US FATCA for TCI financial institutions, deadline looming

September 5, 2016

Nick Gravel

The reporting deadline for financial institutions under a Model 1 IGA is September 30 2016. We can help manage much of the reporting process for you, to meet this fast approaching important deadline.

A core step in the process involves obtaining a security certificate for your company from an IRS approved certificate authority (CA). For companies registered in the TCI the process will take longer than the typical turnaround for a U.S./Canadian/UK based company.

Upon certificate purchase completion, the CA will need notarized copies of your business license and proof of address & phone number (phone bill), in order to complete the verification.

In our experience, obtaining a security certificate takes 7 to 21 days for a TCI based company.

Get in touch with us to learn more and get the process started for you.

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