Noncompliance Penalties Cost Millions
Under political and budgetary pressures, regulators at the state and federal levels are increasing fines against violators. Simple-to-use ID verification solutions from AssureTec provide the technology you need at a price you can afford. In fact, a typical fine would cost more than any of our solutions.
- Comply with regulations and avoid fines or license suspension
- Protect your customers and shareholders
- Eliminate human error with advanced technology
- Be prepared for your next audit
The Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), and other federal financial regulators require certain financial institutions to establish procedures to verify the identity of new account holders.
Eliminate Mistakes, Avoid Fines and Improve Customer Service
The PATRIOT Act, Red Flags Rules, HIPAA and Know Your Customer (KYC) regulations all mandate increased identity validation of customers. Compliance with Customer Identification Program (CIP) rules is a snap.
IRS and labor laws require positive identification of employee citizenship status. Complying with employment eligibility verification requirements has never been easier. Hire new employees and complete I-9s with confidence.
On the sale of regulated products like alcohol and tobacco, states and municipalities are cracking down on lax enforcement of age verification with increasingly punitive fines and penalties. Don't lose your license!
Call AssureTec customer service today for detailed information and a customized solution profile for your organization.