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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.

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