Are You Ready For FATCA?

​​​Though the deadlines for the implementation of the Foreign Account Tax Compliance Act (FATCA) are rapidly approaching, many financial services firms still have a number of questions on the structure, scope, and ownership of FATCA programs. Covering aspects of regulatory compliance, tax accountability, and local and international law, the responsibility for spearheading FATCA processes within an organization is often vague, with many different groups contributing to an ultimately disjointed process. In addition, country-specific Inter-Governmental Agreements (IGAs) and varying laws around privacy add to the complexity of managing relationships between governments and other firms more complex for organizations.​

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