Navigant Introduces Additional FATCA FINDSM Module Designed Specifically to Meet Requirements of New Intergovernmental Agreements
New Capability Allows Flexibility for Companies Operating in IGA and Non-IGA Jurisdictions
FATCA, which comes into effect in 2013, requires non-U.S. financial institutions to identify U.S. citizens and residents and to categorize entity account holders into one of several classifications. The data points required for this analysis can often be found in the electronic and paper records associated with each account. FATCA FINDSM helps financial institutions search through these records to properly classify account holders.
The U.S. Treasury and the
FATCA FINDSM leverages dynamic decision flow and case management systems, as well as the expertise of Navigant’s Global Investigations & Compliance practitioners, to assess the data required for FATCA compliance in IGA and non-IGA countries. FATCA FINDSM includes robust reporting options and is fully auditable.
“The IGAs alter the FATCA playing field, changing the due diligence
requirements depending upon the location of the financial institution,”
More information about Navigant’s FATCA services can be found at www.navigant.com/fatca.
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.
Amanda Mareci, 646.227.4379
Navigant Investor Relations
Jennifer Moreno Reddick, 312.573.5634