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Our FATCA services

We propose the following services to assist our client in the implementation of FATCA requirements. Depending on the scope of your activities project, FATCA projects need a full set of tasks that need to be performed.

The figure hereafter is an extract of services that Deloitte can offer in order to support you in your FATCA project.

Our FATCA service offering in 5 steps

FATCA strategy

  • Classification of your entity under FATCA
  • Differences between your entity and other Group entities
  • Definition of your FATCA vision and high level business guidelines

FATCA impact assessment

  • Impact on client classification and client on-boarding
  • Impact on your distribution channel(s)
  • Impact on your financial instrument database
  • Impact on your transactions
  • Reporting and withholding requirements
  • Requirements and impacts on your organisation

FATCA gap analysis, action list and roadmap

  • Definition of your target operating model
  • Definition of the gap and action list on client data related tasks and information to be added
  • Client data quality assessment (in the context of FATCA), definition of the gap and action list
  • Definition of the gap and action list on financial instruments static and period data
  • Definition of the gap and action list on your transaction platform / core banking system
  • Definition of the action list for your organisation; including resource training, new controls, new tasks to be covered within the organisation, job description
  • Consolidation of action lists and definition of the FATCA implementation roadmap

 

FATCA implementation

  • Definition of the functional and technical specification on client and instrument systems and databases
  • Enrichment of client data quality
  • Enrichment of financial instrument static and periodical data
  • Definition of the functional and technical specification on your transactional systems / core banking systems
  • Assistance in the definition of test scenarios
  • Assistance in the execution of the tests
  • Assistance in the update of your procedures
  • Assistance in the update of your job descriptions
  • Assistance in training your resources
  • Assistance in updating GT&C or third party contracts

Reporting function

  • Industrialisation of your FATCA reporting functions
  • Synergies with tax reporting requirements for other jurisdiction’s

Regulatory FATCA hotline

  • Response to your questions
  • Analyses of specific cases along your project
  • Rapid access to latest updates and analysis

Contacts

  • Pascal Eber
    Partner - Operations Excellence & Infrastructure Operations
  • Pascal Rapallino
    Partner - Private Wealth Services Leader
  • Pascal Noël
    Partner - Tax - International Tax-GFSI
  • Basil Sommerfeld
    Partner - Operations & Human Capital Leader
  • Alain Verbeken
    Directeur - Tax - International Tax-GFSI

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