EFFICIENTLY MANAGE FATCA COMPLIANCE THROUGHOUT THE CLIENT LIFECYCLE

Pega’s FATCA Rule Guidance Solution provides a unified, global platform that can be easily changed to meet evolving FATCA requirements (FATCA, IGA Model One and Model Two, OECD and other FATCA-like rules). It can also be extended to manage full client onboarding for KYC, AML, Suitability, product and country-specific due diligence requirements. Manage new account onboarding and pre-existing account due diligence in one unified system for efficient, cost-effective and intent-led classification and reporting based on pre-defined rules and legal interpretation of rules. A global view of each customer ensures consistency and reuse of due diligence, documentation, customer classification, indicia changes and reporting. Classification decisioning is faster with dynamic case management, applying the right qualification rules based on the customer profile including U.S. indicia, substantial owner rules, aggregation rules, etc. Automated pre-existing account management streamlines preceding due diligence for U.S. and underlying party identification, exemptions, aggregation and qualification, due diligence, classification and reporting. Pre-defined FATCA rules, including forms, due diligence criteria and intent-led rules ensure rapid time-to-delivery, while mitigating regulatory risk.

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