Ultimate Beneficial Ownership (UBO) data gaps, often caused by outdated or fragmented KYB processes, create significant AML risks. Automation and continuous monitoring are essential to maintain visibility and prevent compliance failures. … Read More The post Hidden UBOs: the AML risk hiding in plain sight appeared first on NorthRow.| NorthRow
KYB remains one of the most error-prone compliance processes. This article explores three major pitfalls - data silos, one-off checks, and manual reviews - and offers practical steps to improve oversight and automation. … Read More The post 3 common Know Your Business (KYB) compliance pitfalls and how to avoid them appeared first on NorthRow.| NorthRow
Barclays fined £42 million for failing basic KYB and AML controls, highlighting urgent need for stronger client due diligence and monitoring. … Read More The post Barclays fined £42 million after failing to act on clear financial crime risks appeared first on NorthRow.| NorthRow
Improve KYB compliance by automating manual processes to reduce risk, increase visibility, and meet regulatory demands.| NorthRow
Understand what KYB (know your business) is, how it differs from KYC, and how best to integrate it into your workflow. Read now.| LegitScript
This webinar offered a pragmatic look at how AI is reshaping the future of merchant onboarding and underwriting. Read the key takeaways.| LegitScript
Why director verification matters and how remote verification processes have evolved to tackle fraud, synthetic IDs, and financial crime.| NorthRow
Modern tools and helpful strategies that can help you to effectively identify UBOs in complex corporate structures.| NorthRow