Fatca-Fueled Shuffle

Amy Harkins BNY Mellon

With the US Foreign Account Tax Compliance Act (Fatca) seeming more likely to embolden other countries to create their own regulation aimed at collecting tax on foreign holdings, firms are starting to reorganize their data management processes to facilitate compliance with Fatca or similar rules elsewhere.

"With the validation rules and some of the information required for Fatca around the US documentation, it makes good business sense to try and merge some of that documentation, where the docum

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