The penalties for FATCA non-compliance range depending on what the violation is & your legal team should look for ways to ensure compliance.
All FATCA Content
A GIIN is a Global Intermediary Identification Number, consisting of 19 characters assigned by the FATCA registration system to financial institutions.
Though both FATCA and CRS try to combat tax evasion, there are some notable differences between the two sets of regulations.
The reporting thresholds for FATCA reporting exemptions vary with two factors, your tax filing status and where you reside. The same goes for a business.
Creating a FATCA reporting template can help simplify and streamline your FATCA reporting to ensure that your organization stays compliant.