A solution that enables banks to comply with FATCA and AEOI/CRS regulations
The Foreign Account Tax Compliance Act (FATCA) and the Automatic Exchange of Information (AEOI) regulations place a heavy burden on firms to enhance their processes for collecting and reporting client information. With Tax Information Reporting continuing to be a significant overhead, Dion offers a flexible approach to reporting requirements.
TRAC is the comprehensive solution for FATCA and AEOI compliance. Built and supported by an experienced team, the solution is available in a modular form which can be configured to be operated under a number of “regulatory models”. TRAC can handle the IRS FATCA regulations, Model 1 and 2 IGAs, Common Reporting Standard (CRS) and other similar regulatory reporting requirements. In addition, it is multi-entity, allowing it to be deployed as a centralised global or regional compliance solution.
Dion’s TRAC solution is easily integrated with existing systems and it has been built using Dion’s technical business process engine, X-Gen. The solution is being used in financial institutions across the globe, ranging from Tier 1 institutions to local banks. TRAC has been deployed to provide FATCA compliance reporting in over 80 different jurisdictions.
To download our brochure or for more insight into our solution, write to us at firstname.lastname@example.org