FATCA Compliance Certifications by Responsible Officers: Are you prepared to sign off?
FATCA Compliance Certifications by Responsible Officers
The roles & responsibilities of ROs to oversee the FATCA framework & certify compliance with FATCA for their FIs by 1 July 2018
While FATCA has become business as usual, the designated Responsible Officer (RO) of a Participating Foreign Financial Institution (FFI) or Reporting Model 2 FFI will soon have to certify their financial institutions’ compliance with FATCA by submitting certifications to the Internal Revenue Service (IRS) on or before 1 July 2018.
This flyer looks at the roles and responsibilities of the RO to oversee the FATCA framework and certify compliance with FATCA on behalf of their institutions. It also provides information on the FATCA framework, and how KPMG can help by providing tailored approaches for financial institutions’ RO certifications.
© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.