Trans World Compliance, Inc. (TWC) was founded by David Olenzak in 2014 to assist Financial Institutions and Governments with software to meet the needs of a rapidly changing compliance environment and is a pioneer in FATCA and BEPS compliance solutions.
TWC is headquartered in Washington, DC, USA but has a worldwide dedicated team of seasoned professionals to serve its international client base.
TWC has a different approach to Governance, Regulatory, and Compliance software development. Trans World software is based on the following guiding principles:
- Develop software from a user's perspective
- Make software simple; compliance is complicated enough
- Security is paramount
- Keep adapting to stay ahead of a constantly changing regulatory landscape
Trans World Compliance's offering include:
CRS/FATCA One for Financial Institutions™ is installed or available via the cloud to assist Financial Institutions with complying with US FATCA, UK FATCA, and Common Reporting Standard (CRS) FATCA standards.
CRS/FATCA One for Tax Authorities™ assists Tax Authorities with receiving, reviewing, and exchanging US FATCA, UK FATCA, and Common Reporting Standard (CRS) FATCA data.
Country-by-Country Reporter™ assists Tax Authorities with compliance with the OECD Base Erosion and Profit Shifting (BEPS) Action item 13 Reporting for Multi National Enterprises.
TWC's entire production line was developed to provide financial institutions and tax authorities with the ability to easily comply with FATCA regulatory reporting, designed by international compliance and IT experts, adheres to a full range of international standards, and supports multiple rule bases with specifics for different jurisdictions and reporting year.