Summary: The U.S. Foreign Account Tax Compliance Act (FATCA) requires non-U.S. financial institutions to identify and report annually on their U.S. account holders after 2012. The first actionable guidance for the implementation of FATCA has been promised by the U.S. IRS Commissioner soon after 1 January 2012. What are the main points of the regulations and how may these affect your firm? Learn how financial institutions can respond to the FATCA regulations to address the risks of severe penalties for non-compliance. (Live presentation was aired on 19 January 2012)
