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FATCA is significantly more than a tax issue. The implications of this law reach deep within a financial institution that has any business interests with U.S. persons. To help ensure our member firm clients are prepared for FATCA, KPMG has taken a global, multi-disciplinary approach, with experienced people, tailoring proven strategies to put clients in top condition to comply with this legislation.

Some of the areas that differentiate KPMG’s approach to FATCA include:

  • Global network of FATCA experts
  • Confidence in working with market-leading experts on FATCA
  • Real investment to deliver results for clients
  • Established FATCA methodology to reduce time and costs

Global Network Of FATCA Experts – due to the complexity and impact of FATCA, KPMG has combined the expertise and knowledge base of professionals from around the global network of member firms, including KPMG in the US's, Washington National tax practice. We have formed a Global Advisory Board of experts of experienced senior representatives from various disciplines including Forensic, Performance and Technology, and Tax practices. This group of senior leaders meets regularly to share best practices, tackle strategic issues and develop and refine solutions for clients.

Confidence in working with market-leading experts on FATCA – Our FATCA global team includes former IRS professionals, who previously worked on FATCA and are the leading voices on this legislation in the market. As the leading provider of Qualified Intermediary audits, we have hands on understanding of withholding, reporting and customer remediation that will form the backbone of FATCA compliance.

Real investment to deliver results for clients – With a good understanding of the impact and complexity of FATCA, KPMG has invested significant resources to developing the necessary tools and services to help clients get in shape for FATCA. For example, we have developed a robust training program to ensure consistently high comprehension of this legislation across our multi-disciplinary teams. We have trained over 150 professionals across the KPMG network through our FATCA Academy and have the ability to tailor our training sessions to meet the needs of our clients.

Established FATCA methodology to reduce time and costs – Using the experience gained from assisting other major financial institutions on FATCA, we have developed a leading methodology that increases efficiency, reduces implementation time and cuts the cost of compliance of our clients significantly. We have won industry awards for our ability to flex our models to meet the unique needs of our clients at technical and operational levels.

Our approach

FATCA rules and notices can seem complicated and daunting for any financial institution. KPMG works to cut through the complexity of FATCA by using a simple assessment, evaluation and implementation methodology. Tailored to the immediate and long term needs of each client, we provide a detailed impact assessment and high level design and individual workstreams for each of the areas covered in the regulation including governance, communications and training support.

Our bespoke approach provides clients with:

  • A program structure that complements your existing FATCA program and itemizes any areas of concern.
  • A clear view of what work can and should be done now with the information that is known about the final regulations
  • A fact-based foundation of information on which to make some business decisions
  • A solid strategy on which to effectively manage internal and external stakeholders
  • A proposed, practical approach about how best to tackle high impact and complex areas of compliance.