Working group tasked with monitoring FATCA compliance
Jun 10, 2013
ST JOHN’S, Antigua – The Eastern Caribbean Central Bank (ECCB) has established a working group on the United States Foreign Account Tax Compliance Act (FATCA), the first positive steps taken towards compliance.
A press release from the central bank stated that the Eastern Caribbean Currency Union (ECCU) Working Group will ensure that financial institutions, which operate within the ECCU, are prepared to comply with the requirements of FATCA.
“The Working Group is charged with making recommendations to the respective member governments on the appropriate approach for ECCU FATCA compliance,” it read.
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