MaplesFS Focus on FATCA
In early 2011, MaplesFS commenced an evaluation of the impact of FATCA on its business and clients, reviewing systems and processes across all business units and client profiles to ensure the requirements of FATCA could be met. MaplesFS continues to monitor announcements to ensure that both the company and its clients are well prepared. MaplesFS has engaged an experienced team from a leading industry consultant to assist with the ongoing assessment of FATCA and the implementation of changes to documentation, systems and processes in order to ensure compliance and assist clients in addressing FATCA requirements.
MaplesFS will be issuing further communications in due course to contacts and clients that may be impacted by FATCA. In the meantime, we have prepared responses to the questions being raised by our clients as we approach the effective date.