CTI, Markit Launch Fatca Compliance Tool

A view of Washington DC
Washington-based CTI has partnered with Markit to launch its Fatca compliance bureau.

CTI's tax validation and reporting systems work alongside Markit's counterparty management services to offer automated tools for Internal Revenue Service (IRS) registration and e-tax form submission.

"Fatca compliance is another process-intensive requirement placed upon the financial industry that demands an automated solution," says Jeff Gooch, managing director and global head of processing at Markit. "Combining the know-your-customer functionality, document management and reporting tools offered by Markit with CTI's unparalleled domain expertise gives the global fund industry an efficient way to manage Fatca compliance."

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