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  • Changes since Baseline 1/1/2017
  • FATCA and CRS Courses & Training
    • Password Protected Course Materials
  • FATCA, CRS & CDOT explained in 25 minutes
  • Revised FATCA Regulations
  • Rule Map
  • Supporting Documents
    • 6 things you are not being told about FATCA, the IGAs and the CRS
    • 871(m)
    • Accounts Excluded from Financial Accounts
      • Excluded Products/Accounts
    • Blog
    • Chapter Four Entity Classifications Vs UK IGA Entity Classifications
    • Curing indicia under the CRS
    • Curing US indicia (under a Inter Governmental Agreement)
    • FATCA Reporting Deadline by Jurisdiction
    • FATCA, IGAs & CRS Regulatory Milestones and Dates
    • FINES
    • Guide to GATCA
    • How to Remediate 98% of Your Customers Without Reaching Out for a Self-Certification
    • IGA & AEOI Status of all nations by ISO 3166 Code
    • Jurisdictions
    • Mar 1, 2015 – List of Approved FFIs
    • Notice 2015-66
    • Reporting – What gets Reported and When and How?
    • Responsible Officer Attestations
    • Selection criteria for a CRS/FATCA adviser
    • The IRS reiterates that it will not be introducing a new FATCA schema for FY 2015
    • The key differences between FATCA and the CRS
    • Videos and Podcasts
    • Posts
  • Tax Self Certification via Google Forms
  • Terms and Definitions
    • 501(c) Organizations
    • 871(m)
    • Account
    • Account Holder
    • Account Number
    • Active NFE/Active NFFE
    • AES
    • AML Due Diligence
    • AML/KYC Procedures
    • Annuity Contract
    • Assumes primary withholding responsibility
    • Backup Withholding
    • Beneficial Owner
    • Blocked account
    • Branch
    • Broad Participation Retirement Fund
    • Broker
    • CA
    • Cash Value
    • Cash Value Insurance Contract
    • Central Bank
    • Central Securities Depository (CSD)
    • Certified deemed-compliant FFI
    • Certified deemed-compliant FFI with only low-value accounts
    • Certified deemed-compliant investment advisors and investment managers
    • Certified deemed-compliant limited life debt investment entity
    • Certified deemed-compliant nonregistering local bank
    • Certified deemed-compliant sponsored, closely held investment vehicle
    • Change in circumstances
    • Chapter 3
    • Chapter 4
    • Chapter 4 reportable amount
    • Chapter 4 status
    • Chapter 4 Withholding rate pool
    • Clearing organization
    • Closed Account
    • Collateral Accounts
    • Complex trust
    • Compliance FI
    • Consolidated obligations
    • Controlling Persons
    • CRL
    • Custodial Account
    • Custodial Institution
    • Customer master file
    • Deemed-compliant FFI
    • Deferred annuity contract
    • Depository account
    • Depository Institution
    • Direct Reporting NFFE (DR-NFFE)
    • Documentary Evidence
    • Documentation
    • Dormant account
    • Effective date of the FFI agreement
    • EIN
    • Election to be withheld upon
    • Electronically searchable information
    • Employer Identification Number (EIN)
    • Entity
    • Entity account
    • Entity wholly owned by exempt beneficial owners
    • Equity Interest
    • Escrow Account
    • Excepted inter-affiliate FFI
    • Excepted NFFE
    • Excepted nonfinancial entity in liquidation or bankruptcy
    • Excepted nonfinancial start-up company
    • Excepted territory NFFE
    • Excluded Account
    • Execution-Only Broker
    • Exempt Beneficial Owner
    • Exempt Collective Investment Vehicle
    • Exempt retirement plans
    • Expanded Affiliated Group
    • Expanded Affiliated Group (EAG) or FFIs
    • FATCA ID
    • FATF
    • FATF-compliant jurisdiction
    • FCPA
    • FFI
    • FFI Agreement
    • Financial Account
    • Financial Asset
    • Financial Institution (Fl) [also see Foreign Financial Institution]
    • Flow-through entity
    • Flow-through withholding certificate
    • Foreign Account Tax Compliance Act (FATCA)
    • Foreign entity
    • Foreign Financial Institution (FFI) [also see Financial Institution]
    • Foreign government, government of a US possession, or foreign central bank of issue
    • Foreign passthru payment
    • Foreign payee
    • Foreign person
    • Form 8957
    • FTP
    • Global Intermediary Identification Number (GIIN)
    • Governmental Entity
    • Grandfathered obligation
    • Grantor trust
    • Gross proceeds
