KYC (Know Your Customer) and KYB (Know Your Business) are not one-hit processes for simply onboarding your customers at the outset of your relationship. In this eBook, we look at barriers and benefits of a proactive approach to continuous KYC/KYB. … Read More
AML
The crucial role NorthRow plays in the payments industry
Anti-Money Laundering (AML) requirements are increasingly stringent for payment processors. It’s critical that firms understand their obligations. But also, how collaboration between the front, middle and back office should not be a blocker for the business. … Read More
5 essential steps for KYC onboarding and AML compliance
KYC onboarding costs firms $28.5M annually, yet money laundering exceeds $800B globally. Effective digital KYC tools streamline compliance, enhance due diligence, and mitigate regulatory risks. … Read More
This Month in Compliance: August 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. Despite being a month when many of us take to more relaxing … Read More
The Metaverse and Money Laundering
In an effort to keep ahead of the game we’re constantly looking for the next big breakthrough, and we’re being told that ‘The metaverse’ is it. But is it really, and what effect will it have on AML professionals and … Read More
A New AML Register for Property Firms: The Register of Overseas Entities
On August 1st, the UK Government released a new public property register to attempt to put a dent in the £100bn of ‘dirty money’ that gets laundered through the UK every single year. The Register of Overseas Entities requires any overseas … Read More
Spotting The Signs Of Money Laundering in Property Transactions
Firms from across the real estate sector were fined £190,000+ in 2021 for failing to comply with money laundering regulations. In information publicly available from HMRC, with the highest fine a crippling £52,000. With penalties being issued for failures in … 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
This Month in Compliance: July 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. In July, momentum continued to gather behind the ‘metaverse’. At Money 20/20 … Read More