Tuesday, December 8, 2020

FATCA News & Information

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FATCA News & Information December 8, 2020

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Issue Number:  2020-9

Inside This Issue


  1. Reminder: For the FATCA Certification Period Ending December 31, 2019 Responsible Officer Certifications are due by December 15, 2020

1.  Reminder: For the FATCA Certification Period Ending December 31, 2019 Responsible Officer Certifications are due by December 15, 2020

For the certification period ending December 31, 2019 (generally entities that were initially approved in 2016), FATCA Responsible Officer ("RO") certifications are due no later than December 15, 2020.

If an entity that is required to certify does not submit its certifications by the due date, the entity will not be in compliance with its obligations under FATCA. The consequences of being non-compliant may include the revocation of an entity's FATCA status and, ultimately, the entity's GIIN being removed from the FFI list.

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