In a thought-provoking Wired-In webinar, we explored how to navigate the ever-changing global sanctions landscape in 2023. … Read More
Sanctions
What are economic sanctions and what do they mean for compliance?
As of April 2023, the UK government lists over 16,000 economic sanctions on individuals and entities. The type of economic sanction imposed can vary from assets being frozen, travel bans, trade embargoes, and financial restrictions. … Read More
Wells Fargo sanctions violations: key learnings for compliance
At the end of last month, Wells Fargo was slapped with a near $100m fine for its role in helping a foreign bank skirt US sanctions on more than half a billion dollars of transactions. … Read More
What PEPs and sanctions checks are mandatory in the UK?
Politically Exposed Persons (PEPs) and sanctioned individuals, entities or nations are two critical areas of compliance for regulated firms. As part of their obligations in the prevention of money laundering, terrorist financing and other forms of financial crime, firms must … Read More
This Month in Compliance: July 2022
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. In July, momentum continued to gather behind the ‘metaverse’. At Money 20/20 … Read More
Sanctions on Russia and the new Economic Crime Bill
In response, Prime Minister, Boris Johnson, is leading amendments to the Economic Crime Bill, to tackle the issue of wealthy Russians using the City of London for money laundering and the hiding of their ill-gotten gains, as reported by the … Read More
NorthRow’s New Improved PEPs & Sanctions Monitoring Functionality
At NorthRow we are continuously improving our single API solution to ensure our clients have access to the highest quality data and most innovative solution on the market to maximise, efficiency, to improve client experience and to help mitigate business risk for regulated companies. … Read More
Why Do Businesses Need to Do KYC AML Checks?
To build a strong and robust fraud-prevention system, companies need to incorporate effective anti-money laundering measures into their business processes. To do this, every company needs to know the process of how and when it should do AML and KYC checks. NorthRow works with organisations across multiple sector helping them to automated AML, KYC and IDV checks to streamline client onboarding, while helping to ensure compliance. … Read More