Accelerating KYC Onboarding Journey for Property Firms
Since the introduction of the 4th Money Laundering Directive, property firms are legally required to perform Anti-Money Laundering (AML) checks on both the buyers and sellers in property transactions. The level of due diligence that is now required has significantly increased the administrative burden for the agents. AML checks can be complex and time-consuming and can significantly impact the client onboarding process.
Automating AML Compliance
NorthRow’s provides real-time data lookups on people and companies, ID documents. You simply input the customer’s details on a NorthRow online form and upload all relevant ID documents. NorthRow can then check multiple identity documents including Passports, biometric residence permits (BRPs), and National ID cards.
Accessing High-Quality Data
With access to one of the largest databases of screening information available in the UK, NorthRow’s technology can perform comprehensive identity verification checks on buyers & sellers, tenants, landlords, companies and all relevant ID documents in a matter of seconds.