Foreign account tax compliance act (fatca)
Changing deadlines, reporting and classification challenges, and the impact of intergovernmental agreements are the major concerns being raised in relation to the Foreign Account Tax Compliance Act. A...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Foreign account tax compliance act (fatca) articles
The Foreign Account Tax Compliance Act stands to transform the global tax framework and how financial institutions track and report on their clients’ financial assets. With the law slated to come into effect in 2013, its implications and how financial...
In a year of scandals involving Libor, mis-selling and money-laundering in acquired institutions, the banking sector remains under the spotlight. Luc Vanneste of Scotiabank talks to Jessica Meek about the importance of maintaining a strong internal culture...
Jurisdictions with an intergovernmental agreement in place may find foreign financial institutions facing a legal conflict with Foreign Account Tax Compliance Act compliance
Fatca is the latest US regulation to impact the Asian finance sector – and despite its extensive reach not all players in the region are ready for its imposition
Ulf Norén, global head of sub-custody at SEB, says banking is facing its most challenging time since he began working in the industry
US firms expected to push back on Fatca quid pro quo
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future