FATCA Discovery & Feasibility
Before you invest, we help you determine whether a FATCA implementation or redesign is appropriate, what the true perimeter is, which data and registrations are required, how governance & reporting must be structured, and what timeline/budget is realistic.
Who it’s for
- Banks and other FATCA reporting entities evaluating first-time implementation or a
process redesign. - Institutions with recent changes in products, systems, outsourcing, or group structure and need to confirm applicability & effort.
- Teams seeking a clear, reviewer-ready plan that aligns governance, data, IT, and reporting deliverables from day one.
What we assess
Applicability & Perimeter
- Entity classification, product & account landscape
- Withholding & reporting touchpoints
- Group/branch setup & dependencies
Data & IT Readiness
- US indicia, TIN/GIIN capture & data quality
- Source systems, interfaces, mapping to 8966/local XML
- Exception handling, logs, evidence trail
Governance & Controls
- RACI/roles, control calendar, KRIs
- Procedures, reviewer checkpoints, training
- Escalation & remediation workflow
Deliverables you receive
Feasibility Memo
Clear yes/no with rationale, perimeter definition, and regulatory registrations required (GIIN & local portals).
Data & Process Gap List
Field-level data requirements, quality gaps, process/control gaps, and dependencies on IT or third parties.
Plan, Timeline & Budget Range
Right-sized roadmap with phases, responsibilities, milestones, and an indicative fixed-fee proposal.
How it works
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1) Scoping call & document drop
Agree objectives and perimeter; we review org charts, product lists, data dictionaries, current procedures, and prior filings (if any).
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2) Workshops & walk-throughs
Process walk-throughs across onboarding, indicia checks, mapping, validations, and submission; governance & control interviews.
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3) Analysis & options
We map applicability, quantify gaps, outline options (incl. QI alignment if desired), and estimate effort/timeline.
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4) Read-out & next steps
Reviewer-ready feasibility memo, prioritized action list, and a proposed implementation/redesign plan with budget range.
From feasibility to execution
Once feasibility is confirmed, we can continue seamlessly into the implementation program:
Target Design
Operating model, RACI, control calendar/KRIs, 8966/local XML mapping and validations, exception handling.
Build & Configure
Mappings & schema checks, evidence templates, portal onboarding/registrations, training materials.
Dry-Run → Go-Live → Submission
Sampling, tie-outs, fixes, final filings & acknowledgements; corrections/re-filings if needed; handover & RO support.
Optional add-ons
- Quick data sampling: narrow sample to validate key fields (TIN/GIIN, classifications, balances) before committing to build.
- Portal readiness check: local portal registration, test submissions, receipt handling, and support model.
- Internal Audit alignment: co-sourced approach using your rating scales and documentation standards.
Timeline & pricing
- Typical duration: 2–4 weeks depending on perimeter and data availability.
- Client effort: scoping call, structured document drop, 2–4 SME sessions, read-out.
- Pricing: fixed-fee once scope is agreed; blended options if combined with QI alignment.