End-to-end support for multiple regulatory reporting requirements
In recent years, governments around the world have been introducing client information gathering and reporting requirements for financial institutions to help fight against tax evasion and protect the integrity of tax systems.
The USA’s 2010 Foreign Account Tax Compliance Act (FATCA) regulation marked the beginning of this process and was followed four years later by the implementation of the OECD-led initiative Automatic Exchange of Information (AEOI) program globally.
