NorthRow

The world of KYC, KYB, and AML compliance is becoming more complex, but NorthRow and IDVerse - An OCR Labs Company have made it easier. In this partnership, we’ve integrated IDVerse’s advanced AI-powered identity verification with NorthRow’s robust compliance platform to deliver an end-to-end solution that ensures fast, secure, and accurate onboarding. Now, regulated firms can verify individuals and businesses worldwide, covering 140+ languages and diverse document types, with instant, reliable results - no matter how complex the structure. What we’re bringing to the table: 🚀 Automated workflows: Minimise manual intervention and free up compliance resources. ⚡ Real-time insights: Instant, reliable verification for KYC and KYB processes. 🌍 Zero Bias AI™ Tested: The technology recognises customer diversity, treating each individual fairly and equitably. 🛡️ Regulatory compliance: A solution built to support AML requirements, no matter how stringent. 🔒 Deepfake Defender™: Trained on AI-generated fraudsters outpace synthetic media to protect your authentic users. Together, NorthRow and IDVerse provide a powerful and seamless compliance solution, enabling regulated firms to meet their obligations while keeping up with the pace of business. 👉 Learn more about our exciting partnership: https://lnkd.in/ergemvNt #TechPartnership | #AMLCompliance | #IdentityVerification | #KYC - #KYB

Last night, Rachel Mulryan and Michael Adisa joined an inspiring evening at KPMG's FinTech and Crypto - Intellectual Property: Tax and Legal Considerations event! 🤩 As Innovate Finance members, we were delighted to be invited to the event, which explored how to protect, optimise, and capitalise on IP, with dynamic speakers sparking fresh perspectives. A brilliant fusion of insights, innovation, and ideas! 👏 #FinTech | #IPProtection

Identifying Ultimate Beneficial Owners (UBOs) is one of modern compliance's most complex yet essential aspects. The risks of failing to uncover UBOs can have severe consequences for businesses. The challenge grows even more complex when dealing with international entities that use sophisticated, multi-layered, and often opaque corporate structures to obscure ownership. In our latest eBook, we uncover the hidden risks of UBOs and reveal how they can bypass traditional KYB and AML processes. Download your copy now to discover: 📌 The critical importance of identifying UBOs 🚨 The significant risks they pose and how they evade detection 📉 The operational and regulatory impact of undetected UBOs 🛠️ Effective strategies and tools for uncovering hidden UBOs 🚀 How to stay ahead of emerging UBO risks and challenges https://lnkd.in/erGQe3zY #AMLCompliance | #UBO | #KYB - #KYC | #RiskManagement

Ignoring UBO verification doesn’t just cost money – it costs trust, stability, and reputation. 💥 Danske Bank, Swedbank, Citibank, and more learned this the hard way. From multi-billion-dollar fines to entire businesses rethinking their compliance frameworks, the fallout from overlooked beneficial ownership checks has been nothing short of dramatic. 💸 These cases serve as a stark reminder: UBO verification isn’t just a checkbox – it’s a vital line of defence. Don’t wait until the damage is done. 🔐 #AMLCompliance | #UBO | #BeneficialOwner

Generative AI is reshaping identity verification like never before, unlocking precision and streamlining processes while opening the door to alarming new risks. The numbers say it all: 𝟲𝟱% 𝗼𝗳 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻𝘀 𝗻𝗼𝘄 𝘂𝘀𝗲 𝗚𝗲𝗻 𝗔𝗜 – nearly double the adoption from just ten months ago. As this technology evolves, so do the tactics of bad actors. In our upcoming Wired-In Webinar, Peter Violaris, Global DPO and Head of Legal EMEA at IDVerse - An OCR Labs Company, will discuss: ✨ How AI enhances accuracy and reduces bias in verification 🚨 The rising security risks of sophisticated fraud 🕵️♂️ How bad actors exploit AI to bypass KYB/KYC controls 🔒 Solutions to build and secure trust in an evolving landscape This is more than a conversation; it’s a valuable resource for navigating the risks and rewards of AI in identity. 📝 https://lnkd.in/ePx2gvuc #GenerativeAI | #IdentityVerification | #KYB - #KYC

