth Technology or WealthTech is a subset of FinTech that focuses primarily on wealth management. We review the Money Laundering and Compliance in the WealthTech industry and how NorthRow can help. … Read More
What Are the 7 Biggest Mistakes Firms Are Making When it Comes to PEPs & Sanctions?
There is still a great deal of confusion surrounding the client due diligence process.One area that causes the greatest confusion relates to the 4MLD approach to Politically Exposed Persons (PEPs) and Sanctions checks on individuals and entities. The following represent 7 main misconceptions relating to PEPS and Sanctions Compliance. … Read More