Compliance to the law FATCA using Siron FATCA

Siron®FATCA:

• Accomplishment of legislative provisions of FATCA on classification of clients (new and available), drawing up documentation and reporting for IRS

• The integrated rules of check of criteria of IRS and the flexible editor for adjustment and addition governed

• Intellectual methods of the analysis for determination of the status of the physical persons and legal entities (which are subject and not subject to check of FATCA) and also for identification of changes (Change of Circumstances)

• The standard interface for a third-party database (Bureau van Dijk) allowing to use automatically beneficial owners (for legal entities) in verification process of FATCA

• Workflow automation when processing put FATCA the account manager, including providing data, tracking of documents, transfer on instances, tracking of the status according to FATCA

• The interface for communication with external systems, for example, for data transmission in the central banking system

• The electronic reporting for national or American tax authorities with observance of regulations on data protection

• Integration of the module Siron®FATCA into systems Siron AML and Siron KYC for quick and economic implementation of requirements of FATCA

• Documentation of all verification processes, actions and solutions for the subsequent audit

More detailed information Compliance to the law FATCA using SironFATCA