Senior Director, Emma Menzies, and Senior Manager, Josie Cuff, have written an article for STEP Journal about how trust companies should adapt to the ever-evolving regulatory environment.
With an increased global focus on tax transparency, financial institutions are expected to identify, monitor, assess and report client information quickly to meet the multitude of regulatory regimes. At JTC we have focused our efforts on developing technology, which can adapt to these changes and deploy a compliant internal and outsourcing solution, as well as recruiting regulatory reporting specialists to understand the required changes.
JTC has experience of submitting high volumes of regulatory reporting to multiple jurisdictions, has developed operational efficiencies and established global best practices. The decision for financial institutions to outsource to an experienced organisation such as JTC can therefore reduce many of the challenges financial institutions are facing.
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