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Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced that Alter Domus, one of its long-term clients and a leading provider of fund administration and fund services, has adopted Thomson Reuters FATCA solution across its services platform to improve client identification and on-boarding in order to comply with the FATCA legislation. The Foreign Account Tax Compliance Act (FATCA), which came into effect on July 1, 2014, is intended to reduce the levels of tax avoidance by U.S. citizens and entities through foreign financial institutions (FFIs).
“We are delighted to be working with Thomson Reuters to provide a FATCA solution that helps our clients through the initial stages of identity and on-boarding, to the...
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