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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.

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