The Asian Banker

Financial institutions still taking refuge behind popular FATCA myths
Colin Camp, managing director of Dion Global Solutions, feels that FATCA compliance is a task that needs continual monitoring for internal compliance, changing client status and further regulatory adjustments.

Sep 04, 2013 | Colin Camp

As important deadlines for FATCA implementation draw closer, there is still a troubling lack of awareness about what foreign financial institutions are really required to do. Many appear to be taking refuge behind popular myths about FATCA that have taken root in the industry. It is time these myths were resoundingly debunked, if institutions are to successfully navigate the waters of international regulation and benefit from the support that is available to them.


Categories: Data & Analytics, Data Management, Regulation, Risk & Performance, Risk and Regulation
Keywords: Colin Camp, Dion Global Solutions, FATCA, KYC, IRS, IGA
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