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/Carol Ann Thomas

About Carol Ann Thomas

Carol Ann Thomas is Alacra's long time Marketing Manager and responsible for all traditional marketing, branding, events and social media. One of the firm's first ten employees, she has been with Alacra since early 1997. Carol Ann began her career in sales and marketing at Knight-Ridder Financial Information, specializing in account management and training for technical analysis and trading applications. She has more than 25 years experience in the Business Information space.

Positive Developments on Beneficial Ownership

It is widely accepted that illicit actors continue to create legal entities, masking beneficial ownership information in order to facilitate access to the financial system and conduct financial crimes. A number of developments have recently occurred that may help the United States make progress on requiring the identification of beneficial ownership of businesses […]

IRS Deems Bitcoin Property, Not Currency

Bitcoin will be treated like property, not currency, the IRS declared in a Notice (http://www.irs.gov/pub/irs-drop/n-14-21.pdf) issued this week to address the tax implications of mining, spending or receiving virtual currencies.  The need to track fair market value and basis adjustments to compute gains and losses for tax purposes introduces record-keeping realities to a […]

By |April 3rd, 2014|Business & Finance, Posts|

Bitcoin Emergence Prompts FinCEN to Issue Guidance on Virtual Currencies

As Bitcoin gains recognition as a legitimate currency in the world of digital transactions, FinCEN (Financial Crimes Enforcement Network) has issued guidance on the regulations that apply to administrators and exchangers of virtual currencies that will test AML and KYC programs.

Swings in the market value of Bitcoins – tied to limited circulation […]

Upcoming Changes to KYC Beneficial Ownership Regulatory Requirements – A Primer

KYC-Beneficial-Ownership-Regulatory

Perhaps the most difficult task a financial institution must undertake when onboarding a new customer or counterparty is collecting beneficial ownership information. The regulations vary by jurisdiction, are in some cases unclear, and the client or counterparty is often unwilling to provide the requisite information with […]

By |September 27th, 2013|AML and Compliance, Know Your Customer, Posts|

New Focus on Due Diligence Challenges with Extension of FATCA Deadlines

Addressing the challenges of workflow protocols for onboarding new account data and managing existing account data is receiving a new focus by financial institutions sparked by the IRS recently granting a six-month extension for key FATCA compliance deadlines.

Determining FATCA Classification

By |September 10th, 2013|FATCA, Know Your Customer, Posts|

The Total Economic Impact™ of Alacra Concordance In Financial Institutions—Forrester Consulting

Alacra Concordance provides a 400+ percent Return On Investment, according to a commissioned study. By smoothly aggregating disparate financial data, Alacra Concordance offered nearly $2 million in savings in productivity and labor costs.” Download White Paper

By |September 24th, 2007|Alacra, Know Your Customer, Reference Data, White Papers|

Alacra Compliance

A comprehensive new solution helping financial institutions comply with AML and BSA regulations. Alacra Compliance is a workflow-based application that provides a framework for consistent application of your existing AML procedures and processes. Alacra Compliance helps you streamline the on-boarding process by bringing together all of your research sources within a single application. Download White […]

By |October 24th, 2006|Alacra, Compliance, Know Your Customer, White Papers|

Concordance and Federated Searching—The Benefits Of Alacra’s Process

Alacra Concordance is the process of cross-referencing Alacra’s authority files to the authority files of the numerous information providers available through our suite of products. This white paper illustrates how concordance (company/security, industry AND country), along with our proprietary search algorithms and syntax options, interact seamlessly to provide a comprehensive set of content via a […]

By |October 4th, 2006|Alacra, Reference Data, White Papers|