Foreign Account Tax Compliance Act (FATCA)

Meeting compliance - FATCA

Foreign Account Tax Compliance Act (FATCA)

FATCA requires US taxpayers holding over $200,000 in foreign financial assets to report information on those assets to the IRS.

In addition, it requires financial institutions outside the US to report directly to the IRS information about financial accounts held by US taxpayers, or by foreign entities in which US taxpayers have a substantial interest.

This puts a real burden on the institutions to ensure that they're not inadvertently missing people who should be filing the relevant tax reports under FATCA.

We can help you

Check eligibility

Check if your customer is eligible for US tax under FACTA

Check for PEPs & Sanctions

Confirm your customer doesn’t appear on any PEPs or Sanctions list

Verify ID in real time

Verify identity in real time with a full audit trail, should you need it

Screen client portfolios

Screen existing client portfolios regularly for ongoing compliance 

Our global datasets cover more than 4.4 billion people worldwide, and include international PEPs and Sanctions checks. Combined with the ability to scan and authenticate over 4000 different types of ID documents, we offer the most comprehensive suite of identity verification tools.

GBG products to help...

GBG ID3global

GBG ID3global can verify the identity of almost anyone, anywhere in the world, at any time.

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GBG Predator

Fight fraud and money laundering – and win. GBG Predator constantly monitors your customers' transactions to stay alert to behaviour consistent with new trends in fraud or financial crime.

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