Compliance

/Compliance

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|

How Technology Can Help On-Boarders Acquire and Understand Beneficial Ownership Information

In September we posted Upcoming Changes to KYC Beneficial Ownership Regulatory Requirements – A Primer, which outlined how different regulatory regimes were going to require more and more accurate beneficial ownership information.  This post spurred several conversations with KYC practitioners, many of whom asked how technology might help with the beneficial ownership burden.  Last […]

The Missing Mandates

The LEI Regulatory Oversight Committee (http://www.leiroc.org/) has, as of November 18, more than 50 members representing over 30 countries.  Most of the committee members represent the central bank or another regulatory body in their respective jurisdictions.  What continues to surprise and confuse market participants, though, is that to date only two regulatory bodies […]

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 […]

When Reference Data Fails to Meet the Compliance Test

RBS Fine Highlights Critical Role of Reference Data in Compliance

Last week the UK’s Financial Conduct Authority (FCA) fined RBS £5.6MM for “pervasive reporting failures” or, in other words, for having inaccurate reference data.

The FCA Handbook Online states:

“For agency transactions a customer/client identifier is required to identify the client on […]

By |July 31st, 2013|Compliance, Posts, Reference Data|

How to Budget a Compliance Remediation Project

Calculating the Cost of Compliance

Remediation projects seem to be a fixture of the current regulatory environment in KYC.

These projects get kicked off when a firm determines, or a regulator determines, that the process it has used to on-board customers and counterparties in the past is not adequate for the current environment. These relationships […]

By |July 10th, 2013|Compliance, Posts|

Alacra Compliance Remediation Calculator Helps Compliance Professionals

New calculator shows compliance executives the true costs and savings of compliance remediation projects.

July 11, 2013 – New York: Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms announces the release of the new Alacra Compliance Remediation Calculator. The new Calculator is designed […]

By |July 10th, 2013|Alacra, AML and Compliance, Compliance, Know Your Customer, News|

Alacra Releases the Periodic Table of FATCA Acronyms

June 12, 2013 – New York: Alacra, Inc., a leading provider of business information solutions for financial institutions and professional service firms announced the release of “The Periodic Table of FATCA Acronyms.”

“With all the talk about getting ready for the Foreign Account Tax Compliance Act (FATCA), we thought it might help everyone if […]

Best Practices in KYC for Financial Institutions

Kycwhitepaper
We have a new white paper out that summarizes what we see as the best practices in Know-Your-Customer workflow for commercial and investment banks.  Based on meetings with […]

By |November 16th, 2012|Alacra, AML and Compliance, Compliance, Know Your Customer, Posts|

Alacra Releases “Best Practices in KYC” White Paper

Alacra announces the release of its “Best Practices in KYC for Financial Institutions” white paper detailing observations gleaned by Alacra during multiple compliance workflow engagements.

 November 14, 2012 – New York: Alacra, Inc., a leading provider of online business information solutions, announced today the release of “Best Practices in KYC for Financial Institutions,” a white paper […]