Compliance

Money Laundering Prevent

Money Laundering Prevent

You will find hereunder the Wolfsberg questionnaire certifying the measures implemented.

thumbnail of CAFFIL Wolfsberg questionnaire mai 2017

FATCA Regulation

FATCA Regulation

The Foreign Account Tax Compliance Act (“FATCA”) is a U.S. law whose objective is to combat tax evasion by U.S tax payers. The Internal Revenue Service (“IRS” – U.S. tax authorities) has set up a framework to collect on a yearly basis from non-U.S. financial institutions information relating to foreign income and assets held by U.S. taxpayers outside the United States.

Starting 1st July 2014 financial institutions such as banks, life insurance companies, asset management companies, custodians, etc. will have to put in place procedures to identify their U.S. clients.

Since the year 2015, the financial institutions will start reporting to the U.S. tax authorities the identity and the tax identification number of their U.S. clients as well as their accounts’ balance as of 12/31/2014.

In order to facilitate the implementation of FATCA a large number of countries, including France, have negotiated intergovernmental agreements with the USA.

On 14 November 2013, the Government of France signed an Agreement with the Government of the United States (“IGA Agreement”) in accordance with the Franco-American Tax Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion and Avoidance And authorizing the exchange of information for tax purposes, including automatically.

You will find below the Form W-8BEN-E of CAFFIL :

thumbnail of FATCA – W8BEN -E CAFFIL oct 2016