Articles

Gain deeper insight with articles that give our considered opinion and predictions of where the industry will go next.

Joining the Compliance Dots: Periodic Reviews

FATCA due diligence deadlines are starting to pass so it is time to breath a big sigh of relief. Well, no. In this post, Ross McGill explains the FACTA control and oversight system and why Responsible Officers should be considering interim period reviews.

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QI vs NQI, That is the Question

In this post, Ross McGill discusses QI status vs NQI status and asks why so many financial firms are recommending that clients become QIs.

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  • GATCA: A Practical Guide to Global Anti-Tax Evasion Frameworks

    TConsult's subject matter experts Ross McGill, Chris Haye and Stuart Lipo have written a new book providing a practical guide to global anti-tax evasion frameworks. In this post, Stuart describes the context for the book...Read more

  • Are FATCA’s Dissenters Tilting at Windmills?

    Like Don Quixote, FATCA’s dissenters may have misidentified their enemy. So what is the problem with FATCA and what might happen if the anti-FATCA movement succeed in getting it repealed?Read more

  • The Challenges of GATCA

    The global anti-tax evasion frameworks that comprise GATCA have as many commonalities as they have differences, so it makes sense to approach regulatory compliance in a holistic fashion. In this post, we explore how smaller firms are responding to the pressures of compliance...Read more

  • FATCA Misconceptions

    For some within the industry, the mere mention of ‘FATCA’ is enough to spark compliance-nightmare flashbacks. The ever unpopular FATCA regulations have now been with us for seven years. But, despite its relative longevity, there are a surprising number of misconceptions surrounding FATCA....Read more

  • Will AEoI be the new Equifax?

    What are the data security risks associated with the AEoI framework? In this post, Ross McGill explores some of the risks and issues a stark warning to the financial services industry.Read more

  • Why W8? – Start re-papering over the cracks now!

    QIs and NQIs face a rare opportunity to dramatically increase their W-8 compliance rate by re-papering all existing clients using the IRS' new W-8 forms. Find out how such a project could benefit your firm and why it could be worth it in the long run.Read more

  • 3 Things To Annoy You About W-8s and 3 Things You’ll Love

    The IRS just made three HUGE changes to W-8 series of self certification forms used by almost every financial institution across the globe to categorise their non-US customers, and there's a lot to love...Read more

  • Remember your New Reporting Obligations Under AEoI / CRS

    You're just getting over the initial FATCA and QI reporting, submitted all of your 1042-S forms, and now you're looking ahead to September and the deadline for all those 1042 forms. However, you may need to report under AEoI/CRS at the same time. Are you planning ahead to avoid this headache?Read more