cat

/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.

Alacra Compliance Primer – 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 and accountholders… […]

Robust Onboarding is Key to Customer Classification Compliance Under MiFID, FATCA and EMIR

As the push for transparency continues to evolve under MiFID, FATCA and EMIR, robust onboarding practices that comprehensively capture key attributes of each client, owner and counterparty will be needed to meet reporting requirements for customer classification.  These regulatory schemes nudge existing AML/KYC systems into the realm of tracking client sophistication and understanding the […]

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|

CounterpartyLink and Alacra, Inc. Extend Services to Accelerate Customer On-Boarding

  • Provides a seamless link to CPL’s rich legal entity data and delivers automatic alerts of entity changes
    without leaving Alacra’s ACE solution.
  • Investigate ultimate beneficial ownership to 10%.
  • Search external premium databases, web sites and internal lists across multiple entities.
  • Retrieve entity documents/directors/ownership.

19th February, 2014, London:  CounterpartyLink (CPL), the trusted source of evidence-based legal entity intelligence, today announces that […]

By |February 19th, 2014|Alacra, Compliance, Content Partners, Know Your Customer, News|

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|

Alacra Shares the Periodic Table of Business Research Databases

New List of Premium and Free Resources Will Help Businesses Identify the Right Resource for Making Investment Decisions

New York – 19 September 2013: Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms announced the release of the Alacra Periodic Table of Business Research Databases. The new […]

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|

Alacra Compliance Enterprise Receives Positive Review from FreePint

Latest third party review validates Alacra’s investment in a flexible onboarding platform

New York – August 1, 2013: – Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms is delighted to announce the latest third party review of Alacra Compliance Enterprise from FreePint, a provider of content industry news […]