    • Group annuity contract
    • Group insurance contract
    • HCTA
    • High Value Account
    • Holloway Contract
    • HTTPS
    • IDES
    • IGA
    • Immediate annuity
    • Indicia
    • Individual account
    • Insurance company
    • Insurance contract
    • Intergovernmental Agreement (IGA)
    • Intermediary
    • Intermediary withholding certificate
    • International Organization
    • Investment Entity
    • Investment-linked annuity contract
    • Investment-linked insurance contract
    • IRS
    • IRS FFI list
    • Lead (Lead FI)
    • Life annuity contract
    • Life insurance contract
    • Limited Branch
    • Limited FFI
    • Local Foreign Financial Institution
    • Lower Value Account
    • Member FI (Member)
    • Model 1 IGA
    • Model 2 IGA
    • Narrow Participation Retirement Fund
    • New Account
    • New Entity Account
    • New Individual Account
    • NFE (also see NFFE)
    • NFFE (also see NFE)
    • Non-Exempt Recipient
    • Non-Participating FFI
    • Non-Reporting Financial Institution
    • Non-U.S. Account
    • Nonfinancial group entity
    • Nonprofit organization
    • Nonreporting IGA FFI
    • Nonreporting IGA FFI (including an FFI treated as a registered deemed-compliant FFI under an applicable Model 2 IGA)
    • NQI
    • NWP
    • NWT
    • OCSP
    • Offshore account
    • Offshore obligation
    • Owner
    • Owner-documented FFI
    • Participating FFI
    • Participating FFI group
    • Participating Financial Institution (PFFI)
    • Participating Jurisdiction
    • Partnership
    • Passive Income
    • Passive Income–Exceptions
    • Passive NFE
    • Passive NFFE
    • Passthru payment
    • Payee
    • Payment with respect to an offshore obligation
    • Payor
    • Pension Fund of a Governmental Entity, International Organisation or Central Bank
    • Permanent residence address
    • Person
    • PKI
    • Place of Birth
    • PMO
    • Point of Contact (POC)
    • Pre-FATCA Form W-8
    • Preexisting Account
    • Preexisting Entity Account
    • Preexisting Individual Account
    • Preexisting obligation
    • Prima facie FFI
    • Private Arrangement Intermediary (PAI)
    • Professionally Managed
    • Publicly traded NFFE or NFFE affiliate of a publicly traded corporation
    • QI agreement
    • QI branch of a U.S. financial institution
    • Qualified Collective Investment Vehicle
    • Qualified Credit Card Issuer
    • Qualified Intermediary (QI)
    • Qualifying Relationship
    • Reason To Know
    • Recalcitrant Account Holder
    • Registered Deemed-Compliant FFI (RDCFFI)
    • Regularly Traded
    • Related Entity
    • Relationship manager
    • Relevant Holding Company
    • Reportable Account
    • Reportable Jurisdiction
    • Reportable Jurisdiction Person
    • Reportable Payment
    • Reportable Person
    • Reporting Financial Institution
    • Reporting Model 1 FFI
    • Reporting Model 2 FFI
    • Residence Address (also see Permanent Residence Address)
    • Resident alien
    • Responsible Officer (RO)
    • Responsible Party
    • Restricted Distributor
    • Restricted Fund
    • RSA
    • Securitization structure
    • SFTP
    • Simple trust
    • Single FI (Single)
    • Specified Insurance Company
    • Specified U.S. person
    • Sponsored Direct Reporting NFFE
    • Sponsored FFI
    • Sponsored FFI group
    • Sponsoring Entity
    • SSH
    • Standardized industry code
    • Standing instructions to pay amounts
    • Subject to withholding
    • Substantial U.S. owner
    • Territory entity
    • Territory financial institution
    • Territory financial institution treated as a U.S. person
    • Territory NFFE
    • TIEA
    • TIN
    • TLS
    • Treasury Company
    • Trust
    • Trustee Documented Trust
    • U.S. Account
    • U.S. branch treated as a U.S. person
    • U.S. Financial Institution (USFI)
    • U.S. owned foreign entity
    • U.S. payee
    • U.S. payor
    • U.S. person
    • U.S. source FDAP income
    • U.S. Territory
    • U.S. withholding agent
    • Unique Identifier
    • United States
    • UTC
    • Withholdable payment
    • Withholding
    • Withholding agent
    • Withholding certificate
    • Withholding Foreign Partnership (WP)
    • Withholding Foreign Trust (WT)
    • Written statement
  • UK
    • Guidance
      • Automatic Exchange of Financial Information
        • 0 – Purpose and Status of this Guidance
