Treasury Enforcement Actions: US Treasury & IRS Pushing Hard On FATCA

Treasury Enforcement Actions Related to FATCA

Recently we are seeing a rise in the US Treasury and Internal Revenue Services (IRS) issuing notices to governments and financial institutions. This shows the IRS and US Treasury's continued diligence in identifying US Tax Payers with reporting or tax obligations, and ensuring financial institutions are playinng their part in  collection of tax documentation.

The Treasury have also shown willingness to work with regulatory bodies worldwide to take steps to improve the tax data exchange under FATCA and make it a more efficient and effective process.

TAINA’s Tax Reporting and Compliance Expert, Rasheed Khan, continues to track and monitor these changes and updates. He has compiled an informative and thought-provoking whitepaper on the institutional impact of the rise in Treasury and IRS enforcements related to FATCA.

Throughout this whitepaper, Rasheed will address the latest regulatory update including:

• Pattern of FATCA related Treasury enforcement actions

• TIGTA​ Report: A Decade of FATCA

• Compliance Health Check and Regulatory Technology

At TAINA we continue to monitor the IRW regulatory landscape. To find out more information on the US Treasury's recent FATCA related enforcement actions, fill in the form to download the whitepaper below or, get in touch with us today.