Navigant Announces FATCA FIND To Assist with FATCA Compliance
Simplifies the FATCA due diligence procedures for global financial institutions
FATCA, which requires non-U.S. financial institutions to identify U.S. persons who are account holders, outlines a list of key criteria that indicate U.S. status. These data points can often be found in the electronic and paper records associated with each account. FATCA FINDSM helps global financial institutions search through these records to establish U.S. status or determine whether additional information should be requested to ascertain the account holder’s status as a U.S. taxpayer.
“Complying with FATCA will require foreign financial institutions to
review tens or hundreds of thousands of accounts for indicia of U.S.
taxpayer status, and to certify that the reviews have been done
FATCA FINDSM leverages dynamic decision flow and case management systems to assess the data contained in the various sources whose review is required by FATCA. Additionally, FATCA FINDSM includes robust reporting options and is fully auditable, enabling clients to certify compliance with FATCA as required by the law. FATCA FINDSM was developed utilizing the expertise of Navigant’s Global Investigations & Compliance professionals.
About Navigant’s Global Investigations & Compliance Practice
Navigant’s Global Investigations & Compliance practice brings critical expertise and resources to clients to assist them with identifying, assessing and managing the compliance and business risks related to financial economic crimes, money laundering, sanctions, bribery and corruption matters, investigative due diligence, FATCA, monitoring and forensic accounting investigations related to fraud, waste and abuse.
More information about Navigant’s FATCA services can be found at www.navigant.com/fatca.
Amanda Mareci, Marketing, 646.227.4379