Anti-Money Laundering (AML) compliance is more than a regulatory checkbox for legal firms in the UK. It is a vital step in ensuring the integrity of the legal profession and maintaining public trust. The underlying aim of wider AML regulations … Read More
Regulatory Compliance
PSD2 compliance: What businesses need to know
PSD2, or the Second Payment Services Directive, is a regulatory framework implemented by the European Union to govern payment services and providers within the EU and EEA. It aims to enhance the security of electronic payments, foster competition, and improve … Read More
How NorthRow is helping regulated companies to succeed
In today’s fast-paced and ever-evolving business landscape, regulated companies face numerous challenges in order to succeed while maintaining compliance with stringent regulatory requirements. The integration of advanced technology has become pivotal in streamlining operations and achieving growth without compromising on … Read More
Using RegTech to develop a businesswide culture of compliance: how can it help?
Compliance is a continuous journey, not just a one-time tickbox. Using Regulatory Technology (RegTech) to develop a businesswide culture of compliance can provide numerous benefits for organisations. Leveraging regtech can significantly contribute to the development of a positive compliance culture … Read More
Who must firms register with for anti-money laundering purposes?
Anti-Money Laundering (AML) regulations are crucial for firms and the broader financial system for several important reasons. First and foremost for preventing criminal activities: AML regulations are designed to prevent businesses from being unknowingly involved in money laundering, terrorist financing, … Read More
What is a person with significant control (PSC)?
A person with significant control (PSC) refers to an individual who holds substantial influence or control over a company, either directly or indirectly. The concept of significant control is often used in the context of corporate governance and transparency, particularly … Read More
The importance of PEP screening and customer experience
In this article, we take a look at some of the key strategies and tactics to ensure the fine balance between the need for in-depth scrutiny of PEPs for AML compliance and the delivery of an exceptional customer experience. … Read More
Balancing compliance and efficiency: The benefits of using a RegTech solution
RegTech solutions help businesses automate and improve their regulatory compliance efforts. We look at the benefits of introducing RegTech. … Read More
Conducting a company director check: a checklist
As a part of the KYB (Know Your Business) process, identifying and verifying the company directors or UBOs (Ultimate Beneficial Owners) is an important step. Conducting a company director check is an essential part of due diligence when dealing with … Read More
Two-week countdown: The FCA Consumer Duty
In this article, we take a look at what the new Consumer Duty is, who it applies to, the expectations of firms affected by the Duty, and how to implement the Duty into operations. … Read More