Thomson Reuters has launched a solution to help institutions fulfill and comply with their FATCA obligations.

This comprises modules for on-boarding, featuring US indicia search; self-assessment, featuring W-8 and W-9 form preparation and collection; and tax information reporting, featuring forms 1042, 1042S and 1099. The solution also features configurable regulatory and management reporting. It is designed to integrate easily with organisations existing processes and technology and is offered as an installed or hosted solution.

“FATCA compliance will require a multi-disciplinary approach that will touch many points across an organisation,” says Laurence Kiddle, commercial director, FATCA, Thomson Reuters. “Thomson Reuters has brought together a number of leading tried and tested technologies, spanning governance, risk, compliance, tax and accounting to enable compliance with this new direction in taxation regulation. This approach makes us uniquely placed to provide a full, and modular, solution that can help institutions fulfil and comply with the obligations they are under and supports every stage of the challenges they will face as a result of FATCA.”

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