It compliance - Import export

THE CHALLENGES Effective since July 1, 2014, the U.S. Foreign Accounts Tax Compliance Act (FATCA) is expected to transform the way financial institutions track and report on their clients’ financial assets. Financial institutions around the globe have realized that they can no longer ignore this legislation and must prepare for the changes ahead. As compliance requirements evolve over time, en.SafeWatch FATCA provides a flexible, resilient product that helps compliance officers adjust quickly to and accommodate change and new requirements. en.SafeWatch FATCA allows financial institutions to stay compliant with FATCA regulations and avoid the repercussions of unwitting non-compliance. It is a powerful solution that helps simplify and tackle the complexity and ambiguity of FATCA’s new customer specification and classification requirements. It is an effective solution that provides users with a central point for gathering, processing, and reporting all required information. THE SOLUTION

Meet today’s complex regulatory and payment challenges with EastNets flexible, configurable, and globally recognized anti-money laundering software used today by over 600 financial institutions and corporates worldwide. Real-Time Web-Based Watch List Filtering With EastNets top ranked en.SafeWatch Filtering compliance solution, customers will get the following key benefits: Manage and Control Risk in Real Time Ensure Compliance with AML Laws and Regulations Control Costs with Rapid Deployment and Implementation Reduce Workload and Increase work efficiency with Reduced False Positives Streamline Processes and Improve Operational Efficiencies Transaction Monitoring AML with powerful Analytics and Visualization Capabilities EastNets Transaction Monitoring Solution en.SafeWatch Profiling main features: Automatically detect suspicious activity using rule-based and behavior-based logic. Offers Advanced Visualization: a powerful tool that allows users to display in an interactive graphical r

SEPA, the single Euro Payment Area, is a framework designed by the European Payment Council to improve the efficiency of cross-border payments in Europe and turn the fragmented national markets for euro payments into a single one. SEPA will enable customers to make cashless euro payments to anyone located anywhere in the European Union (EU) using a single bank account and a standard set of payment instructions. The SEPA Regulation marked the 1 February 2014 as the point at which all credit transfers and direct debits in euro would be made under the same format: SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). The 17 countries of the Eurozone have been fully operational for the past year. The 18 other countries of the SEPA zone with non-Euro domestic currencies, must also comply with SEPA migration deadlines by 2016. How are you going to make your payment workflows ready for processing SEPA Credit Transfer and Direct Debit in time without turning your IT infrastructure and res