Banks must prepare for more Fatca-style legislation, experts warn

tonywicksactimize
Tony Wicks, Nice Actimize

Banks must prepare for regulation similar to the US's Foreign Account Tax Compliance Act (Fatca) from other jurisdictions, experts warn. The high likelihood of such legislation being imposed means they need to ensure their Fatca compliance programmes are future-proof.

"There is a lot of speculation in the industry associated with this and most see it as a real possibility," says Tony Wicks, London-based director of anti-money laundering at US security firm Nice Actimize. "The timelines on Fatca

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