Achieve AML Compliance by meeting the ever-changing regulations set by the FATF
Financial services firms falling short of regulatory standards were hit with £52.8m in fines from the FCA in 2023, exposing gaps in compliance measures.
Streamline onboarding with KYC & KYB
Improve Customer Due Diligence
Automate Transaction screening
Implement robust ongoing monitoring
Solve problematic property verification while streamlining diverse legal frameworks
Estate agents hold the largest number of AML fines issued by HMRC since the introduction of AML supervision, accounting for nearly half (45%) of all fines issued.
Know your property clients
Source of funds identification
Complete audit trail for AML compliance
Trigger Suspicious Activity Reporting (SARs)
Maintain the integrity of financial systems and prevent illicit activities
Demands to manage compliance continue to increase across the professional services sector, particularly legal, accountancy and even telecommunications.
Digitise client onboarding with KYC & KYB
PEP and Sanctions Screening
Ongoing client monitoring
Achieve regulatory compliance
Mitigate the threat of financial crime and terrorist financing to adverse risks
With evolving regulations, individuals and businesses (60%) struggle to achieve compliance; this is no different for the art market and high-value dealers.
Accelerate KYC & KYB processes
Biometric facial recognition
UBO verification & ongoing monitoring
Screening & enhanced due diligence
“NorthRow has been very easy to work with; their approach is professional, transparent and consultative. Their ability to deliver a bespoke solution that combines automated identity checks with the added security of face-to-face verification made them the obvious choice.”
.png?width=176&height=33&name=NorthRow_MasterLogo_HighRes%20(4).png){kind=small}