Know Your Customer

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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|

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 […]

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|

Sanctions Lists, PEPs, and Database Checks–Regulatory Highlights

Nowhere in the regulations are financial institutions instructed to use a proprietary database or conduct a proscribed level of research when onboarding a new customer or counterparty. Yet this is where the bulk of the money is spent: in database costs, workflow tools, and investigative labor. As this is where the money is, we have […]

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 Partners With Nominodata

ALACRA, INC. PARTNERS WITH NOMINODATA TO PROVIDE ENHANCED DUE DILIGENCE TOOL VIA ALACRA COMPLIANCE

New York, New York, 6, December, 2012 — Alacra, Inc., a leading provider of online business information solutions, and Nominodata, a solutions company formed to help clients with worldwide identity, compliance, and risk management issues, today announced a partnership to deliver Nominodata’s […]

Best Practices in KYC for Financial Institutions

Alacra has announced the release of “Best Practices in KYC for Financial Institutions,” a white paper which answers the question most frequently asked of Alacra during compliance workflow discussions, “What are other banks doing to meet these challenges?” Read more… Download White Paper

By |October 24th, 2012|Alacra, Compliance, Financial Regulations, Know Your Customer, White Papers|

Alacra Releases the Periodic Table of Bank Regulation and Compliance

May 23, 2012 – New York: Alacra, Inc., a leading provider of business information‐based solutions for the financial and professional services industries, today announced the release of “The Periodic Table of Bank Regulation and Compliance”.

“I can’t keep track of all these financial regulations!”  Alacra had heard that lamentation more times than they could count. In an effort […]

Alacra Compliance Wins 2011 CODiE Award

Alacra’s risk and regulatory workflow tool wins award for “Best Solution Integrating Content into Workflow”

January 26, 2011 – New York: Alacra, a leading provider of online business information solutions today announced that Alacra Compliance has been named the 2011 Software and Information Industry Association CODiE award winner for “Best Solution Integrating Content into […]