Sim Card Fraud … Read More
Identity verification
What is the difference between a Beneficial Owner and an Ultimate Beneficial Owner of a company?
Beneficial ownership refers to individuals who enjoy the benefits of ownership, even if not legally named. Identifying Ultimate Beneficial Owners (UBOs) is crucial for combating financial crime, money laundering, and regulatory compliance. … Read More
What is right to work compliance in the UK?
In the UK, every employee has to prove their right to work in the country under the Immigration, Asylum and Nationality Act. It is a criminal offence for an employer to employ an individual who does not have the permission to live or work in the UK. … Read More
The UK Digital Identity and Attributes Trust Framework: What is it and What Does it Mean for Compliance?
Cases of identity theft are on the increase. According to the UK’s fraud prevention body, Cifas, nearly 500 identities are stolen in the UK every single day. As such, the government wants to develop a secure digital ID service that … Read More
Compliance Cost of Amber Management
A world of binary results of either pass or fail, (Green or Red) would be nirvana; but that just isn’t realistic. There will always be cases that require further due diligence before you safely commit to onboard, or continue to interact with the customer, or not. Ambers are those cases that fall between the ‘accept’ or ‘decline and cause your business a challenge. … Read More
Building Societies Digital Transformation
Digital transformation projects have been fast-tracked for Building Societies Learn more now. … Read More
Why is ultimate beneficial ownership verification important?
Ultimate Beneficial Ownership (UBO) is vital for compliance and financial crime prevention. NorthRow’s tool simplifies UBO verification, enhancing accuracy and efficiency. … Read More
What is a configurable risk-based regulatory rules engine?
Risk-based regulatory rules engines streamline client onboarding, enhance operational efficiency, and future-proof compliance processes. These systems automate data verification, reduce false positives, and ensure seamless, regulatory-compliant client journeys. … Read More
Remote Identity Verification
The challenge for regulated firms is to provide remote and seamlessly onboarding experiences for their clients, without compromising their security and compliance obligations. Does there need to be a trade-off between delivering compliance with speed and convenience? In this article we summaries a discussion between Adrian Black, NorthRow’s CEO, and Andrew Bud (CBE), iProov’s CEO, as they delve into this topic. … Read More
Client lifecycle KYC management: Taking a holistic approach
Client lifecycle KYC management streamlines onboarding, verification, monitoring, and remediation processes, ensuring compliance, efficiency, and enhanced due diligence, while automating tasks to improve accuracy and reduce operational costs. … Read More