About PVin
PVin Corp, doing business as Global Comply Solutions, is a privately-owned New York based Compliance & Regulatory Reporting Solutions and Services Firm, founded by Big 4 Tax & Regulatory Consultants, Banking Solution experts, Technology integrators and Data Specialists.
We sell software applications for FATCA (Foreign Accounts Tax Compliance Act), CRS (Common Reporting Standards) also known as AEOI (Automatic Exchange of Information), Compliance & Reporting and provide Data, Integration and Architecture Services to BFSI sector- Banks, Financial Services, PE Funds. Depositories, Brokerage Firms, and Insurance Companies.
Genesis of our compliance Platform is basically increasing global trend towards regulations for Tax Transparency, Capital Adequacy and Liquidity. There have been many legislations like BASEL III, Solvency II, Dodd Frank, MiFID II, FATCA, CRS (AEOI) and so on. Our platform helps the compliance framework required under most of these regulations.
Who We Serve
Banks & Financial Services Firms
If you are a bank with international operations, or have international customers in your domestic banking, under global Tax Transparency regulations like FATCA, and CRS(AEOI), you have to report the financial and tax information of your customers to Tax Regulators and Central Banks.
Banks and Financial Services Firms worldwide have challenges in (a) consolidating Tax Information from disparate systems, (b) Tracking Regulatory Changes in 100+ Jurisdictions, (c) Tax Sensitizing Reference Data, and (d) Reporting Aggregation by Country and by Entity.
We have released successfully an Integrated FATCA, and CRS compliance platform called Factor, that addresses tax information consolidation and have solutions in place for Tax Data Hub, Reporting Aggregation, and Tax Rules & Contents Engine.
Any Broker-dealer, who deals with sale and purchase of Equities, and Commodities for Foreign customers including individuals and business entities need to comply with FATCA, and CRS (AEOI).
Any Depository Institution, providing Portfolio Management and Clearing Services to any of its members who are liable to report tax overseas, are classified as Intermediary Institutions and have to report such members’ financial and tax information to Tax Regulators under FATCA, and CRS (AEOI).
Depositories, Brokerage and Securities Firms worldwide have challenges in (a) consolidating Tax Information from disparate systems, (b) Tracking Regulatory Changes in multiple (100+) Jurisdictions, (c) Tax Sensitizing Reference Data, and (d) Reporting Aggregation by Country and by Entity.
We have released successfully an Integrated FATCA, and CRS compliance platform called Factor, that addresses tax information consolidation and have solutions in place for Tax Data Hub and Reporting Aggregation.
Insurance Companies
Certain types of Insurance Companies are subject to FATCA, and CRS (AEOI) Compliance and Reporting:
1. “FATCA is applicable to any insurance company or a holding company that is a member of an expanded affiliated group that includes an insurance company, and the insurance company or holding company issues, or is obligated to make payments with respect to, a cash value insurance or annuity contract”
2. CRS(AEOI) is applicable to any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.
Insurance Companies worldwide have challenges in (a) consolidating Tax Information from disparate systems, (b) Tracking Regulatory Changes in 100+ Jurisdictions, (c) Tax Sensitizing Reference Data, and (d) Reporting Aggregation by Country and by Entity.
We have released successfully an Integrated FATCA, and CRS compliance platform called Factor, that addresses tax information consolidation and have solutions in place for Tax Data Hub and Reporting Aggregation.