KYC checks

KYC delays slowing customer onboarding; new research find 1 in 5 checks take more than 24 hours

7th March 2023, London, UK – A recent survey undertaken by NorthRow, the leading Know Your Customer/Business (KYC/B) and Identity & Verification (ID&V) platform, has revealed that one in five Know Your Customer onboarding checks takes over 24 hours to … 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

compliance trends

Infographic: Compliance trends in 2023

2022 threw global events, new regulations and record-breaking fines into the compliance melting pot. And yet, the war against bad actors, money launderers and criminals continues to wage. As fraudsters evolve and continue to develop their shady strategies, so too … Read More

NorthRow & GBG Partner to Offer Broader Employee Background Checking Solution

eKYC: What is it and why is it important?

eKYC stands for electronic Know Your Customer and refers to the digital process of remote, paperless process that minimises the costs and traditional bureaucracy necessary in KYC checks. eKYC uses digital identification processes with the aid of technology such as … Read More

KYC compliance

The importance of ongoing monitoring in KYC compliance: tips for effective risk management

Know Your Customer (KYC) compliance programs are not one-hit processes, ongoing monitoring is key for effective risk management. … Read More

prevent financial crime

5 ways to help prevent financial crime

Organisations from all industries from around the world are facing ever-increasing challenges to prevent financial crime and other fraudulent actions taking place. Fraudsters are constantly evolving their techniques and target the weaknesses in processes. One process weakness could affect an … Read More

register of overseas entities

The register of overseas entities: crunch-time for international firms with property in the UK

Overseas entities that own property in the UK were required, by the introduction of the Economic Crime (Transparency and Enforcement) Act 2022 (the ECTEA), to register their details, and those of all Ultimate Beneficial Owners (UBOs), on the register of … Read More

proactive kyc and kyb

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

The Importance of KYC Remediation

The importance of KYC remediation

Know Your Customer or KYC, is a critical part of anti-money laundering protocols. In a bid to reduce the risk and incidence of financial crime, financial institutions and regulated businesses must undertake a comprehensive checking and verification process for the entities with which it does business. As part of this process, meeting, and continuing to adhere to, the latest regulatory requirements is critical. KYC remediation ensures that each customer’s anti-money laundering risk is assessed in a timely manner and assigned risk ratings are updated based on the changes in KYC regulations. … Read More

5 Reasons To Invest in Compliance Software

5 reasons to invest in compliance software

Regulatory compliance is a business’s adherence to regulations, laws, guidelines and specifications relevant to its day to day business activities and processes. Failing to comply with these requirements can result in legal fines, loss of reputation, down time and loss of productivity, as well as imprisonment in some cases. … Read More

State of compliance trends report: download here

Discover the latest insights and predictions to help your business effectively plan for the future while successfully addressing current compliance priorities and challenges.