"Stewart's FinCEN Reporting Services (FRS) platform tools include electronic filing of FinCEN reports, data validation, communication with buyers and sellers and secure document retention. Our FINCEN Reporting Services platform was built with direct input from industry leaders and compliance experts to provide our title and closing customers with peace of mind in meeting these new regulatory requirements, said Don Booher, vice president of Stewart Ancillary Services. By automating and streamlining AML reporting, FRS minimizes risk, reduces manual effort and delivers secure, reliable compliance for every transaction."
"FRS was ready to launch December 1, but now the additional three months has provided the opportunity to better educate our customers and fully understand the finalized forms' reporting requirements, ensuring the FRS solution takes the burden of FinCEN reporting off our title and closing customers, allowing them to focus on their business, said Mark Bauwin, Stewart FinCEN operations director."
Stewart's FinCEN Reporting Services (FRS) platform enables electronic filing of FinCEN reports with data validation, secure document retention, and communication tools for buyers and sellers. The platform was developed with input from industry leaders and compliance experts to help title and closing customers meet new regulatory requirements. Automation streamlines AML reporting, reducing manual effort and minimizing risk while delivering secure, reliable compliance for each transaction. FRS supports residential and commercial transactions, offers data encryption, real-time reporting dashboards, and secure party-to-party communication tools. A launch timeline adjustment allowed additional customer education and confirmation of finalized reporting form requirements.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]