        • 100000 – Introduction
        • 100020 – Background – Automatic Exchange of Financial Account Information
        • 100040 – Background – Foreign Account Tax Compliance Act (FATCA)
        • 100060 – Background – The Crown Dependencies and Overseas Territories Agreements (CDOT)
        • 100080 – Background – The Common Reporting Standard (CRS)
        • 100100 – Background – EU Directive on Administrative Cooperation (the DAC)
        • 100120 – How the Automatic Exchange Legislation Works
        • 100140 – The Wider Approach
        • 100500 – Timetable: Effective dates for agreements
        • 100520 – Timetable: Reporting: FATCA
        • 100540 – Timetable: Reporting: CDOT
        • 100580 – Timetable: Reporting: DAC/CRS
        • 100600 – Financial Institutions
        • 100620 – Financial Institutions: UK Financial Institutions
        • 100630 – Financial Institutions: Holding Companies and Treasury Centres
        • 100640 – Financial Institutions: Custodial Institutions
        • 100660 – Financial Institutions: Custodial Institutions: Execution Only Broker
        • 100680 – Financial Institutions: Custodial Institutions: Central Securities Depository
        • 100700 – Financial Institutions: Custodial Institutions: Trusts
        • 100720 – Financial Institutions: Custodial Institutions: Fund Nominees
        • 100740 – Financial Institutions: Depository Institutions
        • 100760 – Financial Institutions: Investment Entities
        • 100780 – Financial Institutions: Investment Entities: Examples
        • 100800 – Financial Institutions: Investment Entities: Trusts
        • 100820 – Financial Institutions: Investment Entities: Trust: Trusts Managed by a Financial Institution
        • 100840 – Financial Institutions: Specified Insurance Company
        • 100860 – Financial Institutions: Partnerships
        • 100880 – Financial Institutions: Personal Investment Company
        • 100900 – Financial Institutions: Securitisation Vehicles
        • 100920 – Financial Institutions: Non-Reporting Financial Institutions
        • 100930 – Financial Institutions: Non-Reporting Financial Institutions: Owner Documented Financial Institutions
        • 100940 – Financial Institutions: Non-Reporting Financial Institutions: Trustee- Documented Trusts
        • 100960 – Financial Institutions: Non-Reporting Financial Institutions: Non-Profit Organisations
        • 101500 – Financial Accounts
        • 101520 – Financial Accounts: Reportable Accounts
        • 101540 – Financial Accounts: Depository Accounts
        • 101580 – Financial Accounts: Custodial Accounts
        • 101600 – Financial Accounts: Custodial Accounts: Collateral
        • 101640 – Financial Accounts: Cash Value Insurance Contract
        • 101660 – Financial Accounts: Cash Value Insurance Contract: Examples
        • 101680 – Financial Accounts: Annuity Contracts
        • 101700 – Financial Accounts: Equity or Debt Interest in an Investment Entity
        • 101720 – Financial Accounts: Excluded Accounts
        • 101760 – Financial Accounts: Excluded Accounts: Retirement & Pension Accounts
        • 101780 – Financial Accounts: Excluded Accounts: Retirement & Pension Accounts: Cross Border Pensions
        • 101800 – Financial Accounts: Excluded Accounts: Retirement & Pension Accounts: ‘Holloway’ Contracts
        • 101820 Financial Accounts: Excluded Accounts: Other Tax Favoured Accounts and Products
        • 101840 – Financial Accounts: Excluded Accounts: Estate Accounts
        • 101860 – Financial Accounts: Excluded Accounts: Escrow Accounts
        • 101880 – Financial Accounts: Excluded Accounts: Depository Accounts with Unreturned Overpayments
        • 101900 – Financial Accounts: Excluded Accounts: Low Value Dormant Accounts
        • 102000 – Reportable Information: General Requirements
        • 102020 – Reportable Information: Address
        • 102040 – Reportable Information: Taxpayer Identification Number
        • 102060 – Reportable Information: Jurisdiction
        • 102080 – Reportable Information: Account Number
        • 102100 – Reportable Information: Reporting Financial Institution
        • 102120 – Reportable Information: Account Balance or Value
        • 102140 – Reportable Information: Account Balance or Value: Joint Accounts
        • 102160 – Reportable Information: Account Balance or Value: Multiple Jurisdictions
