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 are not inadvertently missing people who should be filing the relevant tax reports under FATCA.
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.