TruCom - (AML / KYC Compliance)
With the TruCom product, you can easily consolidate the current manual process into a simple, easy to use, software platform designed to specifically protect you from errors during your audit. The software includes forms and features such as:
Form 1042,
Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding
Form W-9, Request for Taxpayer Identification Number and Certification
Form 8300
Form 945
Monetary Instrument Log (MIL)
Form 1099-Misc, Miscellaneous Income
Multiple Transaction Logs (MTL)
Currency Transaction Report (CTR)-Automated Submission
Suspicious Activity Report (SAR) -Automated Submission
Reprint Tax Forms
Tax File Export for IRS Fire System
Patrons are verified against a national database and 26 different watch lists
Full integration with Lexis Nexis for FinCEN know your customer requirements
Full integration with TIN Check for SSN verification
Full integration with automated ID verification hardware and software tools
Mobile Jackpot processing to improve customer experience and reduce wait time
TruCom provides a consistent platform for automating your AML / KYC Compliance
Banks are commonly faced with the challenge of determining a customers true identity and making certain the proper forms are filed with FinCen, IRS and various other government agencies. TruCom offers a consistent software platform to automate and track this process. Banks are provided the ability to leverage tools like facial and voice recognition to improve their current process, and along with ID scanning and verification to further know their customer’s true identity