Wolters Kluwer Wins Top 2024 Globee American Business Award Honors for Beneficial Ownership Reporting Solution
June 21 2024 - 8:04AM
Business Wire
Recognition highlights advancing public
awareness around new Corporate Transparency Act reporting
requirement
Wolters Kluwer has been named a Gold-level winner in the 2024
Globee® American Business Awards for its efforts in helping
businesses comply with new, beneficial ownership information (BOI)
reporting requirements under the Corporate Transparency Act (CTA).
Wolters Kluwer won in the Regulatory Category for its Beneficial
Ownership Platform, launched in conjunction with the rule’s January
1, 2024 effective date.
“We are pleased by this industry honor, which recognizes the
many ways Wolters Kluwer has helped advance public awareness of the
new CTA reporting requirement—not only through our development of a
secure, industry-leading online tool for entities subject to the
reporting rule, but through our many collaborations with industry
partners and efforts across our own organization to promote
compliance readiness,” said Rupak Venugopal, Vice
President, Beneficial Ownership, Wolters Kluwer Financial &
Corporate Compliance.
Wolters Kluwer has been at the forefront in raising public
awareness around the new CTA reporting rule, having created a range
of resources—from an easy-to-use, self-guided eligibility quiz and
recent launch of a BOI compliance podcast series—to building out a
website of practical compliance content, to hosting a series of
webinars and generating informative media placements about BOI
compliance in national publications such as Compliance Week,
American Lawyer, and Bloomberg News.
“Given that CTA reporting will impact nearly 33 million
businesses in 2024 alone, we continue to diligently focus our
efforts in building greater public awareness, trust and
understanding around complying with this reporting mandate, while
providing impacted businesses with the means to file in a safe,
simple and secure manner,” he added.
Now in its ninth year, the Globee American Business Awards
recognize “outstanding achievements across various categories in
American business.” The Globee achievement marks the fourth
industry honor bestowed on Wolters Kluwer in 2024 for its
beneficial ownership compliance expertise.
Wolters Kluwer CT Corporation offers a suite of BOI solutions to
help businesses of all sizes meet their ongoing reporting
obligations. Its Beneficial Ownership Platform securely stores and
retains BOI filing information, making both multiple entity filings
and amendments much less time-consuming. As an authorized API
filing participant, CT Corporation technology connects directly to
FinCEN’s Beneficial Ownership IT System reporting portal, enabling
the upload of thousands of filings in real time in a compliant,
secure manner.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in
information, software solutions and services for professionals in
healthcare; tax and accounting; financial and corporate compliance;
legal and regulatory; corporate performance and ESG. We help our
customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with technology and
services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 21,400
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow us on
LinkedIn, Facebook, YouTube and Instagram.
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David Feider Associate Director, External Communications
Financial & Corporate Compliance Wolters Kluwer Office +1
612-246-9454 david.feider@wolterskluwer.com