Foreign Account Tax Compliance Act Services - Get Ready Now

A practical approach

Financial institutions need to act now in order to understand the scale of the compliance challenge they face and to have the best chance of an orderly and cost effective implementation of the required process and procedures. Many institutions are looking to reach a workable compliance standard applying the final regulations, or will need to apply provisions of the relevant Intergovernmental Agreement (IGA) signed by their countries with the United States. To have the best chance of reaching a workable solution, institutions are:

• Undertaking FATCA communication programs, including workshops, to increase the awareness and understanding of the new requirements within the business