KYB process

Maximising efficiency: The KYB process explained

The KYB (Know Your Business) process refers to the procedures and checks that businesses undertake to verify the identity and legitimacy of their customers or business partners. It involves gathering information and conducting due diligence to ensure compliance with regulations and mitigate risks. … Read More

How often to undertake customer due diligence

How often should we undertake customer due diligence (CDD) for a client?

CDD stands for Customer Due Diligence. It is a process that financial institutions and certain businesses use to verify the identity of their customers and assess their risk profile in order to prevent money laundering, fraud, and other financial crimes. … Read More

Enhanced Due Diligence (EDD)

What is Enhanced Due Diligence (EDD)?

Today, every regulated business should be confident that it knows who it is dealing with through both CDD and, where required, Enhanced Due Diligence. … Read More

What is the Biggest Challenge to Property Onboarding Today?

What is the Biggest Challenge to Property Onboarding Today?

Northrow (a Contego Solutions business) provide automated AML, KYC and Identity Verification to some of the uk’s leading estate agents. Northrow helps ensure a fast, secure and compliant onboarding process. We have the largest databases of screening information available in the UK, enabling comprehensive checks on buyers, sellers, tenants, landlords and id documents – all in a matter of seconds and all via a single API. … Read More