FATCA Tools: Customer Classification Engine |
Automated and manual classification of individual and entity accounts. Identifies exceptions for remediation workflows. Web-based and globally accessible tool built into Deloitte’s widely-used AML platforms.
Our Customer Classification Engine offers:
- Automated and manual classification of customers, both individual and entity accounts, when electronic data is available
- Configurable electronic searches
- A visual decision tree and questionnaire based on guidance from the legislation to reach classification manually, when electronic data is not available
- Identification of accounts for remediation
- Reporting focused on highlighting the remediation ‘buckets’ and underlying data quality issues identified during analysis
Our Customer Classification Engine provides:
- Results to help map out the remediation strategy and the route to Foreign Account Tax Compliance Act (FATCA) compliance
- Identified exceptions for remediation workflows
- Prioritized accounts for remediation
- Limited manual documentation searches
- Quick, and configurable analysis of existing customers
- A consistent approach across the enterprise
- Accurate, real-time tracking/reporting
- Global use
- Secure delivery in client environment
- Scalability - Available anywhere a network connection is present
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.
