CAIRO, EGYPT--(Marketwired - May 28, 2014) - Capital Banking Solutions, a provider of FATCA Compliance software, today announces its partnership with Alraya Consulting and Training Ltd in order to inform banks across the Middle East and Africa of important FACTA deadlines, rules and strategies for achieving compliance.
The companies are hosting an educational workshop this Thursday, the 29th of May at the Intercontinental Cairo Semiramis Hotel, Pavilion Hall, from 2:30 to 8:00 pm.
FATCA imposes a serious financial penalty on financial institutions unless they comply with the new US IRS tax regulations which require individual banks and brokerage companies to identify, document and report their US account holders or investors.
Speakers Hany Abou-El-Fotouh, the Founder and President of Alraya Consulting and Training Ltd, Amr El-Antably, the Chief Compliance Officer at the National Bank of Kuwait, and Georges Kouchakji, the Business Development Manager at Capital Banking Solutions will cover key topics including:
- Overview of FATCA, including effective dates, requirements for implementing new tax reporting systems
- The significant penalties for non-compliance
- The implication of FATCA rules for the financial service industry
- Leveraging technology to comply with FATCA rules
About Capital Banking Solutions
Capital Banking Solutions is a leading provider of end-to-end, integrated banking software for businesses across Europe, Africa, the Middle East and the Americas. The company offers a suite of integrated and modular products for retail, corporate and private banks, as well as financial institutions, including Core Banking, Portfolio Management, BI, CRM, Compliance and Mobile Banking. The Capital Compliance FATCA Module helps organizations to identify US entities, generates alerts and workflow between the Compliance Officer and Relationship Manager, maintains an audit trail, and provides the necessary reporting to authorities. Capital Banking Solutions combines its rich, 25-year history of banking expertise with innovative, proven software to deliver full service solutions to over 200 customers worldwide. For more information visit http://www.capital-banking.com
About Alraya Consulting and Training Ltd
Alraya Consulting and Training is a set experienced professionals committed to providing the highest consulting standards within the financial service industry. Alraya's consultants are experienced problem solvers with many years hands-on experience including banking and finance, human capital, information management, internal audit, strategy, corporate governance, compliance, corporate valuation among many other services. Alraya Consulting and Training provides specifically tailored, cost effective solutions to our clients. For more information visit http://www.alrayaconsulting.com