FATCA

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Alacra Compliance Primer – Robust Onboarding is Key to Customer Classification Compliance Under MiFID, FATCA and EMIR

As the push for transparency continues to evolve under MiFID, FATCA and EMIR, robust onboarding practices that comprehensively capture key attributes of each client, owner and counterparty will be needed to meet reporting requirements for customer classification. These regulatory schemes nudge existing AML/KYC systems into the realm of tracking client sophistication and understanding the purposes […]

New Focus on Due Diligence Challenges with Extension of FATCA Deadlines

Addressing the challenges of workflow protocols for onboarding new account data and managing existing account data is receiving a new focus by financial institutions sparked by the IRS recently granting a six-month extension for key FATCA compliance deadlines.

Determining FATCA Classification

By |September 10th, 2013|FATCA, Know Your Customer, Posts|

Periodic Table of Entity and Security Identifiers Updated

Today we updated the Periodic Table of Entity and Security Identifiers to help our friends in compliance and in the reference data worlds keep track of the many identifiers around the world. It’s been an entire year since our first pass at organizing this detail, so there are several changes. With the advent of […]

By |August 19th, 2013|FATCA, Information Industry, Legal Entity Identifiers, Posts, Reference Data|

Top 10 FATCA Explanations You Need to Read

W8-BEN FormFATCA panic mode seems to be dialing up slightly with the imminent release of the GIIN system. The panic briefly let up when, on July 12, 2013 the IRS released a revision to the deadlines for FATCA compliance. Here are the top sites, […]

By |August 13th, 2013|FATCA, Posts|