Friday, April 26th 2013
GoldTier was selected from thousands of companies in the state of New Jersey to receive the New Jersey incubation award in recognition of GoldTier’s product innovation and promoting growth and business excellence.
The award was presented by the New Jersey Lieutenant Governor and Secretary of State, Kim Guadagno to GoldTier’s CEO, Yaron Avitov.
Join GoldTier at our FATCA Roundtable event in New York City:
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Panelists Include:
For more information, please contact: events@goldtier.com
Hong Kong, Wednesday 13 June 2012 – GoldTier is pleased to announce that CLSA Asia- Pacific Markets (“CLSA”) has deployed the GoldTier software solution, enabling CLSA to standardise the Client Onboarding / Know Your Client (“KYC”) and Anti-Money Laundering policies and procedures.
The GoldTier software solution offers a client data model with KYC capabilities that can handle the complex client hierarchies, products, services, relationships and onboarding processes found in global financial institutions such as CLSA.
CLSA, Asia’s leading and longest-running independent brokerage and investment group, aims to control operational costs while adhering to current and future regulatory requirements. The first step in achieving this goal is the adoption of a standardised global software platform. After a thorough evaluation process, CLSA selected GoldTier because of its domain knowledge and proven track record in providing KYC solutions within aggressive timeframes.
With the implementation of GoldTier software solution, CLSA is provided with not only a base standard for KYC but also the flexibility in catering for each individual country’s unique regulatory requirements.
President & COO of GoldTier, Matthew Tebaldi, said “CLSA needed a solution that was flexible enough to support automating their in-place policies while implementing new policy standards as they are reviewed and approved. GoldTier is committed to working with CLSA to set and implement these best practice standards.”
Head of AML/RDT at CLSA, Richard Williams said the rollout of GoldTier software solution underpins CLSA’s effort to adopt and enforce KYC standards globally. “This tool provided by GoldTier has positioned CLSA better to adopt new standards and policies in a more efficient and cost-effective way. With the full transparency into the KYC onboarding policy and process, GoldTier allows us to monitor our approaches and implement swiftly the new standardised process.” Williams added.
It is critical for financial institutions such as CLSA to be able to implement a client onboarding and KYC software framework in parallel to the challenging process of standardising KYC policies globally.
The Bank of New York Mellon has licensed the GoldTier FATCA module as an extension to their GoldTier Client Onboarding and KYC solution. The GoldTier FATCA module will automate the process of capturing and classifying entities, handling the collection and validation of US tax forms and FATCA documentation, and automatically determining entity FATCA withholding / reporting statuses.
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