FATCA
Do you know FATCA?
The meaning of "United States person" can be found under section 1473, subsection 3 of FATCA and it includes-among other- citizens or residents of the USA, partnerships and corporations incorporated under the US legal framework, etc.
Like the majority of OECD countries, Belgium and the United States signed an Intergovernmental Agreement ("IGA") in which the Belgian Federal Financial Authority ("Service Public Federal Finances") has to communicate the information referred in FATCA to the relevant US authorities, the Internal Revenue Service ("IRS").
More information about FATCA on the Belgian Authority's website
Is your company concerned about FATCA?
Anti-Money Laundering (hereafter "AML") compliance regulation is a challenge ...
The Directive 2014/65/EU (hereafter the "Directive") on markets in financia...
Due to globalisation, companies are increasingly exposed to the risk of sanctions, op...
Financial institutions must be able to identify and verify the identity of their cus...
Where does the Common Reporting Standard (CRS) idea comes from ?The concept of agreei...
The financing of terrorism is defined as the distribution or collection of funds, in ...
It is essential that your financial company understands the concept of Politically Ex...
Faced with the outbreak of highly targeted attacks and a highly regulated environment...
Market Abuse is a concept that encompasses unlawful behaviour in the financial market...
Fraud is one of the most damaging risks your business can faceWe are in a persistent ...
The idea behind the Payment Service Directives (PSD) aims at simplifying the lives of...
The Customer Due Diligence (hereafter “CDD”) investigation is required by EU juri...
Fighting against dumping and bribery is required for any company. Suspicions of corr...
What are the dangers of cryptocurrencies?Cryptocurrencies are virtual or digital curr...
Are you familiar with the term "screening" or are you wondering what does it ...
Insider dealing (the term "insider trading" is also frequently used) arises w...
We'll present you the technology to stop money laundering and terrorist financing
Europol defines Financial Crime as "illegal acts committed by an individual or a group of individuals to obtain a financial or professional advant...
Return to financial crime
Insurance/reinsurance companies play an important role for the European economy. Many European countries, among them Belgium, are listed in the top 20 OECD countries with the highest gross insurance premiums, with Belgian premiums reaching around 30 billion US dollars ...
Read more Author What else ?