FATCA Survey Results

The Foreign Account Tax Compliance Act is coming. How prepared are firms?

Thomson Reuters recently surveyed the industry on FATCA preparedness. The survey covered nearly 200 compliance, risk, audit and legal practitioners from firms across Europe, the Americas, Australasia, Asia, Africa and the Middle East.

While most firms appear to be aware of the decisions that need to be taken around FATCA minimal regulatory guidance, lack of budgetary allocation and partial board awareness threaten to stretch already saturated risk and compliance functions in the financial services sector. Read the full report and benchmark your operations.

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