This document details the changes in North Row Release V1.76
International Company Monitoring Functionality:Monitoring your customers/clients on an ongoing basis has always been critical to ensuring your business remains compliant with Anti-Money Laundering (AML) regulations. It is not enough to perform a comprehensive AML check during the initial client onboarding, you must continually monitor your clients for any changes in company structure, beneficial ownership or directorships to ensure fraud is not committed, or that money laundering or terrorist financing funds do not enter your system.
We have added new functionality to help improve and simplify international company monitoring for our clients. We have increased our international data coverage and the company status/events or changes that we can now track, monitor and alert you of;
• Director change
• Change to credit limits
• Change to total issued capital
• Change to ultimate holding
• Legal events
• Beneficial owner change
• Credit score
• Company name change
• Head office activity
• Address change
• No. Of employees
• Negative data
• Branch / Establishment activity
For all International companies we only offer the ‘status change events’ above. The only exception to this, is in the UK, where we offer a more detailed information on the Director Change and Beneficial Owner Change events.
Please note if you are already using monitoring for UK companies there is no change to your existing set up. If you would like to set up International company monitoring please contact our support team who will go through the set-up process with you.
If you have any questions or comments on this or any other issue then please don’t hesitate to contact us on 01235 375 111 or send us an email to email@example.com