        • 102170 – Reportable Information: Account Closure
        • 102180 – Reportable Information: Place and Date of Birth
        • 102200 – Reportable Information: Custodial Accounts
        • 102220 – Reportable Information: Custodial Accounts: Gross Proceeds
        • 102240 – Reportable Information: Custodial Accounts: Gross Proceeds
        • 102260 – Reportable Information: Other Accounts
        • 102280 – Reportable Information: Currency
        • 102300 – Reportable Information: Paper and Electronic Records
        • 102320 – Reportable Information: Reasonable Efforts to Obtain
        • 102340 – Reportable Information: Reportable Jurisdictions
        • 102500 – Due Diligence: General Requirements
        • 102505 – Due Diligence: General Requirements: Requirement to Notify Account Holders
        • 102520 – Due Diligence: General Requirements: Identifying Reportable Accounts
        • 102540 – Due Diligence: General Requirements: Identifying Reportable Accounts: Examples
        • 102560 – Due Diligence: General Requirements: Date for Determining Balance or Value
        • 102565 – Due Diligence: General Requirements: Thresholds
        • 102570 – Due Diligence: General Requirements: Thresholds: Elections and Processes
        • 102580 – Due Diligence: General Requirements: Date for Determining the Balance or Value
        • 102600 – Due Diligence: General Requirements: Reliance on Service Providers
        • 102620 – Due Diligence: General Requirements: Alternative Procedures for Pre-Existing Accounts
        • 102640 – Due Diligence: Pre-Existing Individual Accounts
        • 102640 – Due Diligence: Pre-Existing Individual Accounts
        • 102660 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts
        • 102680 – Due Diligence: Pre-existing Individual Accounts: Lower Value Accounts: Residence Address Test
        • 102700 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Definition
        • 102720 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Current Residence Address
        • 102720 Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Current Residence Address
        • 102740 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address: Dormant Accounts
        • 102760 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Residence Address Based on Documentary Evidence
        • 102780 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Record Search
        • 102800 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Record Search: Resident of a Reportable Jurisdiction
        • 102820 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Record Search: Unambiguous United States Place of Birth
        • 102840 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Record Search: Mailing or Residence Address
        • 102860 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Records Search: Qualified Intermediaries (FATCA)
        • 102860 Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Records Search: Qualified Intermediaries (FATCA)
        • 102880 – Due Diligence: Pre-Existing Individual Accounts: Lower Value Accounts: Electronic Record Search: Curing Indicia
        • 102900 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts
        • 102920 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Electronic Record Search
        • 102940 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Paper Record Search
        • 102960 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Paper Record Search: FATCA Exemption
        • 102980 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Paper Record Search: Relationship Manager Enquiry
        • 103000 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Relationship Manager Inquiry: Examples
        • 103020 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Change of Circumstance
        • 103040 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Hold Mail or In-Care-Of Address Only
        • 103060 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Lower Value Account Becomes High Value
        • 103080 -Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Effect of Finding Indicia
        • 103100 – Due Diligence: Pre-Existing Individual Accounts: High Value Accounts: Undocumented Account
        • 103120 – Due Diligence: New Individual Accounts
        • 103140 – Due Diligence: New Individual Accounts: Self-Certification
        • 103160 – Due Diligence: New Individual Accounts: Self-Certification: Examples
