FATCA Tools: Remediation Control Database (“RCD”) |
Web-based and globally accessible tool built into Deloitte’s widely-used AML platforms to give you a view into remediation workflows, documentation necessary to evidence compliance, and metrics-based status reporting.
Our Remediation tool offers:
- A client-defined workflow tool to facilitate remediation of existing accounts
- Formatted and cleansed customer data to facilitate Foreign Account Tax Compliance Act (FATCA) analysis and classification of individuals and entities
- A view into FATCA remediation workflows, documentation and reporting
Our Remediation tool provides:
- Reduced implementation and on-going cost of FATCA
- Streamlined record of customer contact to request documentation during the remediation process
- An aggregate customer view
- Configurable elements: workflow, roles, teams, reporting, and document integration
- A consistent approach across the enterprise
- A tool to facilitate efficient management of the remediation process
- A proven solution – Created using existing experience in regulatory compliance, AML. Significant install base
- Accurate, real-time reporting
- Global use
- Secure delivery in client environment
- Scalability - Available anywhere a network connection is present
- Off-the-shelf workflow tool, tracing each step of the remediation process
As used in this document, “Deloitte” means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
