March 2018 – REGCO LLC

Monthly Archives: March 2018

Extension of Due Date for FATCA RO Certification / IRS Releases Draft FATCA Certification Questions

21. March 2018

The IRS released further guidance regarding the FATCA responsible officer certification. In particular, the IRS clarified that the FATCA registration portal, which contains the FATCA certifications, will not be available prior to July 2018. According to the IRS, FATCA responsible officers will have at least 3 months from deployment of the certifications on the FATCA […]

REGCO / AML/KYC /

Updated FATF Statements to be Taken into Account for AML/CFT Risk Management

6. March 2018

Based on the results provided by the Financial Action Task Force’s (FATF) International Co-operation Review Group (ICRG), the FATF has updated its public statements on high-risk and non-cooperative jurisdictions at its plenary meeting held in February 2018. As a result, on February 28, 2018, FINMA called on Swiss financial intermediaries to take the updated public […]