        • 103180 – Due Diligence: New Individual Accounts: Self-Certification: Incorrect or Unreliable
        • 103200 – Due Diligence: New Individual Accounts: Self-Certification: Change of Circumstances
        • 103200 Due Diligence: New Individual Accounts: Self-Certification: Change of Circumstances
        • 103220 – Due Diligence: Entity Accounts
        • 103225 – Due Diligence: Entity Accounts: Investment Entity with Regularly Traded Securities
        • 103240 – Due Diligence: Entity Accounts: Pre-Existing Accounts
        • 103260 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Threshold Exemption
        • 103280 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Reportable Accounts
        • 103300 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders
        • 103320 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders: Available Information
        • 103340 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders: Self-Certification
        • 103360 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders: Self-Certification as a Financial Institution
        • 103380 – Due Diligence: Entity Accounts: Pre-Existing Accounts: Review Procedure for Account Holders: Self-Certification as a NFE
        • 103400 – Due Diligence: Entity Accounts: Review Procedure for Controlling Persons
        • 103420 – Due Diligence: Entity Accounts: New Accounts
        • 103440 – Due Diligence: Entity Accounts: Determining Whether the Entity is a Reportable Person
        • 103460 – Due Diligence: Entity Accounts: Jurisdiction of Residence
        • 103480 – Due Diligence: Entity Accounts: Account held by Passive NFE with one or more Controlling Persons that are Reportable Persons
        • 103490 – Due Diligence: Special Rules: Reliance on Self-Certifications and Documentary Evidence
        • 103500 – Due Diligence: Special Rules: Reliance on Self-Certifications and Documentary Evidence: Reason to Know
        • 103520 – Due Diligence: Special Rules: Limits on Reason to Know: Examples
        • 103540 – Due Diligence: Special Rules: Alternative Procedures for Cash Value Insurance Contracts and Annuity Contracts
        • 103560 – Due Diligence: Special Rules: Account Balance Aggregation and Currency Rules
        • Financial Accounts: Excluded Accounts: Other Tax Favoured Accounts and Products –
      • CDOT
        • 01.00 – Background
        • 01.01 – The purpose of these Guidance notes
        • 01.02 – Scope of the agreements between the UK and the Crown Dependencies and Overseas Territories to improve international tax compliance
        • 01.03 – Interaction with US FATCA
        • 02.00 – Financial Institutions
        • 02.01 – Introduction
        • 02.02 – Holding Companies and Treasury
        • 02.03 – Other Financial Institutions
        • 02.04 – Exempt Beneficial Owners
        • 02.05 – Non-Reporting Financial Institutions
        • 02.06 – Not for profit Financial Institutions
        • 02.07 – Local Client Base Financial Institutions
        • 02.0701 – Thresholds
        • 02.0702 – Due Diligence
        • 02.0703 – Depository Accounts
        • 02.0704 – Accounts other than Depository Accounts
        • 02.0705 – Pre-existing Individual Specified Insurance Contracts
        • 02.0706 – Pre-existing Individual Accounts over $1,000,000
        • 02.08 – Non-Registering Local Banks
        • 02.09 – Credit Unions
        • 03.00 – Non-Financial Institutions
        • 03.01 – Non-Financial Foreign Entities (NFFEs)
        • 03.02 – Active NFFEs
        • 03.0201 – NFFEs based in US territories
        • 03.0202 – Governmental Entities
        • 03.0203 – Not for profit Organisations
        • 04.00 – Financial Accounts
        • 04.01 – Introduction
        • 04.02 – Insurance Contracts
        • 04.03 – Products exempt from being Financial Accounts
        • 05.00 – Due Diligence
        • 05.01 – Due Diligence
        • 05.02 – Acceptable Documentary Evidence
        • 05.03 – Self Certification
        • 05.04 – Confirming the Reasonableness of Self Certification
        • 05.05 – Tax Identification Numbers (TINs)
        • 05.06 – Change of Circumstance
        • 06.00 – Pre-existing Individual Accounts
        • 06.01 – Pre-existing Cash Value Insurance Contracts or Annuity Contracts
        • 06.02 – Electronic Searches and Lower Value Accounts
