KYB Checks Archives

The importance of Know Your Business (KYB) checks: best practices for compliance

Posted by Natalie Davies on 20/02/2023 | Featured

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

Tags: Client Onboarding, KYB, KYB Checks

What is a Shell Company?

Posted by Natalie Davies on 22/06/2022 | Featured

Most of us have probably heard the term ‘shell company’ used in press coverage of political corruption and financial crime. But what exactly is a shell company, and why do people (both legitimate and otherwise) use them? In this article, … Read More

Tags: AML & KYC Checks, KYB Checks, Shell Company

Top Compliance Trends You Need to Know for 2019

Posted by Chris Bourne on 14/01/2019 | Featured

Money-laundering and compliance failures within large banks and institutions dominated the financial news in 2018. To help you not fall foul of the regulations in 2019, we have gathered a list of top 9 compliance trends this year and how they may impact how you do business. … Read More

Tags: AML & KYC Checks, AML Checks, AML Regulation, Beneficial Owner Monitoring, Compliance, Compliance 2019, crypto, FCA, FCA Sandbox, Intelligence-Sharing, KYB Checks, MiFIDII, NorthRow, Open banking, PSD2, Right to Work, Right-to-Rent, Risk

Legal Entity Identifier (LEI) Data Added to NorthRow’s Platform

Posted by Chris Bourne on 09/11/2018 | Featured

We have recently added Legal Entity Identifier (LEI) data to the NorthRow platform. All investment and trading firms subject to MiFID II will now be able to access LEI data through NorthRow’s Single API as part of a Know Your Business check (KYB), helping regulated firms to streamline client and entity onboarding. … Read More

Tags: AML Checks, Client Onboarding, Compliane, Customer Onboarding, KYB Checks, KYC Checks, LEI, MiFID II

5 Key Takeaways from Innovate Finance Global Summit 2018

Posted by Chris Bourne on 23/03/2018 | Featured

Innovate Finance Global Summit (IFGS) brought together over 2000 attendees, including business leaders, investors, start-ups and policymakers to discuss the future of fintech. Highlights included presentations from the likes of Lance Uggla, who told his story of founding Markit then taking the company from being worth zero to $19bn. … Read More

Tags: AML, KYB Checks, KYC Checks