5 Insights On Industry Preparations for FATCA

A recent study shows that banks are pushing forward on FATCA compliance but are in need of clarification from regulators about some requirements.
November 01, 2013

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Banks are taking care to dedicate resources to FATCA, the survey found. More than half of the banks surveyed (53%) said they had a dedicated project budget for FATCA compliance. Another 43% of those surveyed said they had dedicated up to 20% of their total compliance spend to FATCA.

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