        • 06.03 – Identification of the account holder as a CD or Gibraltar resident
        • 06.05 – Current CD or Gibraltar mailing address/residence address (including “in-care-of” or “hold mail” address)
        • 06.06 – Current a currently effective power of attorney or signatory authority granted to a person with an address in a CD or Gibraltar
        • 06.07 – Standing Instructions to transfer funds to an account maintained in the CD or Gibraltar
        • 06.08 – High Value Accounts Exceptions to Paper Record Search
        • 07.00 – New Individual Accounts
        • 08.00 – Pre-existing Entity Accounts
        • 08.01 – Identification of an entity as a CD or Gibraltar Specified Person
        • 08.02 – Active/Passive NFFEs
        • 09.00 – New Entity Accounts
        • 10.00 – Tax residence
        • 10.01 – Tax residence of Individuals
        • 10.02 – UK tax residence
        • 10.03 – Tax Residence in the Isle of Man, Guernsey, Jersey and Gibraltar
        • 10.04 – Tax residence of Entities
        • 11.00 – Reporting
        • 11.01 – Information Required
        • 11.02 – Explanation of information required
        • 11.03 – Timetable for reporting
        • 12.00 – Compliance
        • 12.01 – Minor errors
        • 12.02 – Significant non-compliance
        • 12.03 – Reasonable efforts
        • 12.04 – Prevention of Avoidance
        • 12.05 – Sponsorship
        • 13. Registration
        • 13.00 – Registration
      • FATCA
        • 01.00 – Background
        • 01.01 – The purpose of these Guidance notes
        • 01.02 – Scope of FATCA
        • 01.03 – Interaction with US Regulations
        • 02.00 – Financial Institutions
        • 02.01 – Introduction
        • 02.02 – UK Financial Institutions (UKFIs)
        • 02.03 – Subsidiaries and Branches
        • 02.04 – Related Entities
        • 02.05 – Non-Participating Financial Institutions (NPFIs)
        • 02.06 – Non-Financial Foreign Entities (NFFEs)
        • 02.07 – Exempt Beneficial Owners
        • 02.08 – UK Government or UK Governmental Organisations
        • 02.09 – Central Banks
        • 02.10 – International Organisations
        • 02.11 – Retirement Funds
        • 02.12 – Deemed Compliant Financial Institutions
        • 02.13 – Local Client Base Financial Institutions
        • 02.14 – US Regulations Exemptions available to UK Financial Institutions
        • 02.15 – Registered Deemed Compliant Financial Institutions
        • 02.16 – Non-reporting members of Participating Foreign Financial Institution Groups
        • 02.17 – Qualified Collective Investment Vehicles
        • 02.18 – Restricted Funds
        • 02.19 – Qualified credit card issuers
        • 02.20 – Sponsored Investment Entities
        • 02.21 – Certified Deemed Compliant Financial Institutions
        • 02.22 – Non-Registering local bank
        • 02.23 Financial Institutions with only Low Value Accounts
        • 02.24 – Sponsored closely held Investment Vehicles
        • 02.25 – Owner Documented Foreign Financial Institutions
        • 02.25a – Limited Life Debt Investment Vehicles
        • 02.25b – Excepted Inter-affiliate FIs
        • 02.26 – Depository Institution
        • 02.27 – Custodial Institution
        • 02.28 – Investment Entity
        • 02.28a – Investment Advisers and Investment Managers
        • 02.29 – Specified Insurance Company
        • 02.30 – Holding Companies and Treasury Centres of Financial Groups
        • 02.31 – Collective Investment Schemes
        • 02.32 – Platforms and other distributors of funds
        • 02.33 – Fund Nominees – Distributors in chain of legal ownership
        • 02.34 – Advisory only distributors
        • 02.35 – Identification and reporting on interest in a Collective Investment Scheme
        • 02.36 – Trusts
        • 02.37 – Partnerships
        • 02.38 – Central Securities Depository
        • 02.39 – Personal Investment Companies
        • 02.40 – Securitisation Vehicles
        • 02.41 – Direct Reporting NFFEs and Sponsored Direct Reporting NFFEs
        • 03.00 – Financial Accounts
        • 03.01 – Introduction
        • 03.02 – Account Holders
        • 03.03 – Depository Account
        • 03.04 – Custodial Account
        • 03.05 – Insurance Contract
        • 03.06 – Cash Value Insurance Contract
        • 03.07 – Annuity Contract
        • 03.08 – An Equity or Debt Interest in an Investment Entity
