FATCA (Chapter 4) — Starter, Build, Run & Voluntary Review for Foreign Banks

FATCA for Foreign Banks (Chapter 4)

We help foreign financial institutions deliver predictable FATCA operations across Model 1 and Model 2 jurisdictions — from initial status determination and GIIN registration to reporting readiness, annual submissions, corrections, and assurance. Remote-first. Fixed-fee.

Scope: FATCA classification (FI/NFFE; Model 1 vs. Model 2; Annex II / Non-Reporting), IRS registration (GIIN), national portal setup / IDES readiness, governance & operating model build, annual filings, error handling & corrections, and voluntary health checks.

FATCA service packages

FATCA Starter Package

Mandatory once FATCA (FFI) status applies — clarify obligations, register, and get reporting-ready.

  • Filing obligation opinion (FI/NFFE, Model 1 vs. Model 2, Annex II / Non-Reporting)
  • IRS registration (GIIN) & local competent-authority onboarding where required
  • National portal/data-sender setup (Model 1) or IDES readiness (Model 2)

Goal: Ready to start compliant FATCA reporting (any jurisdiction)

FATCA Build Package

Build a right-sized operating model: governance, procedures, data mapping and an end-to-end dry run.

  • Governance & policies (due diligence, indicia & curing, TIN handling)
  • RACI & training (Front, Ops, IT, RO/Compliance)
  • Data model & mapping → national schema (Model 1) or Form 8966/IDES (Model 2)
  • End-to-end dry run (onboarding → report file)

FATCA Run Pack

Annual filings, corrections and liaison — keep submissions on-time and evidence complete.

  • Annual filing (Model 1: local authority; Model 2: Form 8966 via IDES)
  • Error handling & corrections; back filings where required
  • Authority liaison & evidence (receipts, issue log, approvals)

Goal: On-time, error-free submissions across jurisdictions

FATCA Voluntary Review

Voluntary health check to assess process design and data quality before audits or authority inquiries.

  • Sampling (indicia, TIN campaigns, high-value reviews)
  • Findings report with prioritized remediation plan
  • Operational recommendations & control enhancements

Quick view: where each package fits

Package Best for Primary deliverables
Starter New FATCA obligation or first-time setup Status opinion, GIIN registration, portal/IDES readiness
Build Designing a sustainable operating model Governance + RACI, procedures, data mapping, dry run
Run Annual reporting and corrections support Filing execution, error handling, corrections/back filings
Assurance Independent health check & remediation Sampling, findings report, remediation roadmap
Need FATCA support?
Share your jurisdictions, systems and volumes — we’ll send a fixed-fee proposal.