Wolters Kluwer Honored with International Business Award for Innovative Beneficial Ownership Reporting Platform

Wolters Kluwer Honored with International Business Award for Innovative Beneficial Ownership Reporting Platform

(IN BRIEF) Wolters Kluwer has been awarded an International Business Award for its Beneficial Ownership Platform, designed to help businesses comply with the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements. Launched on January 1, 2024, the platform simplifies the compliance process for millions of businesses. Rupak Venugopal, VP of Beneficial Ownership, expressed pride in the recognition and emphasized their commitment to providing resources and support to meet BOI filing needs. Additionally, Wolters Kluwer has been shortlisted for the 2024 U.S. Fintech Awards, marking its sixth industry recognition for BOI compliance technology this year. The International Business Awards received over 3,600 nominations from 62 countries. Wolters Kluwer has also focused on increasing public awareness of CTA reporting through various resources, including podcasts, webinars, and informative media placements.

(PRESS RELEASE) ALPHEN AAN DEN RIJN, 3-Oct-2024 — /EuropaWire/ — Wolters Kluwer has been honored with an International Business Award for its innovative approach to assisting businesses with the new beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The company received the award in the Business Technology Solution achievement category for its Beneficial Ownership Platform, which was launched on January 1, 2024, coinciding with the effective date of the new regulations.

Rupak Venugopal, Vice President of Beneficial Ownership at Wolters Kluwer Financial & Corporate Compliance, expressed pride in the recognition: “We are pleased to be acknowledged for our leadership in the industry. Our online technology platform enables millions of businesses subject to beneficial ownership reporting to comply easily and securely, supported by our expert team. With the year-end deadline approaching, we are prepared to equip businesses with the necessary knowledge and tools to meet their BOI filing requirements, whether for a single filing or for thousands. We are committed to maintaining our reputation as one of Newsweek magazine’s Most Trustworthy Companies, serving as a reliable partner in their compliance efforts.”

In addition to this accolade, Wolters Kluwer has been shortlisted as a finalist in the Regtech category for the 2024 U.S. Fintech Awards, marking the sixth recognition this year for its advancements in BOI compliance technology.

Celebrating its 21st year, the International Business Awards are recognized globally as the premier business awards program, featuring over 3,600 nominations from organizations across 62 countries and territories in various categories.

Wolters Kluwer has actively contributed to raising public awareness regarding the CTA reporting requirements. The company has developed a variety of resources, including a user-friendly self-guided eligibility quiz, a podcast series dedicated to BOI compliance, and a comprehensive website filled with practical compliance information. Additionally, Wolters Kluwer has hosted a series of webinars and generated informative media content to enhance understanding and promote adherence to the BOI reporting rules.

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.

Media Contact:

David Feider
Associate Director, External Communications
Financial & Corporate Compliance
david.feider@wolterskluwer.com
+1 (612) 852-7966

SOURCE: Wolters Kluwer