        • 03.09 – An Equity or Debt Interest in a Holding Company or Treasury Centre of a Financial Group
        • 03.10 – Debt or Equity Interests regularly traded on an established securities market
        • 03.11 – Products exempt from being Financial Accounts
        • 03.12 – Retirement Accounts and Products
        • 03.13 – Certain Other Tax Favoured Accounts or Products
        • 03.14 – Accounts of Deceased Persons
        • 03.15 – Intermediary Account (Escrow accounts)
        • 03.16 – Undesignated/Designated Accounts
        • 03.17 – Segregated Accounts
        • 03.18 – Dormant Accounts
        • 03.19 – Rollovers
        • 03.20 – Syndicated Loans
        • 03.21 – Electronic Money Issuers
        • 04.00 – Due Diligence
        • 04.01 – General Requirements
        • 04.02 – Acceptable Documentary Evidence
        • 04.03 – Withholding Certificates
        • 04.04 – Non-IRS forms for individuals
        • 04.05 – Validity of Documentation
        • 04.06 – Retention of Documentary Evidence
        • 04.07 – Document sharing
        • 04.08 – Self Certification
        • 04.09 – Confirming the Reasonableness of Self Certification
        • 04.10 – Self Certification for New Individual Accounts
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        • 05.08 – Current US mailing address/residence address
        • 05.09 – One or more US telephone numbers associated with the account
        • 05.10 – Standing Instructions to transfer funds to an account maintained in the US
        • 05.11 – Effective Power of Attorney or Signatory Authority
        • 05.12 – High Value Accounts
        • 05.13 – Electronic Record searches and High Value Accounts
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        • 06.03 – New Accounts for holders of Pre-existing Accounts
        • 06.04 – Identification of New Individual Accounts
        • 06.05 – Group Cash Value Insurance Contracts or group Annuity Contracts
        • 06.06 – Accounts held by beneficiaries of a Cash Value Insurance Contract that is a Life Insurance Contract
        • 06.07 – Reliance on Self Certification and Documentary evidence
        • 07.00 – Pre-existing Entity Accounts
        • 07.01 – Threshold Exemptions that apply to Pre-existing Entity Accounts
        • 07.02 Reportable Accounts
        • 07.03 – Standardised Industry Codes and US Indicia for Pre-existing Entities
        • 07.04 – Identification of an entity as a Specified US Person
        • 07.05 – Identification of an entity as a Financial Institution
        • 07.06 – Identification of an entity as a Non-Participating Financial Institution (NPFI)
        • 07.07 – Identification of an entity as a Non-Financial Foreign Entity (NFFE)
        • 07.08 – Timing of reviews
        • 08.00 – New Entity Accounts
        • 08.01 – Exemptions that apply to New Entity Accounts
        • 08.02 – Reportable Accounts
        • 08.03 – Identification of an entity as a Financial Institution
        • 08.04 – Identification of an entity as a Non-Participating Financial Institution
        • 08.05 – Identification of an entity account holder as a Specified US Person
        • 08.06 – Identification of an entity as a Non-Financial Foreign Entity (NFFE)
        • 09.00 – Reporting
        • 09.01 – Information Required
        • 09.02 – Explanation of information required
        • 09.03 – Timetable for reporting
        • 09.04 – Reporting on Non-Participating Financial Institutions
        • 09.05 – Reporting payments of US Source Withholdable Payments to Non-Participating Financial Institutions
        • 09.06 – Format
        • 09.07 – Transmission
        • 09.08 – Penalties
        • 10.00 – Compliance
        • 10.01 – Minor errors
        • 10.02 – Significant Non-Compliance
        • 10.03 – Tax Compliance Risk Management Process
        • 10.04 – Anti avoidance
        • 11.00 – Registration
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HomeCOST OF COMPLIANCE 2018: Alignment with other risk and control functions, liaison with regulators

COST OF COMPLIANCE 2018: Alignment with other risk and control functions, liaison with regulators

July 24, 2018 Haydon Perryman, CGMA GATCA

COST OF COMPLIANCE 2018: Alignment with other risk and control functions, liaison with regulators Reuters Full coverage

Source: COST OF COMPLIANCE 2018: Alignment with other risk and control functions, liaison with regulators

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