IRS Grants Transition Relief for FATCA but Not Delayed Effectiveness

Journal
Carman, P.D.
United States
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2014 (Volume 16), No. 4
PriceUSD 45

A recently issued notice from the IRS provides transitional relief from certain due diligence and compliance provisions under FATCA. In spite of this relief, however, foreign financial institutions are still in the position of needing to move forward to put systems in place as quickly as possible.