FATCA (Foreign Account Tax Compliance Act)

Roles that need it

• Tax Associate
• KYC Analyst
• Corporate Onboarding Analyst (KYC)
• Compliance Officer
• Private Banking Analyst

Skills it belongs to

• Know your customer due diligence
• Corporate taxation

Related concepts

• CRS (Common Reporting Standard)The Common Reporting Standard is the OECD standard under which financial institutions identify the tax residence of account holders and report their account balances and income to local tax authorities, which exchange the data each year. The EU applies it through DAC2.
• Withholding tax (WHT)Withholding tax is tax deducted at source by the payer on dividends, interest or royalties paid to another person, often a non-resident. Investors claim reduced treaty rates at source or by refund. The EU FASTER Directive harmonises relief procedures and a digital tax residence certificate.

Sources

• Foreign Account Tax Compliance Act (FATCA), IRS (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.