0 as part of its efforts to improve compliance with U.S. tax laws. FATCA imposes certain due diligence and reporting obligations on foreign (that is, non-U.S.) Financial Institutions, notably the obligation to report U.S. citizen or U.S. tax-resident Account Holders… Read more >
What is GIIN ? GIIN stands for Glocal Iintermediary Iidentification Number. GIIN is something similar to tax identification number assigned to individual tax payer. GIINs are assigned by IRS ( Internal Revenue Service ) to Foreign financial institutions , withholding agents, and sponsoring entities. How… Read more >
Security and compliance has becoming increasingly important for every organization. The corporate world has realized the significance and started appointing CSOs and CCOs from early 2002, especially after the accounting scandals in year 2000 that started the whole Serbians-Oxley saga.Chief Security Officer… Read more >
NASSAU, Bahamas — This past week, a bill to enact The Foreign Accounts Tax Compliance Act (FATCA) was passed in the Senate to ensure that The Bahamas continues to remain aligned with the most recent international financial standards. In an… Read more >