PEPs & Sanctions Checks / Monitoring - AML Compliance
NorthRow provides a single API solution to check and monitor both individuals and entities against multiple global and domestic databases in one go. Our solution ensures you have access to the highest quality data and the most innovative solution on the market to maximise, efficiency, improve client experience and mitigate business risk.
Why You Need to Continually Monitor Politically Exposed Persons (PEPs)?
On-going PEPs and Sanction monitoring is a critical component of your compliance with the 4th Money Laundering Directive. At NorthRow, we understand that ensuring these are performed regularly can be a resource strain for many organisations.
NorthRow automates ongoing monitoring of individuals and entities against up-to-date PEPs and Sanctions lists. We will monitor your clients daily and alert you immediately of an changes to a clients circumstance or status, helping to ensure ongoing compliance with AML regulation. With a 35-40% increase every year in the PEPs register alone, it is important to screen new and existing clients constantly to ensure you remain compliant.
Operate in the knowledge that your business is employing robust due diligence measures, so you are able to make an informed and confident decision on who you do business with. Download NorthRow’s PEPs and Sanctions overview document.
High & Low Risk PEPs Monitoring
NorthRow’s platform can identify high-risk individuals and businesses, in real-time. We only uses the highest quality data sources from trusted international suppliers, accesses a broad portfolio of PEPs & Enhanced Sanctions information to help ensure ongoing compliance. We also have intelligence-sharing agreements with law enforcement agencies, to help reduce your business risk.
PEPs Tiering Framework
Heads of state and government, Members of government (national and regional, Members of Parliament (national and regional), Heads of Military, Judiciary, Law Enforcement and Board of Central Banks. Top Ranking Officials of Political Parties.
Members of Legislative & Executives Bodies at Regional, Provincial, Cantonal or equivalent levels. Judges, Justices, Magistrates, Prosecutors, Attorneys in court. Senior Diplomats; Senior board Members of State Owned Enterprises (SOEs).
Heads of Senior NGOs; Heads & Board Members of Trade Unions; Advisers, Heads of Cabinets and similar roles in the Military, Judiciary, Law Enforcement, Central Banks, Authorities, Senior Civil Servants; Middle Ranking Diplomats.
Family members and close business associates of PEPs defined as known or non-sexual partners outside the family unit; Business Partners or Associates, especially those that share (Beneficial) Ownership of legal entities with PEPs.
Ongoing PEPs & Sanctions Monitoring
It is not enough to perform comprehensive AML checks during the initial client sign-up phase. To ensure you remain compliant with AML regulations, you must continually monitor your clients for any changes in their political exposure and sanctions.
NorthRow's AML platform will continually monitor your customers for changes and you will be alerted in real-time as to those changes, helping to ensure you remain compliant. Our ongoing PEPs monitoring.
NorthRow Checks & Monitors Against A Wide Variety of Media Sources
Any individual or entity that has been reported in global newspapers, news sites or other media as being involved in financial crime.
Any individual that is considered a Politically Exposed Person, from Head of State to Members of Parliament, Members of the Board of State Owned Enterprises or Ambassadors and individuals representing their countries interests abroad.
Sanction - Current
Any individual or entity that is subject to sanctions by either the European Union, the United Nations, the United States Office of Foreign Assets Control and State Department and Her Majesty’s Treasury in the United Kingdom.
Sanction - Previous
Any individual or entity that has formerly been subject to sanctions by either the European Union, the United Nations, the United States Office of Foreign Assets Control and State Department and Her Majesty’s Treasury in the United Kingdom.
Any individual or entity that has been fined or in some other way subject to action by any financial regulatory body.
Any individual or entity that has been named in official documentation from Law Enforcement bodies such as the Police or any other agency such as Interpol or the FBI. Also those individuals and entities cited in Court and legal documents of that nature.
Disqualified Director (UK Only)
Any individual that has been disqualified as acting as a director of a company.
Insolvency (UK & Ireland Only)
Any individual that has been declared as bankrupt or insolvent.
Global PEPs & Sanctions registers with over 65 Billion data records - including to all sanctions lists, Including OFAC, EU
Our PEP profiles are structured with Sanctions and Adverse Media: enhanced with pictures, media articles & easy to read snippets
We can validate the details of over 250 million companies in real-time, from over 100 countries
We can validate identity documents from over 200 Countries. Types of Identity documents include: Driver License, National ID, Passport, Permit Data Global address verification of over 100 countries
Screening against the death register to help reduce your risk of fraud
Run KYC/AML checks on company Ultimate Beneficial Owners (UBO) and Directors in minutes Ongoing monitoring for changes in Beneficial Owners or Directors in a company
A Single API or SaaS application means NorthRow can seamlessly integrate into your existing systems
How Can You Use NorthRow?
In a complex regulatory environment an AML solution that is flexible, comprehensive, and that provides user control over rules and thresholds, is vital. NorthRow offers a range of flexible options including a SaaS application and a Single API.
Depending on your client onboarding workflow, you can choose the option that will best serve your business needs, or you can choose a hybrid option of both on-site and SaaS solutions.
NorthRow’s Single API: NorthRow’s single API can integrate easily with your existing online forms, and can check a variety of international ID documents including; Passports, Biometric Residence Permits (BRPs), Visas and National ID cards.
SaaS Application: NorthRow provides a SaaS App in addition to its Single API. Compliance teams can use the application to review checks, to download PDF reports and to add notes for audit & case management. All data is secure and user account access requires two-factor authentication ensuring security giving the client peace of mind.
Key Clients Include
"After looking into various identity verification providers we have chosen NorthRow because it has the combined KYB and KYC capability we are looking for, whilst also being the best fit commercially and culturally. With NorthRow we are able to automate our checking processes and we are alerted to any changes in our customers’ status, which is critical to ensuring we fulfill our regulatory obligations and make the customer onboarding process reliable and faster."
Martin Threakall, CTO - Modulr