BearingPoint has settled several important interpretation points in its FATCA approach. Some of these may help financial instituations required to report under FATCA to make decisions on their own approaches to the FATCA requirements.
As part of our regulatory watch services these new interpretations points will be incorporated into BearingPoint’s standard FiTAX FATCA and QI reporting platform, allowing all our clients to share in the collective FATCA reporting standardisation without the risks inherent in decisions and implementations by individual institutions.
Two relevant examples include:
Please see the full list of interpretation points in the Newsletter below.
We hope FATCA professionals find this update informative, and would warmly encourage you to contact us to discuss how BearingPoint’s integrated FATCA consulting services and reporting platform might be useful to your organisation and the challenges imposed by the FATCA requirements.
BearingPoint has been working on a very wide range of client requirements, ranging from group wide FATCA reporting compliance (including the technology platform enabling such compliance) through to tactical assistance in accelerating in-house FATCA programmes that benefit from gaining access to our global experience base.