The challenges of data normalization

By Giles Smart and Justin Meagher

Today’s financial managers operate in a strict regulatory landscape that can be overwhelming and challenging. Many are struggling to stay on top of the new financial rules (e.g. AIFMD, EMIR, MiFID II, Solvency II, FATCA, and Dodd-Frank) while still effectively servicing their clients.

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Ireland, the jurisdiction of choice for global fund managers

By Colin Keane

Global fund managers consider Ireland their domicile of choice; since 2012, the assets serviced in Ireland have doubled. Eighteen of the top twenty global asset managers have Irish funds, and over 800 fund managers across 50 countries are being serviced in Ireland. It’s no surprise that Ireland is quickly being recognized as the domicile of choice for investment funds.

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What is CD/OT (UK FATCA)?

By: Justin Meagher

Regulatory Solutions group_opt3

In October 2013, certain British Crown Dependencies and Overseas Territories (CD/OT), also known as UK FATCA, entered into an intergovernmental agreement (IGA) with the UK to exchange tax information. CD/OT territories include: Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Montserrat, and Turks and Caicos Islands. The IGAs require similar information reporting as FATCA, but the reporting focus is on UK, rather than US, taxpayers. Continue reading

Automatic Exchange of Information (AEOI): A Global Initiative

By: Justin Meagher and Patti Griffin

Regulatory Solutions group_opt3

As offshore accounts become more common, tax administrators are struggling to accurately track individuals’ wealth. In the past, tax administrators relied on taxpayers to disclose their wealth in these offshore accounts, but with more countries adopting the AEOI system, that may no longer be the case. Continue reading

Fund Managers in APAC Face Challenges with Foreign Regulations

By: Wout Kalis

Compliance Concept on İnterface Touch Screen

A growing number of APAC managers want to diversify their investor base beyond regional Asian markets, looking at Europe and the United States as potential targets. Entering new global markets can be challenging though, especially adapting to different regulatory requirements. It’s important to understand what’s needed for entering these markets. Continue reading

The Emergence of the Common Reporting Standard

By Jeffrey Cronin

compliance

For many years, world leaders sought to develop a worldwide tax compliance protocol to curb tax evasion and money laundering. In the United States, tax evasion through Swiss banks led Congress to pass the Foreign Account Tax Compliance Act (FATCA). Many other countries soon followed with similar legislation (e.g. the UK’s Crown Dependencies & Overseas Territories [CD/OT]). Common Reporting Standard (CRS), adopted by 97 other countries, is a more recent universal response to the issues that prompted FATCA.
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