US Tax Regulations – Chapter 3 and 4 Updated Course Structure

US Tax Regulations – Chapter 3 and 4 Updated Course Structure

Over the last few years we have delivered many courses to financial institutions all over the world on the practical impacts of QI and FATCA. These topics have usually been delivered in series within the course i.e. QI first and then FATCA. With the increasing overlap...
FATCA Wars Episode IX – Revenge of the Myth

FATCA Wars Episode IX – Revenge of the Myth

OK, so I admit, I’m conflicted. As a purist and one who was brought up in a scientific environment, I get really frustrated when I see so many half truths and misconceptions in a regulatory environment. Regulation should be first about clarity and that will lead to...
FATCA Wars: Episode V – Phantom Menace

FATCA Wars: Episode V – Phantom Menace

It seems as though many of my observations regarding some of the more obvious holes in either FATCA (Chapter 4) and/or the QI regulations (Chapter 3) are finding an interested audience. So here’s another one that occurred recently: There are two possible ways in which...
BEN or IMY That is the Question

BEN or IMY That is the Question

While everyone is still running around worrying about FATCA and its children, CRS and AEoI, the US Chapter 3 tax regulations still need to be handled. Despite it being 14 years since these regulations came in, problems keep coming out of the woodwork. The latest,...
IPRs: The Story Continues…

IPRs: The Story Continues…

I started this blog series from the premise that FATCA has control and oversight mechanisms consisting of two parts: a continuing obligation on the responsible officer (RO) to declare any events of default or material failure of control adequacy, and a three year...