Complying with FATCA can be complex, resource intensive, and pose risks to important client relationships. This regulation requires foreign financial institutions to accurately identify, classify and report all clients with US indicia to the US Internal Revenue Service, or face severe penalties. With the emergence of a framework of reciprocal intergovernmental agreements, many US firms are now subject to similar mandates requiring the reporting of account holders from participating countries.
Trillium Software provides a comprehensive solution that accelerates FATCA compliance while minimizing risks and resources. The solution leverages a pre-configured, intelligent FATCA indicia and data analysis platform to process, assess, prepare and report on individual and entity accounts impacted by the regulations.
- Gain visibility into your true FATCA and reciprocal IGA exposure by quickly and accurately identifying US indicia and classifying global account holder information
- Establish and document a transparent, repeatable process for global FATCA compliance that supports business as usual practices for collecting, managing and reporting client information
- Enhance client service and communication for clients subject to FATCA reporting by ensuring accurate and consistent account information