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There’s little doubt that the six-month FATCA compliance delay is a welcome reprieve for foreign financial institutions (FFIs) across the world. It comes at a time when FFIs were beginning to feel ove...
Over the last few months alone, we’ve witnessed: the finalisation of FATCA, Dodd-Frank, EMIR, MiFID II rules, the proposal for an enhancement of existing money laundering rules in the form of the 4th...
Beneficial ownership is gaining significant exposure at the moment, with the UK intending to use its presidency of the G8 Leaders’ Summit next month to promote the improvement of international co-oper...
Attending a data management event last week in London, it suddenly dawned on me that banks are in real danger of missing regulatory deadlines for implementation of compliance initiatives to comply wit...
On the plane back from a meeting recently, I got to thinking about the complexity of compliance. The sheer number of new and evolving regulations that are coming down the road is simply staggering. Im...
Under FATCA rules, every foreign financial institution (FFI) must identify and classify all its clients with US indicia, but also do the same for all parties to financial transactions, including other...
What a difference a week makes! Since the announcement of the final regulations, it seems that every financial institution has just hit the accelerator button on their FATCA programmes. As a result,
The FATCA regulations have been widely tipped to be arriving very soon. However, multiple date changes so far for final FATCA regulations have created a huge amount of uncertainty in the market, which...