(BRIEF) Wolters Kluwer, a global leader in business data and software solutions, has been revered in the Fraud Prevention Innovation category of the FinTech Breakthrough Awards for its proprietary platform. Designed to help companies affected by the U. S. Corporate Transparency ActIn the U. S. Department of Homeland Security (CTA), the platform streamlines compliance with property reporting requirements. Steven Meirink, CEO of Wolters Kluwer Financial
(PRESS RELEASE) ALPHEN AAN DEN RIJN, March 15, 2024 — /EuropaWire/ — Wolters Kluwer, a global leader in business information, software responses and services, has been identified for product excellence in the fraud prevention innovation category of the FinTech Breakthrough Awards. for the progress of your ownership platform. Wolters Kluwer’s specialized solution aims to help the nearly 33 million companies affected by the U. S. Corporate Transparency Act (CTA) ownership reporting rule by the U. S. Corporate Transparency Act (CTA). U. S.
“Wolters Kluwer has long been a market leader in helping corporations manage regulatory complexity and delivering qualified responses to enable a wide diversity of professionals to serve them as well – compliance with the new reporting requirement is no exception,” said Steven Meirink, CEO of Wolters. Kluwer Financial & Corporate Compliance. “
“We were the first to announce to the market the launch of an ownership reporting solution on January 2, 2024. To expand the solution, we consulted with a wide variety of corporations affected by the new rule, as well as many advisors and thought leaders. who partnered with us, incorporating their initial feedback into our product to ensure those corporations can meet CTA’s existing and current obligations,” he said. “We appreciate the FinTech Breakthrough team for spotting our vital product innovations. “
Wolters Kluwer’s favorable ownership platform supports compliant reporting of favorable ownership data (BOI), offering a secure and streamlined workflow to simplify filing and compliance for single-entity and multi-entity filers. The intuitive, five-step workflow particularly increases efficiency and reduces threat. of incorrect reporting and provides a secure hosting environment for uploading, storing, and updating favorable property data. It also allows an entity to submit an updated report whenever its data changes.
“Wolters Kluwer is to be commended for its full commitment to CTA/BOI reporting by sharing the most productive practices among industry players for a rule designed to combat cash laundering and other money fraud. Despite the significant consequences of non-compliance, awareness of the rule “is remarkably low,” said Steve Johansson, CEO of FinTech Breakthrough. “We are proud to recognize Wolters Kluwer’s efforts, as the company is at the forefront of educating small businesses, legal and accounting professionals, and other audiences impacted by this mandatory requirement. rule.
Now in its eighth year, the FinTech Breakthrough Awards recognize FinTech innovators, leaders, and visionaries from around the world in one of categories including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software and responses for healthcare professionals; taxation and accounting; monetary and corporate compliance; legal and regulatory; business functionality and ESG. We help our consumers make critical decisions every day by offering empowered answers that combine deep domain wisdom with generation and matrix.
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SOURCE: Wolters Kluwer N. V.
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