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.
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio