New Zealand


  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 8/05/2013

Contact us

Ceri horwill


Ceri Horwill

Partner - Financial Risk Management

 +64 9 367 5348

 +64 21 363 966


Darshana Elwela

Darshana Elwela

National Director - Tax

+64 9 367 5940

FATCA - Implications and insights for banking 

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FATCA’s complex information reporting and withholding obligations will significantly impact multiple functions within New Zealand banks, including tax, legal, operations, and compliance. It will also impact decisions relating to business models and products, as well as market and distribution strategies.


On January 17, 2013, the Department of Treasury and the Internal Revenue Service (IRS) released the long-awaited final regulations for the Foreign Account Tax Compliance Act (FATCA). It was enacted to combat offshore tax abuses by US citizens and residents.


Achieving compliance


As an initial step, achieving compliance demands the review and assessment of every legal entity within a banking group, every business unit within each entity, and every product and income stream within each business unit.

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How we can help

Our flexible approach can be tailored to the specific needs of your institution, depending on where you are in terms of compliance.

  • Impact assessment/Impact assessment remediation.
  • Implementation.
  • Monitor and sustain.




  • Deep understanding of the FATCA regulations.
  • Leading Anti-Money Laundering and Know-Your-Customer resources.
  • Established methodology and process.
  • Integrated, cross-functional, approach.
  • Global network of FATCA professionals.
  • Technology tools to enable and support hands on analysis.
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Automatic Exchange of Information and FATCA

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Foreign Account Tax Compliance Act - we can help you prepare and reduce the impact.

A successful FATCA project

Follow these steps to successfully progress your FATCA project.

FATCA alerts

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Stay up-to-date and prepared with our regular FATCA updates and releases.