Checking company directors for Anti-Money Laundering (AML) is a pivotal step in ensuring the health, integrity, and legality of any business operation. It’s not just about ticking regulatory boxes; it’s about protecting the very essence of your company. AML checks … Read More
KYB
How automated KYB checks can help mitigate risk in your business
Customers are not only individuals, but businesses too. Anti-money laundering regulations instruct organisations to monitor and protect against suspicious activity. The main focus of the checks undertaken is to establish the identity and ownership of the company being dealt with, … Read More
What information is needed for a KYB check?
In this article, we discuss the importance of KYB checks and take a look at the documents required for conducting a compliant check. … Read More
The importance of Know Your Business (KYB) checks: best practices for compliance
As financial crime threats evolve, so does the importance of conducting Know Your Business (KYB) checks. In today’s business landscape, regulatory bodies expect compliance officers to conduct a comprehensive KYB check for each company they onboard to ensure compliance with … Read More
8 barriers and benefits for proactive KYB and KYC
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
How to Replace Manual Client Onboarding with Automated KYC/KYB
There has been rapid digital growth over the last two years, accelerated by the global pandemic. Consumers’ expectations are now higher than ever, and their patience is reducing – they expect to sign-up or be onboarded instantaneously. They also value … 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
What is the Register of Overseas Entities and How Will it Impact Property Transactions?
In March of 2022, in the wake of the Russian invasion of Ukraine and amid rising concern about dirty money entering the UK originating from Russia, the Government fast-tracked the Economic Crime Act 2022 through Parliament. At its core, the main … Read More
Know Your Customer (KYC) and Know Your Business (KYB) checks: What is the dfference?
Financial crime is rife. As dishonest individuals, or bad actors as we know them, develop new ways of committing economically-motivated transgressions, businesses have to ensure they keep pace in fighting their crimes. Know Your Customer (KYC) and Know Your Business … Read More
Streamline Know Your Business (KYB) and Ongoing Client Monitoring
If you are a regulated firm, business onboarding checks can be painful, especially when meeting current regulatory and legal requirements. NorthRow Know Your Business (KYB) and Know Your Customer (KYC) checks to accelerate the client onboarding process. … Read More