Dion launches FATCA TRAC Indicia Check Service
Date: Jan 30, 2013
Categories: Risk and Regulation, Technology & Operations
London, January 28th 2013 - Dion Global Solutions, technology partner to the financial services industry, today announced that it has launched the FATCA (Foreign Account Tax Compliance Act) TRAC Indicia Check Service to assist financial firms in making an initial assessment of the impact of the FATCA regulations on their business.
The announcement follows the publication of the long-awaited final regulations for the implementation of FATCA by the U.S. Treasury Department and Internal Revenue Service. Aimed at combating offshore tax evasion, FATCA has far-reaching implications for financial institutions around the world. Firms globally now need to put compliance programs in place to ensure required timeframes are met.
Re-disseminated by The Asian Banker