Who really owns and controls a company? 💡 Let's break down the Three W's of Ultimate Beneficial Ownership: 👤 Who: The ultimate owners or decision-makers behind a company - those holding significant control (typically 25% or more). 💼 What: The framework to identify individuals who financially benefit or influence a business, key to combating financial crimes and ensuring compliance. 💭 Why: It's essential for meeting AML and KYC regulations, reducing risk, and promoting transparency in a complex business world. Want to simplify identifying and verifying UBOs 👉 https://lnkd.in/duvuZvEe #AMLCompliance | #UBO | #BeneficialOwnership

How confident are you in uncovering the true identities of your Ultimate Beneficial Owners (UBOs)? 🌍 Our new infographic breaks down the complex web of UBO structures, highlighting the challenges that make AML and compliance efforts increasingly demanding. From layered ownership involving offshore trusts to fragmented shareholder stakes across multiple jurisdictions, the barriers to transparency are mounting. We also explore how jurisdictional differences, data availability, and risks like fraud or anonymous entities exacerbate the difficulty of identifying UBOs. And with politically exposed persons (PEPs) or sanctions risks often hidden within these structures, the stakes are higher than ever. Want to simplify UBO identification? Book a demo and tackle these challenges with confidence 🤝 https://lnkd.in/evMgaAy4 #AMLCompliance | #UBO | #RiskManagement | #PEPs | #Sanctions

UBO Identification: The Key to Protecting Your Business 🚨 As financial criminals get smarter, hiding behind complex networks and shell companies, it's more important than ever to know exactly who you're dealing with. 🤔 Ultimate Beneficial Ownership (UBO) verification helps you combat financial crime, avoid fines, and stay compliant with evolving regulations. 💡 In our latest blog, we break down 7 crucial reasons why UBO identification is not just a legal requirement but a game-changer for your firm's reputation, security, and transparency. 💰 Don't let hidden ownership put your business at risk. 📉 Read the full article and learn how to protect your firm: https://lnkd.in/e9YE4eVw #AMLCompliance | #UBO | #EDD

𝗨𝗞 𝗦𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗧𝗮𝗿𝗴𝗲𝘁 𝗥𝘂𝘀𝘀𝗶𝗮’𝘀 𝗪𝗮𝗿 𝗠𝗮𝗰𝗵𝗶𝗻𝗲: 𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 💥 Today, the UK announced a powerful sanctions package aimed at Russia’s military efforts, targeting 56 entities - including suppliers from China and Turkey. For AML teams, this highlights the critical role of enhanced screening and monitoring in a rapidly evolving landscape. 🔍 𝗙𝗼𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗧𝗲𝗮𝗺𝘀: These sanctions show the importance of vigilant screening to catch complex ownership structures and hidden ties. Dual-use tech in non-military sectors is now under scrutiny, showing how diverse industries can aid sanctions evasion. 🌍 𝗣𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 𝗶𝗻 𝗛𝗶𝗴𝗵-𝗥𝗶𝘀𝗸 𝗥𝗲𝗴𝗶𝗼𝗻𝘀: Expanding compliance processes to include these new players in Moscow’s network is essential. Adapting to evolving sanctions lists and monitoring high-risk jurisdictions is key to protecting your business. 🔗 Learn more on staying compliant in a complex sanctions landscape: https://lnkd.in/e7PFcAj2 #AMLCompliance | #Sanctions | #RiskManagement

If your firm wide risk assessment has turned into a patchwork of endless updates, it may be time for a fresh approach! Starting over can sometimes be simpler - and more effective - than working through layers of edits. ✨ Plus, with financial crime on the rise, fintechs are balancing agility with stringent AML compliance. From UK Money Laundering Regulations to managing cryptocurrency risks, staying vigilant is essential. 🛡️ See what lies ahead for AML compliance in 2025 and gain insights on how to streamline, stay compliant, and build resilience. #AMLCompliance | #FinTech - #RegTech | #FWRA |