FircoSoft, the leading global provider of watch list filtering solutions, announced today it has signed a partnership with Jenkins-Lara Consulting (JLC) to resell, implement and support its FATCA, sanctions screening, and KYC filtering solutions in Central America.
JLC was founded in 1992 and provides risk management, compliance, and financial crimes identification and mitigation consulting services to support a global customer base in both private and public sectors, including Fortune 500 corporations, global financial institutions, U.S. Government contractors and agencies of the U.S. Government and foreign governments.
“We are very pleased to be partnering with FircoSoft, the watch list filtering market leader and early innovator of a FATCA-ready solution. Together with FircoSoft, we look forward to helping foreign financial institutions in Central America strengthen compliance controls and ensure the legitimacy of transactions processed through regional financial centers,” said Antonio Jenkins-Lara, Principal of Jenkins-Lara Consulting. “Central America is an attractive target for money launderers, terrorist financiers, and tax evaders; effective and proven solutions from FircoSoft will help financial institutions in the region to protect against illegal practices and mitigate the risk of both FATCA and sanctions violations.”
“We are very pleased to add JLC to our partner network, providing strong technical, financial and risk management expertise, and local experience to ensure that financial institutions in Central America adopt FircoSoft solutions with total customer satisfaction,” said Gerry McMurrer, Managing Director of FircoSoft, Inc. “Together with JLC’s strategic alliances and impressive network in the regional financial industry, we will ensure faster market penetration while expediting time-to-compliance for our FATCA, sanctions screening, and KYC filtering solutions.”
JLC will resell Firco Continuity which is used to filter transactions to avoid processing illegal payments, Firco Due Diligence, used to filter entities and/or customers’ information to prevent doing business with risky parties, the Firco List Service, used to enhance list management and filtering performance, and Firco FATCA, used to ensure FATCA and Global Tax Information Exchange compliance. Implementation and support services for FircoSoft’s solutions will be also
offered by JLC experts.
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