Enterprise Analytics Process Technology

Regulatory Compliance

An ever-increasing number of digital assets that your organization retains for active reference are subject to regulatory compliance. EAPT provides your organization with regulatory compliance solutions that can mitigate risk, simplify data management, and benefit your bottom line.



BASEL II

Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face.

We believe that such an international standard can help protect your financial system from the types of problems that might arise should a major bank or a series of banks collapse. In practice, we attempt to accomplish this by setting up rigorous risk and capital management requirements designed to ensure that a bank holds capital reserves appropriate to the risk the bank exposes itself to through its lending and investment practices. The Basel II implementation:

  • Ensures that capital allocation is more risk sensitive;
  • Separates operational risk from credit risk, and quantifying both;
  • Attempts to align economic and regulatory capital more closely to reduce the scope for regulatory arbitrage.


SOX

In implementing the provisions of the Sarbanes-Oxley Act of 2002, many companies faced a serious dilemma in striking a balance between complying with the regulations, managing costs, and garnering benefits around improved internal controls. Five years later, Section 404 of the Act continues to place significant demands on CFOs and the C-suite to attain and sustain compliance. Many executives are also realizing the opportunity to leverage Sarbanes 404 compliance requirements for increasing shareholder value.

Smart companies complying with SOX for the first time want to learn from accelerated filers on how to achieve efficiencies. Our experts provide practical advice. Open-minded organizations are finding the pain of Sarbanes-Oxley compliance is yielding valuable operations insights, efficiencies and value.



Anti Money Laundering (AML)

According to a recent FBI report, lawmakers believe that 50% of the estimated billions of dollars that are laundered worldwide each year will pass through American banks.

The EAPT Anti-Money Laundering Service verifies the identities of businesses and their authorized agents and allows you to quickly pinpoint information on millions of businesses. You'll have access to active and inactive records of incorporation as well as pending filings, UCC liens, limited partnerships, limited liabilities, DBAs, incorporations, and Dun & Bradstreet and Experian business information.

Financial institutions around the world face increasing regulatory pressures to meet AML compliance requirements. EAPT Risk & Information Analytics Group offers compliance management solutions that can be integrated into any of our fraud prevention tools in order to streamline your compliance.