Any entity which interacts financially with a US person must identify if they are a foreign financial institution (FFI) and report accordingly.

We have regulatory reporting specialists on hand who can help you to identify and fulfil all the relevant reporting requirements.

US FATCA is a law which requires non-US financial institutions to report financial data, relating to the accounts they hold for US citizens or tax payers, to the US Internal Revenue Service (IRS). Foreign Financial Institutions (FFIs) are required to identify and report on all specified US persons.

Our areas of expertise

If you're already a client of ours, we're best placed to help you understand your FATCA classification and obligations – do you need to report or not? If you do need to report, we will use the information we already hold for you and using our best of breed FATCA reporting system ensure that you can submit the correct information so it’s accepted first time.

If we act as a trustee for you then we have a fiduciary responsibility to ensure your FATCA reporting is done. This is a significant undertaking, we are required to report in detail on any reportable person who holds an equity or debt interest in the trust, and this will include the settlor, protector (if any), beneficiaries or class of beneficiaries as well as any discretionary beneficiaries who may have received a benefit in the reporting year.

We may not have a responsibility for your FATCA reporting and compliance if we provide you with non-trustee services but we can still help you with any aspect of FATCA or AEOI where you need support.

Get in touch with our experts
Andrew Niles
Business Development Director
Intertrust Guernsey
+44 1481 211321