After the Panama Papers, better check that you are ready to comply with the so-called Global Fatca!! Contact us.
In the wake of the ‘Panama Papers’ scandal, all the governments rush to confirm their determination to have the AEoI (aka CRS, or Global OECD Fatca) implemented as promised. This deleterious environment may end with a few non-compliant Financial Institutions ‘executed for the example’…
The problem here is that the task is exceptionnally heavy, difficult and risky for the Banks, Asset Managers and Insurance Companies. Also, that the calendar is extremely tight: the first batch of countries will have to be ready by end-2016. So, better be sure that you have a strong Project in place right away, especially if your Institution is established in more than one country! You’ll need a powerful pluridisciplinary team, a strong governance, a fully informed and trained staff, and a lot of willpower in order to be compliant in time.
We, at Hempton Technology, have developed a full methodology to tell you in less than a week where you are standing and assess reallistically your risks.
We can also help you define your compliance Program from scratch.
You can contact us at email@example.com.
Reminder: The Global calendar is as follows:
Jurisdictions committed to implement the first AEoI in 2017
•Anguilla, Argentina, Barbados, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Dominica, Estonia, Faroe Islands,* Finland, France, Germany, Gibraltar, Greece, Greenland,* Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mauritius, Mexico, Montserrat, Netherlands, Niue, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Trinidad and Tobago, Turks and Caicos Islands, United Kingdom
Jurisdictions committed to implement the first AEoI in 2018
Albania, Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Bahamas, Belize, Brazil, Brunei Darussalam, Canada, Chile, China (People’s Republic of), Cook Islands, Costa Rica, Ghana, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Marshall Islands, Macao (China), Malaysia, Monaco, New Zealand, Panama, Qatar, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Saudi Arabia, Singapore, Sint Maarten, Switzerland, Turkey, United Arab Emirates, Uruguay