Foreign account tax compliance act (fatca)
Fatca withholding agents will not be effective without a vital document that is yet to be published, with only five days to go before deadline hits
Penalties for control failures and illicit transactions provide an excellent motive for banks to take fraud and financial crime more seriously – for many, this has meant following the path to Oracle...
With just a few months to go until the US tax-evasion law comes into force, banks are still uncertain on how to handle compliance
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Foreign account tax compliance act (fatca) articles
Time is running out for foreign companies to register under the US Fatca anti-tax-evasion law, but they are still frustrated by a lack of clarity on the law’s requirements, in particular the rules governing know-your-customer procedures
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.