FATCA: Who Must Report by March 31?
The deadline for a Participating Foreign Financial Institution (PFFI), including a Reporting FI under a Model 2 IGA to complete its FATCA reporting to the IRS is March 31. Most reporting preparation is focused on Cayman Islands, Luxembourg and other non-U.S. jurisdictions. However, there are also a significant number of FIs who must submit their FATCA reporting directly to the IRS. EAG Leads Generally, a United States FI (USFI) is not required to obtain a Global Intermediary