FATCA Overview


AxiomSL, a global leader in regulatory compliance and risk management solutions for over 20 years, provides a data driven compliance platform, which empowers financial institutions to meet their FATCA regulatory requirements with confidence. AxiomSL’s data management framework assesses clients’ records creating a centralized client data repository to enrich clients’ data records, monitor internal data procedures, streamline controls & processes and provides the foundations for preparing for future regulations. This integrated solution addresses the FATCA requirements in the areas of client classification and reporting.

The centralization of data on a single platform and the automation of the compliance process delivers a simple, cost effective and scalable solution, which collects, analyzes, monitors, audits and validates data and then reports from thousands of client records. AxiomSL’s FATCA solution is easy to install at the core of your system infrastructure without any data conversion, allowing you to be FATCA compliant with a full audit trail ensuring traceability of every process.

FATCA & CRS Solution


AxiomSL Solutions - CRS & FATCA


FATCA Benefits



FATCA Features



FATCA Background


The burden of complying with the FATCA regulations has fallen on most participants in financial services industry across the globe who now have to undertake enhanced client due diligence and reporting to the IRS or their local tax authorities.

FATCA presents unique challenges to financial institutions, namely:

IT

Compliance

Reporting

Resource Center


APAC Financial Institutions Staring into the AEOI Headlights

Facing a fixed regulatory compliance timeline, higher client data volumes and continuous changes to already complex requirements; it is time to migrate your tactical FATCA…


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ICBC (London) plc chooses to extend AxiomSL deployment to support CRS…

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Industrial and…


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From FATCA to Basel, the impact of regulation will continue to be significant

From anti-tax evasion measures to liquidity metrics, the private banking industry has been kept busy with a range of new regulatory …


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Bancolombia Adds AxiomSL FATCA Solution to Reporting Platform

AxiomSL, a leading provider of regulatory reporting and risk management solutions to the financial services industry, announced today that Bancolombia, Colombia’s largest…


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As FATCA enters its second year, firms have big decisions to make about reporting

The implementation of the Foreign Account Tax Compliance Act (FATCA) on 1 July 2014 marked a major change in the way governments approach…


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AxiomSL’s Platform Is Supporting A Growing Number Of Global Financial Institutions To Complete Their Common Reporting Standard (CRS) Reporting Requirements

AxiomSL issued a statement today that a…


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