Compliance
Reduce the cost of regulatory compliance
Whether CRS and FATCA reporting is a cost center or a profit center to your business, you can leverage our technology to streamline and automate your current manual processes and allocate resources better to optimize process times, improve reporting accuracy and reduce overall FATCA and CRS compliance costs.
Enhance your KYC* for FATCA and CRS
Through jurisdiction specific intelligent rule bases let our solution perform a full discovery of your client data to help you unveil hidden indicia, data deficiencies (Invalid TIN formats) and changes in circumstances and via corrective actions understand the real status of your client base regarding FATCA and CRS.
Mitigate regulatory and reputational risk
TWC will help you navigate FATCA and CRS regulations swiftly and precisely with our jurisdiction specific rule-bases and XML generation engines that improve reporting accuracy and provide proof and evidence to regulators and stakeholders of the quality of your due diligence efforts.
3-step process
Our simple three step-process allows FI's to streamline their classification, remediation, and reporting process in a flexible, secure, and precise way.
Solutions
CRS/FATCA ONE
CRS/FATCA One for Financial Institutions is an installed or cloud-based software solution that assists Financial Institutions with CRS and US FATCA reporting regulations and requirements through a 3-step process of uploading, remediating, and reporting.
Solutions
TACS - Tax Authority Compliance Software (TACS)
TWC’s Tax Authority Compliance Software (TACS) provides a comprehensive modular platform to automatically exchange FATCA and the OECD’s CRS, CbC, NTJ, MDR, and ETR data types. In addition, TACS was created to support all 24 OECD Base Erosion and Profit Shifting (BEPS) data exchange types through the OECD’s Common Transmission System (CTS 2.0).
Solutions
Country by Country
The MNE Country by Country solution provides a fully automated system to support MNE's compliance with the OECD’s Country by Country reporting initiative. It helps MNE's with revenues over €750 million to collect baseline data and convert it into the appropriate jurisdiction-specific reporting schema.
Compliance
Three news to start your week: December 2
Compliance