We use cookies to make this site as useful as possible. Read our cookie policy or ignore.

The pace of change

14 November 2014

The pace of change – read more about FATCA

Keeping up with the evolution of FATCA

Since 2010, there has been a phenomenal increase in the pace of international initiatives designed to deter and detect tax evasion. The reputational and financial risks for failure to comply are high. The pace of legislative and regulatory change to implement these changes, coupled with the complexity of the obligations across multiple regimes in each territory creates significant costs, risks and operational challenges for financial institutions (FIs).

The catalyst for this is the introduction of the US Foreign Account Tax Compliance Act (FATCA) requiring FIs outside of the ...

Please sign in to read more

Forgotten your password?

Do you need access?

Some Governance + Compliance articles are only available to subscribers

Don’t fall behind. Choose your route.

Become an Affiliate member

Subscribe to Governance + Compliance magazine