Accuity and FircoSoft, the leading global providers of global payment routing data and watch list filtering solutions to banks and businesses worldwide, today announced their attendance at the BAFT Global Annual Meeting – The Americas & Regulatory Compliance Forum in Miami, FL on May 3-6, 2015. Henry Balani, Head of Innovation at Accuity, will manage a trade finance roundtable on May 4th at 1pm and Yannick Pannacci, Product Manager, KYC Solutions at Fircosoft will speak during the FATCA panel titled, “FATCA is Live! Early Lessons Learned,” on May 6th at 1:30 PM.
At the forum, Mr. Balani’s roundtable titled, “Regulatory Sanction Pressures: How to Cope Without Breaking the Bank,” will discuss best practices for dealing with increasing regulations without crippling a bank’s trade finance department. Mr. Balani will also address first-hand how banks can deal with these regulatory challenges through new automations and improved processes.
Mr. Pannacci will be speaking on the panel, “FATCA is Live! Early Lessons Learned,” focusing on the key challenges and solutions for banks’ compliance departments. He will address the importance of understanding the appropriate tax treaties with non US-based banks.
“Increasing pressure to combat offshore tax evasion has caused authorities to establish a legal framework,” says Yannick Pannacci, Product Manager, KYC Solutions at FircoSoft. “The FACTA regulation imposes important changes to how Foreign Financial Institutions (FFI) monitor customer relationships according to IGA standards. I look forward to addressing the significant impacts and key challenges associated with this regulation at The BAFT Global Annual Meeting.”
“With trade-based financial crime increasingly becoming a prime area of interest for regulators, ensuring a sound AML and compliance policy related to trade finance that helps reduce risk of illegal activity is extremely important,” comments Henry Balani, Head of Innovation at Accuity. “I am pleased to be speaking at The BAFT Global Annual Meeting and look forward to discussing how firms can best navigate the regulatory landscape by applying globally recognized best practices and solutions in order to combat tax evasion and illicit financial activity.”
To find out more, visit Accuity and FircoSoft at the BAFT Global Annual Meeting – The Americas & Regulatory Compliance Forum or the Accuity website and FircoSoft website. To join the conversation, follow @AccuityTweets or join us on LinkedIn.
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Owned by one of the world’s leading business-to-business data and content providers, Reed Business Information, and part of RELX Group, Accuity has been providing solutions to banks and businesses worldwide for over 175 years. Our unmatched data and services, powered by Bankers Almanac, deliver optimal payment efficiency, compliant transactions, bank counterparty insight and AML screening success.
FircoSoft is the recognized market leader of watch list filtering solutions, and is part of Accuity, the leading provider of global payment routing data and anti-money laundering solutions to banks and businesses worldwide. Owned by Reed Business Information (RBI), a division of RELX Group, Accuity’s quality sanctions watch list data combined with FircoSoft’s powerful transaction and customer screening solutions will deliver exceptional risk and regulatory protection to customers around the globe.
Over 770 customers including 8 of the world’s top 10 financial institutions rely on FircoSoft to filter transactions and customers against sanctions and PEPs lists to ensure compliance with regulations on terrorist financing, embargoes and FATCA, and meet Know Your Customer (KYC) and customer due diligence (CDD) requirements. Contact us today to learn more about our solutions and services. For more information, please visit www.fircosoft.com.
About Reed Business Information
At Reed Business Information we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.